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NSF Fee
(redirected from Non-Sufficient Funds Fee)

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NSF Fee
A fee one must pay in the event that one bounces a check. For example, if Joe writes a check to Bob for $500, but there is only $400 in Joe's checking account, Joe may have to pay an NSF fee to his bank to discourage him from writing bad checks.


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4 million due primarily to a reduction in non-sufficient funds fees and increased charged-off overdraft fees.
You will know in three days or less whether a check is good," Kaplan said, adding if it is not, EzPayment's non-sufficient funds fee is less than that charged by a bank for a returned paper check.
However, non-sufficient funds fee income is large for financial institutions, potentially reducing banks' incentive to promote some electronic payment alternatives.
 
 
 
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