NSF Fee

(redirected from Non-Sufficient Funds Fees)

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.
References in periodicals archive ?
A CFPB study found 9% of accountholders overdraft 10+ times per year; they shoulder 79% of banks' total non-sufficient funds fees.
This includes late fees, overdraft and non-sufficient funds fees and ATM fees for using non-Wells Fargo ATMs.
One such complementary program launched at the beginning of 2010 is NSF Fee Free Days, which allows members to have $12 Non-Sufficient Funds fees waived on two days during the year, regardless of the number of items marked as NSF on either of the two days.
The bank also charged overdraft and non-sufficient funds fees on its deposit advance product despite claims that it would not do so.
The decrease in service charges on deposit accounts is due to reduced non-sufficient funds fees as customers reduce their buying due to current economic conditions.
he $27 billion State Employees' Credit Union said it waived more than $219,000 in non-sufficient funds fees during a late January winter blast that swept over the Tarheel State.
Checking & Savings - non-sufficient funds fees temporarily waived, instant credit for deposits en route to the bank, emergency fulfillment of debit cards.
The decrease is primarily due to the fact that the Company had $9,000 gain on investments available for sale in 2006 compared to $64,000 in 2005 and a decrease in non-sufficient funds fees to $146,000 in 2006 from $163,000 in 2005.

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