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 ?
The bank also charged overdraft and non-sufficient funds fees on its deposit advance product despite claims that it would not do so.
Gains on sales of securities increased by $622 thousand, secondary market lending fees increased by $472 thousand, the defalcation recovery contributed $217 thousand, Investment Advantage program revenue increased by $62 thousand, non-sufficient funds fees increased by $192 thousand, but losses on OREO increased by $301 thousand.
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.
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.
The lawsuit alleges that BancorpSouth improperly assessed non-sufficient funds fees and overdraft fees for insufficient funds on debit card and check purchases and ATM withdrawals in a number of ways that were unlawful, including by "re-sequencing" transactions in order to maximize the number of non-sufficient funds fees and overdraft fees.
The Settlement Class includes all persons in the United States who currently have or in the past had a BancorpSouth account on which at least one non-sufficient funds fee or overdraft fee was charged and collected betweenMay1, 2004 through and including December 31, 2011.
Checking and Savings -- Non-sufficient funds fees waived through December 31, 2007.
Checking & Savings - non-sufficient funds fees temporarily waived, instant credit for deposits en route to the bank, emergency fulfillment of debit cards.
Bounced check fees, also known as non-sufficient funds fees, established a new record high of $27.
By borrowing from a money-services company such as max4money, Reynolds said, consumers who need short-term loans can avoid the non-sufficient funds fees from $15 to $35 they may ultimately have to pay a bank.
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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