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Bounced Check
(redirected from Non-sufficient funds)

   Also found in: Dictionary/thesaurus, Legal, Wikipedia 0.01 sec.
Bounced Check
A check from which funds are not transferred because there are insufficient funds in the payer's account. For example, suppose Joe writes a check to Bob for $500, but there is only $400 in Joe's checking account. When Bob deposits the check, his bank will refuse to credit the $500 to his account, because Joe's bank will advise that Joe does not have enough money to honor the check. In this case, the check is called a bounced check. In the United Kingdom, the common term is an unpaid cheque.


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When contemplating payday loans, certain realizations must sink in One of the most important is that the lending company will charge penalties for late payments and the bank will charge non-sufficient funds (NSF) charges on your account When contemplating payday loans, certain realizations must sink in.
65 annually in non-sufficient funds fees, compared with $180.
If a check or pre-authorized payment is returned for non-sufficient funds, your transaction will automatically be re-submitted.
 
 
 
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