NSF Fee

(redirected from Nonsufficient Funds Fee)

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 average nonsufficient funds fee (commonly known as an overdraft or bounced check fee) set another record of $30.
Also known as nonsufficient funds fees, these increased 1.