NSF Fee

(redirected from Nonsufficient 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 Consumer Financial Protection Bureau (2014) finds that overdraft and nonsufficient funds fees are the majority of fees charged on consumer checking accounts and that consumers that opt in to overdraft protection experience overdrafts seven times more often than consumers that do not opt in.
As previously mentioned, overdraft and nonsufficient funds fees are the majority of fees charged on consumer checking accounts.
A financial institution may not, after all, want to open a checking account for someone with a history of writing bad checks and incurring nonsufficient funds fees that may remain unpaid.