Not-sufficient-funds check

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Not-sufficient-funds check

A bank check having insufficient funds to back it.

Not-Sufficient-Funds Check

A check that a bank refuses to honor because there is not enough money in the payer's checking account to cover the amount of the check. For example, if Bob writes Joe a check for $200, but there is only $175 in Bob's account, then Bob has written a not-sufficient-funds check and the bank will refuse to transfer the funds to Joe's account. It is also called an NSF check, a bad check or a returned check.
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This method helps retailers speed up their checkout lines, reduce the cost of accepting and processing checks, access funds quicker and help reduce the acceptance of both fraudulent and not sufficient funds checks.