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Not-Sufficient-Funds Check
(redirected from Returned Cheques)

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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 is despite the fact that the total number of bounced cheques shot up more than eight per cent during the same period from 544,196 cases of returned cheques in the January-April period in 2009 to 588,570 in the first four months of last year.
The announcement, and returned cheques, came in a letter from regional chairman Gary Ashford, of accountants Grant Thornton.
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