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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RDM's new innovative and proprietary Image and Transaction Management System ("ITMS(TM)") is capitalizing on the shift to electronic cheques whereby transaction information is remotely captured and processed electronically from distributed locations, freeing up significant customer float time and significantly reducing costs associated with returned cheques.
RDM's newest offering is its innovative and proprietary Image and Transaction Management System ("ITMS(TM)") whereby transaction information can be remotely captured and processed electronically from distributed locations, freeing up significant customer float time and significantly reducing costs associated with returned cheques.
RDM's newest offering is its innovative and proprietary Image and Transaction Management System (ITMS) whereby transaction information can be remotely captured and processed electronically from distributed locations, freeing up significant customer float time and significantly reducing costs associated with returned cheques.
RDM's newest offering is its proprietary Image & Transaction Management System (ITMS) whereby transaction information can be remotely captured and processed electronically from distributed locations, freeing up significant customer float time and significantly reducing costs associated with returned cheques.
According to the bank, the count of returned cheques of total cheques presented for January 2012 were 130,954 with an amount of Dh5,247,254,989.
RDM's newest offering is its innovative and proprietary Image & Transaction Management System (ITMS(R)) whereby transaction information can be remotely captured and processed electronically from distributed locations, freeing up significant customer float time and significantly reducing costs associated with returned cheques.
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.
RDM's newest offering is its innovative and proprietary Image and Transaction Management System (ITMS(TM)) whereby transaction information can be remotely captured and processed electronically from distributed locations, freeing up significant customer float time and significantly reducing costs associated with returned cheques.
Then there are monthly maintenance charges, interest charges, charges for returned cheques or direct debits, charges for receiving letters from the bank manager, and even charges for being provided with a duplicate bank statement to check you haven't been overcharged.
All types of loan applications are subject to good credit history, which includes a clean record on returned cheques and no overdues on loans, in addition to the bank evaluating bank statements provided by the customer," the bank says.
75 per cent of those cases are returned cheques between house owners and tenants, and traders and suppliers, only 7 per cent are banking cases.
RDM's new innovative and proprietary Image and Transaction Management System (ITMS(TM)) is capitalizing on the shift to electronic cheques whereby transaction information is remotely captured and processed electronically from distributed locations, freeing up significant customer float time and significantly reducing costs associated with returned cheques.