Insufficient funds

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Insufficient Funds

A situation in which one does not have enough deposited in a bank account to cover all checks and/or electronic withdrawals. For example, if Bob writes Joe a check for $200, but there is only $175 in Bob's account, Bob has insufficient funds in his bank account and the bank likely will refuse to transfer the funds to Joe's account. However, some banks make requested transfers with insufficient funds but assess an overdraft fee on the account holder. This is especially true with electronic transactions. See also: Bounce.

Insufficient funds.

If you don't have enough money available in your checking account to cover the checks you've written or electronic debits you've authorized, you have insufficient funds (ISF) or nonsufficient funds (NSF).

A check written against insufficient funds is informally called a returned check, a bounced check, or a bad check. If you write one, your account is considered overdrawn.

Unless you have overdraft protection, which is a line of credit linked to your checking account, your bank will charge you an NSF fee, usually $20 to $35 per check.

The check or an electronic copy is returned unpaid to the person who deposited it. The payee's bank may also charge a fee for depositing a check written against insufficient funds.

References in periodicals archive ?
Following the initial report of symptoms in 1997 and the identification of NSF/NFD by Cowper, Robin, Steinberg, Gupta, and LeBoit (2000), NSF has been an etiological mystery to the nephrology community.
Very close to the sample, a [.sup.3]He NSF is used as an analyzer which covers the total angular acceptance of the instrument.
What does NSF require of its awardees regarding conflict of interest?
NSF International, a not-for-profit, non-governmental organization, is dedicated to providing global risk-management services that improve public health and safety and protect the environment.
The social sciences are not now, and may never have been, a high priority at NSF. In many quarters of the Foundation they are seen as "soft" sciences, lacking in rigor, and often diverted from science by advocacy and reformism.
NSF group chief executive John van Kuffeler said: "I am very disappointed that, despite our best efforts, customers, employees and shareholders will not now benefit from our transformation plan to build a brighter future by combining Provident with NSF."
NSF has the support of investors representing 53.5 per cent of shares, including fund manager Neil Woodford and asset manager Invesco.
NSF has already acknowledged the merger would lead to reduced competition in the home credit sector and has put forward plans to demerge its home credit business, Loans at Home, to address this.
Bradford-based Provident Financial yesterday branded NSF's offer "flawed, "misleading" and "inaccurate".
NSF International and the NSF/ANSI 173 Joint Committee have updated the pesticide testing requirements included in NSF/ANSI 173, the only American National Standard for dietary supplements.
NSF International (http://www.nsf.org/), a global public health and safety organization, has certified the stainless steel bowl of WeatherTech's PetComfort (https://www.petcomfort.com/) Feeding System.