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.

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References in periodicals archive ?

In the immediate future, we will have an unelected, unaccountable bureaucrat deem that a paid NSF fee is no longer allowed (and who knows if the unpaid NSF fee will be permitted).

CFPB Bulletin Sets Off Credit Union Debate

It's the Merchant's choice as to how to handle the situation, but the bottom line is that the Merchant has just avoided a potential NSF fee or worse - a fraudulent transaction.

UseMyServices Joins Forces with Western Clearing to Lower ACH Returns

First, banks acknowledge that high-low sequencing offers increased NSF fee revenue and that a change in the existing rule would diminish their revenue stream.

The exploitation of bank charges and undermining of consumer protection: exploring the realms of high-to-low check posting

Stephanie Sanford, area manager of Peoples Bank, said, "They avoid a $30 NSF fee, but the problem is they keep doing it.

Payday loans market could be handled better

The NSF fee is subtracted from the customer's available funds, and the customer receives notification that an overdraft item has been paid, along with a notice requesting a deposit to replenish the bounce protection portion of their account.

Bounce protection: awareness is the key

If a customer does not have sufficient funds in the account, transactions are declined or returned for non-sufficient funds without payment; however, KeyBank does not charge an overdraft or NSF fee.

8 Checking Accounts That Don't Overdraft

Same goes for those that depend upon NSF fee income to keep the lights on, as well as those that don't understand how social media differs from direct mail advertising.

Credit unions are knocking on death's door

Does dropping your NSF fee a buck or two below the local community bank really allow you to claim ethical superiority?

The low down on low-income populations

While they have little control over their levels of NSF fee income, a noninterest income staple, they say boosting interchange income by encouraging the use of debit cards has become a priority.