Not-sufficient-funds check

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Not-sufficient-funds check

A bank check having insufficient funds to back it.
Copyright © 2012, Campbell R. Harvey. All Rights Reserved.

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.
Farlex Financial Dictionary. © 2012 Farlex, Inc. All Rights Reserved
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We are clearing Rs100bn returned cheque, servicing Rs1,500bn loans and cleaning metro mess'.
Subject to the submission of an appropriate prior written request for access to this facility and the presentation of a valid representative card, the customer's selected representative can access services such as cash deposit via Teller Services, cheque deposit via teller services, returned cheque collection from the branch, new ATM card and PIN collection, new credit card and PIN collection, new cheque book collection, bank statement collection and demand draft and pay order collection.
2009: The was sent to The signed off The hire "The timing with the returned cheque, which the insurer did not accept as payment, was awful and we realised we were car ended in the wrong.
One returned cheque in your account means the end of your relationship with the bank, while a delayed payment by just days means the end of your record with them.
There, a borrower who had a returned cheque or direct debit, at the same time as three months arrears and an arrears advice appointment would be charged a crippling pounds 331.
And Lloyds TSB charges pounds 25 each day you're over your overdraft limit, while NatWest charges pounds 35 for a returned cheque.
For a retail customer the charges for a returned cheque is Dh100.
Unauthorised overdrafts are charged at 29.69 per cent and pounds 35 for a returned cheque.
Or you could switch your account to the Cheshire Building Society which charges only pounds 5 for a returned cheque.
His pension was sent regularly until the Department received a returned cheque for $6,070 with a letter saying it had been paid in error.
The central bank has urged banks to advise their customers that returned cheques due to insufficient funds on the account will be recorded with the AECB and will negatively affect the creditworthiness of customers.
According to Central Bank figures, the percentage of the number of presented and returned cheques increased from 4.3 per cent in Q2 2017 to 4.6 per cent in Q3 2017.