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22 June, 06:05

What is a non-sufficient fund (NSF) fee and when must you pay it?

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Answers (2)
  1. 22 June, 06:25
    0
    Non-sufficient funds is the term used when the holder of a checking account is overdrawn - meaning there is not enough money in the account to pay the check written against it. The bank returns the "bounced" check to the accountholder and charges a returned-check charge, or a non-sufficient funds (NSF) fee.
  2. 22 June, 09:42
    0
    This occurs when a checking account is overdrawn and doesn't have enough money in it to cover debts. A fee is charged and more funds must be added to the account.
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