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Can EFT transactions be returned by my bank for non-sufficient funds (NSF), etc.?

April 26, 2017Bank EFT funds non-sufficient NSF RETURNED transactions

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Can EFT transactions be returned by my bank for non-sufficient funds (NSF), etc.?

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If your customer provides invalid account information or doesn’t have sufficient funds to cover an order, their EFT transaction will be declined by the EFT processor. Transactions will only be submitted to your bank after they have been screened by the EFT processor. This alleviates the risk of bank-assessed returned-item fees.