What Are Insufficient Funds?
Sometimes referred to as non-sufficient funds, insufficient funds is a term used to refer to a checking account that does not contain enough resources to process a check that is presented for payment. When a state of insufficient funds is present, there are several different actions that may take place, including the return of the check to the depositor’s bank or honoring the instrument and charging the client an insufficient funds charge.
Related Questions
- I am trying to process an order through the Purchasing System and am getting a message that there are insufficient funds. How can this be when the balance in my account is positive?
- What if there are insufficient funds in the estate or trust to pay in inheritance advance company?
- What if there are insufficient funds in the estate or trust to pay the funding company?
