What happens if there are insufficient funds in my checking or savings account to cover an account transfer?
If an account transfer request is rejected by the bank for any reason, a “returned item” charge of $25 is assessed, and you may be responsible for late fees. Any returned items will void outstanding deferments, making all balances due, in full, immediately. Students and parents should be aware that account transfer payments may be held by the bank for the maximum time allowed by law. Please allow ample time for funds to be made available by the date payment is due.
Related Questions
- Can I transfer funds from an Ambler Savings Bank Checking, or Savings account to another account held by a different banking institution?
- Can I transfer funds from a New Peoples Checking or Savings account to another account held by a different banking institution?
- What happens when my checking account has insufficient funds to cover the electronic check or the account has been closed?
