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What is an NSF Fee?

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What is an NSF Fee?

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This is a fee assessed when an item presented for payment against an account with an insufficient available balance is returned by the bank to the payee.

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NSF = NOT SUFFICIENT FUNDS An NSF fee is a fee assigned by the bank for the processing of a check that does not have funds to cover the amount…. one that bounced. The NSF fee is $25. Note: A late fee may also accompany an NSF fee. If the check bounces, it means rent was not paid…. even if you wrote the NSF check before the end of the 5 day grace period.

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