{"id":17431,"date":"2023-08-21T10:13:00","date_gmt":"2023-08-21T10:13:00","guid":{"rendered":"https:\/\/businessyield.com\/?p=17431"},"modified":"2023-09-30T14:31:50","modified_gmt":"2023-09-30T14:31:50","slug":"nsf-fee","status":"publish","type":"post","link":"https:\/\/businessyield.com\/terms\/nsf-fee\/","title":{"rendered":"NSF Fee: Overview, Examples & 5 Tips to Avoid them","gt_translate_keys":[{"key":"rendered","format":"text"}]},"content":{"rendered":"\n
When you make a payment with insufficient funds in your checking account, one of two things happens: your bank will either cover the payment or will not.
Both scenarios are undesirable, as they would result in payments. However, the second scenario is referred to as “bouncing” a bill, and it can result in additional third-party charges as well as your bank’s nonsufficient funds (NSF) fee.<\/p>\n\n\n\n
According to the Center for Responsible Lending’s analysis of FDIC results, NSF fees cost Americans billions of dollars per year. You can, however, stop them if you know how.<\/p>\n\n\n\n