![]() ![]() ![]() In some cases, your bank may opt to cover the payment but charge you a penalty. In recent years, some larger banks have discontinued charging NSF fees for some accounts, including Bank of America, JP Morgan Chase and PNC.įor those that still issue them, the average NSF fee is $34, according to the Consumer Financial Protection Bureau. Traditionally, the person whose check bounced has to pay their bank a penalty charge, known as a nonsufficient fund (NSF) fee. Here are a few of the fees you may incur: Nonsufficient fund fees ![]() If you write a check for more money than you have in your account, you’ll typically have to pay a fee (or more than one). ![]() The check is “stale,” meaning it wasn’t deposited within six months.The check has too many scratch outs or is illegible.The check has missing or incorrect info (You forgot to sign it, made it out to the wrong person, or the written and numeric amounts don’t match.).There are other reasons a check may bounce, including: A bounced check is one that’s returned to the issuing bank because it can’t be processed, usually due to “ nonsufficient funds.” That means there wasn’t enough money in the check writer’s account to cover the amount of the check. ![]()
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