Non-sufficient funds check fee

Wednesday, June 27, 2018

If your department receives and deposits checks, please note the following related to non-sufficient funds (NSF) charges.   

What’s changing and when?

Effective July 1:

  • A $25 fee from the University’s bank will be passed on to departments for NSF checks when returned by the bank. The default fund to be charged will be the same fund used for the original deposit of the receipt.

  • Departments may pass this fee on to the payee. Departments will absorb the fee where they are not successful in collecting it from the payee.