is it because they are total bankers!
2007-01-18 10:31:14 · 5 answers · asked by ? 3 in Business & Finance ➔ Other - Business & Finance
Because they are greedy heartless creatures with absolutly no soul.
2007-01-18 10:39:14 · answer #1 · answered by Anonymous · 1⤊ 1⤋
Just like credit cards and cash, a check is a mean of payment for services provided or products purchased. Banks charge Non-Sufficient funds fee to discourage customers from writing checks when they know they don't have sufficient balance in their account. If they did not charge a fee businesses would see a lot more checks being returned. The NSF fees are a source of revenue for banks but it is also meant to discourgae people for writing checks knowing they don't have sufficient balances
2007-01-18 10:49:32 · answer #2 · answered by Amit 1 · 0⤊ 0⤋
Well, I know it's not fair, but it takes a lot of extra work to process those insufficient fund checks. Actual people have to pull them out and mail them back to wherever they came from. So I guess they have to pay those real people.
It's also an incentive NOT to bounce checks in the future.
Bankers are out to get as much money from you as they can. Go to a Credit Union. They are a lot nicer and cheaper!
2007-01-18 10:37:48 · answer #3 · answered by Sabina 5 · 0⤊ 1⤋
Problably the same reason credit card companies charge higher interest when a payment is late.
2007-01-18 14:21:10 · answer #4 · answered by Colt Seavers 3 · 1⤊ 0⤋
To discourage you from writing bad checks !!!!
2007-01-18 13:41:03 · answer #5 · answered by Anonymous · 1⤊ 0⤋