My Bank charged me 60 dollars for an NSF fee, what is an NSF fee?

Question

I'm asking because my bank is closed and i can't talk to anyone at this hour...
I just need to know what an NSF fee even is, and is there any way I can get it back?

Answer 1

Non-Sufficient Funds

It means you wrote a check that you didn't have funds in the bank to cover......hot check/rubber check/bad check. Some banks call it an Overdraft Fee.

The only way to get it refunded is if you can prove that there was enough money in the account to cover the check at the time the check went through the account and the bank made a mistake. However, banks are very careful about this stuff and keep excellent records. The chances that the bank made a mistake is pretty close to none.

Answer 2

This means, that in the banks opinion, there were Not Sufficient Funds in your account to cover the amount of the check. At the banks option they can either cover the amount of the check or return it to the person or business you wrote it to marked "return for insufficient funds." State regulate the amount that banks can charge for NSF funds. So you may want to check with your state laws to see how much they can charge. Further the business or person you wrote the check to can charge you additional fees plus the cost of collecting on the check. So it is wise to take care of this matter as soon as possible. Contact the payee, the person or business you wrote this to, so that you can make arrangements to cover the check. Otherwise, the fees might start piling up!

Answer 3

it is nsf non sufficient funds. it means that the account did not have enough money to pay the check when it was presented. the bad news is that whoever you gave the check to will also be charged a fee and will probably be looking to you to cover it . if the bank was wrong , they will reverse the fee and you should ask them for a letter stating that it was a bank error. let the person you know who you wrote the check to asap and give them a copy of the letter. if they show the letter to their bank, their bank might not charge them. good luck.

Answer 4

NSF = Non Sufficient Funds.
You wrote checks and/or used you debit card for more than the balance in your account.
NO, you can't get the money bank. Make a deposit ASAP. You are probably accumulating DAILY overdraft fees until you deposit enough to cover the overdraft, the NSF fee, AND the daily overdraft fees.

Answer 5

NSF means Not Sufficient Funds

You wrote a check that didn't have enough money in your account to cover the check's amount, either by mistake or oversight. Most banks offer protection for these kinds of errors where they transfer money from another of your accounts with their bank to cover your check.

OR you deposited a check that didn't have funds to cover the amount of the check. The charge in this case should be assigned to the check writer.

They're entitled to charge you for handling this error and probably have it written down in their terms and conditions statement.

Answer 6

It's your penalty for a string of your own choices:
1. Choosing a bank that charges that much for basically nothing. There are other banks and credit unions that charge a lot less and have a lot of liniency to recind the charge.
2. Failure to establish overdraft protection on the acoount.
3. Failure to balance checkbook/track spendings.

Consider it a $60 lesson. Learn and do not repeat.

Answer 7

NSF stands for Non Sufficient Funds.
In other words, you overdrew the account.
To prevent this you need Overdraft Protection.
And to keep track of your cheques/payments.
Sometimes it's another service charge which did this.

Answer 8

No sufficient funds. Something like that. It means either a check you wrote bounced or someone tried an electronic withdrawal and there was not enough money in the account to cover it.

Answer 9

Non Sufficent funds.

And if its the first time you've done it, most banks will lessen or even waive the charge.

Answer 10

Non sufficient funds....meaning you are overdrawn.