If a bank returns a charge nonpaid, how can they charge you an overdraftfee when your account never really overdrafted?
Untitled
If the fee is for the processing, and not for the payment of an item, yes. If I have $100 in my account and a check or other transaction is presented for $101, that request can be denied. I would be charged an NSF fee of say $25 and would subsequently have $75 left in my account, as well as someone still wanting $101 from me.
BankingQuestions.com is a free service made possible by the generous support of our advertisers. Advertisers are not responsible for site content. Please help us keep BankingQuestions.com FREE by supporting our advertisers. When you see an ad for a product or service you may have an interest in, click through to learn more.
Accounts
Article
Q&A
Podcast
Video
Blog
Discussions
PDF
Powerpoint
If the fee is for the processing, and not for the payment of an item, yes. If I have $100 in my account and a 