non sufficient funds not enough money to cover the posted check when presented to cashing agent
no they can not
It means that there was not enough money in the account to cover the check. Non Sufficient Funds.
Exception processing in banking is simply when an item is processed as an exception to normal practices and as a courtesy to the customer. For example, you have written a check for an amount slightly higher than your bank balance and it is cleared through your account rather than being returned NSF. This might result in an overdraft or additional service charges but saves you the embarassment of the NSF check and NSF charges.
Everyone. The person who issues the check pays the merchant he wrote the check to, and their own bank. The merchant may have to also pay their bank.
The bank charges you for a NSF fee and the place that you used the check can also charge you so you're looking at some hefty charges.
No
an NSF cheque is often called a "bounced" cheque
no they can not
If the check was to pay for an item (generally property like a car) you have alien or such against...an NSF check by itself is not a secured debt.
No they cannot. The check can only be honored with funds from the account it was written on.
addition
It means that there was not enough money in the account to cover the check. Non Sufficient Funds.
It went NSF and your down payment is not paid. You will likely incur extra charges as well for the NSF not only from the bank but from whomever the down payment was for.
Yes/No, NSF checks are criminal offence in some countries, as the person issuing the check, knowing that there are no funds on the account to cover this payment, is abusing the rights of the person who needs the payment. Please make sure you don't issue the NSF checks. Best. Eugene
Yes, but beware of the bank or the recipient of the check claiming Fraud.
Yes, a bank can charge nsf fees to anyone they want to. You may want to check with other banks, and ask about their nsf policies. THE BANK CAN CHARGE NSF FEE TO THE PRESIDENT OF THE US.
The key here is that your check bounced. You are responsible for making this good no matter what it takes. The landlord is counting on your check having sufficient funds when presented ... and any NSF's related to just your check, should be reimbursed.