WTF IS THIS? --> "NSF Returned Items Penalty"

[Rip the Jacker]

Anyone?

 

[FoBoT]

need more info

 

[CountZero]

NSF is usually non-sufficient funds.

 

[Rip the Jacker]

Originally posted by: CountZero
NSF is usual non-sufficient funds.

WTF? It charged me but I have $1xxx (positive) on my acct.
It is positive now, and it was positive then.

I do not see how this could happen.

???

 

[mugs]

You could be charged a fee because your account was overdrawn, or because you deposited a check from an account that was overdrawn.

The wording makes it sound like the latter. Did you deposite any checks recently? Most likely from an individual.

 

[mzkhadir]

Originally posted by: Rip the Jacker
Anyone?

what bank ?

 

[Rip the Jacker]

Originally posted by: mzkhadir

Originally posted by: Rip the Jacker
Anyone?

what bank ?

Suntrust.

 

[Hossenfeffer]

Need more info. Just charged out of the blue?

 

[JS80]

you deposited a bad check

 

[jumpr]

You deposited a check that was drawn on an NSF account. Thus, your bank charges you. Sucks, doesn't it? Now, go hunt down the person who gave you a bad check.

 

[Rip the Jacker]

Originally posted by: JS80
you deposited a bad check

Can't be. I've only deposited 3 times and they were all successful.

 

[kranky]

Originally posted by: jumpr
You deposited a check that was drawn on an NSF account. Thus, your bank charges you. Sucks, doesn't it? Now, go hunt down the person who gave you a bad check.

There's your answer. The person who wrote the check didn't have enough in the account to cover it. So their bank charged them a bounced check fee, and your bank charged you one as well.

 

[FoBoT]

is it tied to paypal or anything electronic like that?

 

[KarenMarie]

Originally posted by: Rip the Jacker

Originally posted by: JS80
you deposited a bad check

Can't be. I've only deposited 3 times and they were all successful.

Sometimes, it takes a while for a check to bounce.

It shows up in your account pretty quickly, but by the time the actual money moves, it could bounce then. I have heard of it taking up to two weeks, but that is the exception.

 

[jlee]

If your account balance has not dropped below zero, call the bank. You shouldn't get charged for deposited items that were returned..if you do, your bank sucks and you need a new one.

NSF returned fees are for checks you wrote that were returned to the other party due to nonsufficient funds in your account.

Edit: And if you did write an NSF check and it was returned, the amount of the check would have been credited back to your account..and you would quite possibly go back above zero.

 

[Rip the Jacker]

Originally posted by: FoBoT
is it tied to paypal or anything electronic like that?

Yeah, it's tied to paypal. I have successfully bought items with it.. hmm?

 

[FoBoT]

maybe paypal tried to take a billion dollars from you or something stupid

check your paypal account activity, maybe you have been haxored

 

[Rip the Jacker]

Originally posted by: FoBoT
maybe paypal tried to take a billion dollars from you or something stupid

check your paypal account activity, maybe you have been haxored

I have an account tied to Paypal.. I don't think I got "haxxored".

 

[kranky]

Originally posted by: CadetLee
You shouldn't get charged for deposited items that were returned..if you do, your bank sucks and you need a new one.

I'm guessing you've never had this happen to you. You'll be in for a rude awakening.

 

[jlee]

Originally posted by: kranky

Originally posted by: CadetLee
You shouldn't get charged for deposited items that were returned..if you do, your bank sucks and you need a new one.

I'm guessing you've never had this happen to you. You'll be in for a rude awakening.

I work for a bank. We don't charge.

Your bank sucks.

 

[Nik]

Call your bank in the morning and find out for yourself.

 

[krunchykrome]

NSF means "Non sufficient funds", which is a term banks use when items (checks or purchases) are presented for payment (against your account) when there is not enough money in the account to cover (pay for) the item. If the item was an electronic purchase with your debit card, it went through, otherwise, the store or merchant would have denied your card. If it was a check, depending on your bank, they may or may not honor it, meaning they may pay it against your account and allow your account to go into the negative; or they may not pay it and your check will bounce. Either way, the NSF penalty is the fee the bank charges you for going into the negative or neglecting your account balance.

 

[jlee]

Originally posted by: krunchykrome
NSF means "Non sufficient funds", which is a term banks use when items (checks or purchases) are presented for payment (against your account) when there is not enough money in the account to cover (pay for) the item. If the item was an electronic purchase with your debit card, it went through, otherwise, the store or merchant would have denied your card. If it was a check, depending on your bank, they may or may not honor it, meaning they may pay it against your account and allow your account to go into the negative; or they may not pay it and your check will bounce. Either way, the NSF penalty is the fee the bank charges you for going into the negative or neglecting your account balance.

His fees state "NSF returned", meaning an item would have been returned..if it was covered by the bank, it should read "NSF paid fee"..which it doesn't. As his balance has remained positive, there shouldn't be any NSF activity at all.

Frankly, I'm at a loss..looks like he needs to give them a call.

 

[DrPizza]

Originally posted by: CadetLee

Originally posted by: kranky

Originally posted by: CadetLee
You shouldn't get charged for deposited items that were returned..if you do, your bank sucks and you need a new one.

I'm guessing you've never had this happen to you. You'll be in for a rude awakening.

I work for a bank. We don't charge.

Your bank sucks.

Really?! What bank??

Every bank I've heard of charges a fee to the depositor. I'm surprised there's one that doesn't... I suppose every retailer in your town uses your bank, because all the retailers I'm familiar with pass on that bounced check fee to customers (plus a little extra usually). At a company I used to work for, I photocopied the statement we received from the bank, along with the fees we were charged, and mailed them to the customer. (We only charged the customer exactly what the bank charged us for the fee; never anything additional - why piss off a customer, except those customers on check number 110.)

 

[krunchykrome]

Originally posted by: DrPizza

Originally posted by: CadetLee

Originally posted by: kranky

Originally posted by: CadetLee
You shouldn't get charged for deposited items that were returned..if you do, your bank sucks and you need a new one.

I'm guessing you've never had this happen to you. You'll be in for a rude awakening.

I work for a bank. We don't charge.

Your bank sucks.

Really?! What bank??

Every bank I've heard of charges a fee to the depositor. I'm surprised there's one that doesn't... I suppose every retailer in your town uses your bank, because all the retailers I'm familiar with pass on that bounced check fee to customers (plus a little extra usually). At a company I used to work for, I photocopied the statement we received from the bank, along with the fees we were charged, and mailed them to the customer. (We only charged the customer exactly what the bank charged us for the fee; never anything additional - why piss off a customer, except those customers on check number 110.)

For a $8 or $9 hourly paid teller, he really has pride in his retail job.

And what bank is this you speak of? I dont know of any who dont have a NSF fee.