Retry NSF Fees definition

Retry NSF Fees means NSF Fees that were charged and not refunded for Automated Clearing House (ACH) and check transactions that were re-submitted by a merchant after being returned by Defendant for insufficient funds.
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Retry NSF Fees means the fee that Defendant charges on the second or third time (or subsequent times) a third party submits an item to Defendant in an attempt to collect on a check (including an electronic check) or ACH payment item after the first attempt at payment was rejected because the credit union member’s account had an insufficient available balance and the subsequent submissions are also rejected for that reason.
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Examples of Retry NSF Fees in a sentence

  • You will release any claims you may have against Trustco arising out of its assessment of Retry NSF Fees and APPSN Fees during the Class Period, September 2, 2014 to December 10, 2023.

  • On November 13, 2021, Plaintiff ▇▇▇▇▇▇▇▇▇▇▇ ▇▇▇▇ filed a putative class action complaint in the Action seeking damages, restitution, and declaratory relief arising from the allegedly unfair and unconscionable assessment and collection of APPSN Fees and Retry NSF Fees.

  • If you are a member of the Settlement Class and if the Settlement is approved, you may be entitled to receive a cash payment from the $20,750,000.00 Settlement Fund and/or the forgiveness of $20,750,000 in Uncollected Retry NSF Fees.

  • Defendant has determined that there are 20,084 transactions for persons in the Settlement Class, and that the total Retry NSF Fees identified for the Settlement Class are $334,000.

  • The Settlement Administrator, supervised by the Parties, shall calculate the forgiveness of the NSF Forgiveness Amount of $20,750,000 in Uncollected Retry NSF Fees among Class Members whose Accounts are closed and who have amounts that remain due and owing to Defendant as of the Effective Date, using the following formula: (NSF Forgiveness Amount/Total Uncollected Retry NSF Fees) x (the dollar amount of the Settlement Class Members’ Uncollected Retry NSF Fees, less any Retry NSF Fee Refunds).

  • Defendant shall implement the following change in As a result of the litigation, Defendant will make improvements to Defendant's account agreement and disclosures to clarify when APPSN Fees and Retry NSF Fees can be assessed.

  • Within 90 days of the Effective Date, Defendant shall update any negative reporting to Chexsystems or credit reporting agencies with respect to Settlement Class Members who receive forgiveness of Uncollected Retry NSF Fees.

  • If your objection is overruled by the Court, then you may receive a payment and/or forgiveness of Uncollected Retry NSF Fees and you will not be able to ▇▇▇ Defendant for the claims asserted in this litigation.

  • If you received this notice, then Defendant’s records indicate that you are a member of the Settlement Class who is entitled to receive a payment or credit to your Account and/or forgiveness of Uncollected Retry NSF Fees.

  • The amount paid to each Settlement Class Member shall be calculated as follows: (Net Settlement Fund/Total Retry NSF Fees) x Total number of retry NSF Fees charged to and paid by each Settlement Class Member = Individual Payment.