Returned Item Fee definition

Returned Item Fee means any non-sufficient funds fee assessed to an Account Holder for check or ACH payments that were returned due to insufficient funds.
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Returned Item Fee. If we do not pay the overdraft, we charge a Returned Item fee for each check, item, or transaction that is returned or re-presented, as set forth in the Fee Schedule. There is no NSF fee limit, nor is there a maximum quantity of overdraft transactions we will POST- OR STALE-DATED CHECKS STOP-PAYMENT ORDERS Stopping Payment Requests: You may ask the Credit Union to stop payment on any check or ACH debit drawn upon or scheduled from your checking account. You may request a stop payment via Digital Banking, telephone, mail, or in person:
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Examples of Returned Item Fee in a sentence

  • If a payment received by Servicer is returned or rejected for any reason, all parties are liable jointly and separately for immediately reimbursing Servicer for all funds paid out and all costs incurred and fees assessed in the recovery of these funds including but not limited to Servicer’s Returned Item Fee plus 1.50% of the disbursement made to Payee per month from the date of payment to Payee until recovered.

  • If Purchaser is unable to withdraw amounts from a Bank Account for any reason, Customer agrees to pay Purchaser a $35 Returned Item Fee for each such occurrence as set forth in the Agreement in addition to all other remedies available to Purchaser.

  • If a payment received by Servicer is returned or rejected for any reason, all parties are liable jointly and separately for immediately reimbursing Servicer for all funds paid out and all costs incurred and fees assessed in the recovery of these funds including but not limited to Servicer’s Returned Item Fee plus 1.50% of the disbursement made to Lender per month from the date of payment to Lender until recovered.

  • At no time will the Returned Item Fee exceed the amount of the Convenience Check.

  • If we do return items, we also will charge you a Returned Item Fee for each returned item.

  • Customer authorizes Purchaser to initiate a separate debit to the Bank Account for the Returned Item Fee or to add this fee to a debit for a subsequent Daily Amount or Adjusted Daily Amount.

  • CUSTOMER agrees that the Returned Item Fee may be debited from CUSTOMER’s account or Settlement funds.

  • For any payment of services or charges provided herein, CUSTOMER agrees to pay PROCESSOR a Returned Item Fee of $25 or the maximum allowed by state law for such payment that is not paid by CUSTOMER’s bank upon presentment.

  • You will be charged a Returned Item Fee each time we return unpaid for a non- sufficient available balance an item that is presented for payment, even if that item has previously been presented and returned for a non-sufficient available balance and you were previously charged a Returned Item Fee for that return.

  • The amount of our Overdraft Item or Returned Item Fee can be found on the applicable Fee Schedule.