155k views
5 votes
What type of fee is related to customers who do not have the funds in their

own checking accounts to cover the payment?

2 Answers

4 votes

Answer:

Mainly it is Non-sufficient funds, or insufficient funds.

Step-by-step explanation:

Checking account fees are amounts banks charge customers for certain transactions or for failing to maintain a specified balance.

Non-sufficient funds, or insufficient funds, is a banking term used to indicate that the checking account does not have sufficient balance to cover a transaction or payment. Having a non-sufficient funds situation can lead to penalties, a bad impact on one’s credit score, and a criminal liability.

User James Dube
by
4.2k points
2 votes

Answer:

nsf fee

Step-by-step explanation:

User Galatians
by
4.7k points