NSF

Non-Sufficient Funds

NSF refers to the status of a checking account that does not have enough money to cover a transaction. When a check or electronic payment is presented for payment but the account lacks sufficient funds, the transaction is declined.

NSF fees are typically charged by banks when a transaction bounces due to insufficient funds. On your bank statement, NSF transactions appear as returned items, often accompanied by a fee. This differs from overdraft, where the bank may cover the shortfall temporarily.

Related Terms

Overdraft

An overdraft occurs when withdrawals from a bank account exceed the available balance, resulting in ...

Balance

A balance is the amount of money in a bank account at any given time. Banks typically report both th...

Checking Account

A checking account is a deposit account held at a financial institution that allows withdrawals and ...

Available Balance

Available balance is the amount of money in an account that can be immediately withdrawn or used for...

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