Is there a limit on how many times a bank can run an insufficient check through for payment and collect an NSF fee?
There is no Federal or State Law prohibiting the number of times a bank can return a check. The National Automated Clearing House Association (NACHA) Operating Rules prohibit the originating bank from re-presenting an electronic check entry no more than twice after the first return of a paper item, and no more than once after the second return of a paper item.
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- Is there a limit to how many times a bank can run an insufficient check through for payment and collect an NSF fee?
- Is there a limit on how many times a bank can run an insufficient check through for payment and collect an NSF fee?
