Questions tagged [nsf]
4 questions
3
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1 answer
Will you be charged any NSF fee for a declined online Debit MasterCard or Visa Debit transaction in Canada?
You open a chequing account with a Canadian bank: e.g. Simplii Financial or another bank. They ask if you want overdraft protection; you say "no thank you". They give you a Debit MasterCard or a Visa Debit card.
You go online and sign up for…
unforgettableidSupportsMonica
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2
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1 answer
Do online billpay/banking force NSFs (Not Sufficient Funds) when they can?
When online banking and payment systems first came out, I remember they used to have a lot of issues with giving indicators (visual/email payment confirmation) that a payment was 'locked in', but then due to delays/misreading etc. would end up…
Tipan777
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0
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1 answer
Why is a failed ACH payment more likely to trigger an NSF fee than a failed Visa/MasterCard debit payment?
Background information (you can skip this)
The average NSF (insufficient funds) fee in the US is $34. (Source.) Dipping below a zero balance can sometimes lead to hundreds of dollars in cascading NSF fees, which could then eat up some or all of a…
unforgettableidSupportsMonica
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-6
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3 answers
Why haven't government/banks acted to prevent money laundering and other scams?
I read about so many scams where people are given large cheques to deposit, and then asked to repay most of the money and keep a bit for themselves. The cheques then bounce, and the person is out the money that they "refunded".
Aren't there ways…
GentlePurpleRain
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