Non-Sufficient Funds Fees & Overdraft Protection

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Presentation transcript:

Non-Sufficient Funds Fees & Overdraft Protection NSF & ODP Non-Sufficient Funds Fees & Overdraft Protection

N on S ufficient F unds

NSF is the ____ the bank _____ the issuer of a “___” check. So what is NSF? NSF is the ____ the bank _____ the issuer of a “___” check. Hmmm… “bad” check?

The fee the _____ charges the depositer of a bad check Returned Check Fee The fee the _____ charges the depositer of a bad check

What is Overdraft Protection? (ODP) ODP is a service to AUTOMATICALLY transfer AVAILABLE funds from a linked account to cover purchases & prevent RETURNED checks & DECLINED items when you don’t have enough money in your CHECKING account at the time of the TRANSACTION. _______________ __________ ___________ _________ ___________ ______________

Enter Debit Cards

How does ODP work? You link a SECONDARY account (SAVINGS ACCOUNT, other checking accounts, CREDIT C or line of credit) to your primary CHECKING ACCOUNT& money is TRANSFERRED to cover costs when you don’t have enough money in your account. ___________ _________ _________ ____________ ___________________ ______________

Insufficient Funds Picture Chart