Click to return to BOL home page
Banker Store Read A Reg BOL Insiders Career Connect Learning Connect Bankers Information Network

Search BankersOnline
using Google

MAIN CONTENT 
Compliance

    Agency Road Maps

    Alphabet Soup

    Compliance Tools

    FACTA/FCRA

    OFAC

Lending

    FACTA/FCRA

    Lending Tools

    SCRA

Marketing

Operations

    Check 21

    Operations Tools

    SAR Resrch Guide

Security

    AML/BSA

    Bank Robbery

    Counterfeits

    ID Fraud/Phishing

    Security Tools

Technology/eBanking

    Info Security


SPECIAL AREAS 
BOL Archives

BOL Blogs

Briefing Archive

Calendar

Court Watch

e-Card Exchange

Examiner's Corner

Executive Briefing

HR Corner

Infovault

Launch Pad

Regulator Roadmaps

Risk Management

Site Map

Site Orientation

Top Stories


~ ~ ~
SERVICES 
CrimeDex

Em@il Education

ID Verification


~ ~ ~
SHOP 

Banker Store

Bankers Info Ntwk

CONNECT 

Career Connect

Learning Connect

Guru Central

INTERACT 

Ask a Guru
Bankers Threads

Contact Us

Give Us Feedback


TOOLS 


60 Second Solutions

Alphabet Soup

Banker Tools

BOL Forms

FUN 

BOL Recipes

eCard Exchange

LEARN MORE 


About Our Sponsors
About Us






Print Friendly! Email This Article! Discuss NOW!



Number of NSF Presentments Allowed

by John Burnett, BOL Guru
Guru Bio

Question:  How many times can a check be presented for payment after it is sent back NSF? I thought it was a total of three, but is that extended if the check is turned over to a collection agency?

Answer:  There is no legal limit on the number of presentments. There are a couple of rules, but they don't address presentment. One of those rules limits the number of times the Federal Reserve System will allow a check to be handled as a cash item through the Federal Reserve. That limit is two times. The National Automated Clearing House Association's ACH rules limit the number of times that an RCK entry may be used to collect on a bounced check. If the check has been returned once in paper or image form, an RCK can be used and resubmitted once if the RCK entry is returned. If the paper or image item has already been returned twice, the RCK may only be used once and if the paper or image item has been presented and dishonored three or more times, the RCK may not be used at all. None of those requirements prevent the use of other methods to present the check for payment. That could include other clearing houses (although they may also have limits) or direct presentment (bringing or sending the item directly to the bank to demand payment).

First published on BankersOnline.com 5/26/08






Privacy Policy    Disclaimer   Recommend This Site !   Contact Us


BankersOnline is a free service made possible by the generous support of our advertisers and sponsors. Advertisers and sponsors are not responsible for site content. Please help us keep BankersOnline FREE to all banking professionals. Support our advertisers and sponsors by clicking through to learn more about their products and services.