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#2061343 - 01/29/16 08:40 PM Service Charge for returned NSF ACH
Bec Offline
Diamond Poster
Bec
Joined: Jul 2010
Posts: 1,114
The Great White North
Hello all,

For consumers, we have a form that we use if they would like to initiate a one time or recurring ACH transfer. On this form, it states that the customer agrees to have sufficient funds in their account on the designated effective date in order to complete the transaction. They further understand if the transaction is returned NSF, a $5.00 service charge will be assessed to their account and the transaction will be automatically terminated.

My question: Are we allowed to charge the $5.00 return service charge?
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Operations Compliance
#2061394 - 01/29/16 10:46 PM Re: Service Charge for returned NSF ACH Bec
rlcarey Offline
10K Club
rlcarey
Joined: Jul 2001
Posts: 80,341
Galveston, TX
What you can and cannot charge is a matter of State law.
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The opinions expressed here should not be construed to be those of my employer: PPDocs.com

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