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On-Us NSF

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Question: 
If an on-us check is presented to a teller either for a loan payment or to be deposited to another bank customer's account, can we return the check NSF (in the case of the loan payment) or charge back the depository account if the funds are not in the drawees account when the check is settled during nightly processing?
Answer: 

Yes, you can.

First published on BankersOnline.com 1/7/02

First published on 01/07/2002

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