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HiPNoTyQ
 
Can someone explain what a NSF return fee is?

So i just got my banking info today and my cards history is littered with dozens of "NSF RETURN FEE's" all amounting to 37.50 and it seems to be connected to paypal...wtf is this???? Is my bank charging me some huge ass tax to purchase stuff online?? They all add up to about $350!!!
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Last edited by HiPNoTyQ; 11-28-2007 at 08:29 PM..
Old 11-28-2007, 08:26 PM HiPNoTyQ is offline  
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Komataguri
 
http://en.wikipedia.org/wiki/Unavailable_funds_fee


I normally just hate posting links as answers, but any answer you'll get is basicly already covered on that page.
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Old 11-28-2007, 08:29 PM Komataguri is offline  
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bizzz111
 
paypal strikes again!!!!
Old 11-28-2007, 08:43 PM bizzz111 is offline  
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#3  

Dongboy
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your available balance (sometimes if your bank is nice it will be actual balance) was below zero when a transaction attempted to go through

you were returned a NSF fee and most likely the transaction was declined, the company making the transaction (paypal?) most likely then retried the transaction again and again each time most likely generating a NSF fee

NSF = non-sufficient funds

http://en.wikipedia.org/wiki/Non-sufficient_funds

FYI, on personal accounts it is the most common thing that causes a transaction to not go through (obviously this isn't important to consumer's, more so companies dealing with personal accounts)
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Old 11-28-2007, 08:49 PM Dongboy is offline  
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Feigned
 
Get a bank that has some sort of policy to charge you a smaller (usually) over-draft protection fee to avoid this fucking retarded way of revenue generation.

Aside from that, call your current bank and ask nicely if there's any way to have some of the NSF charges waived or written off. It can't hurt to ask. If they accept, get your account into good standing without any outstanding checks or charges coming it's way then tell them to eat a fat dick.
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Old 11-28-2007, 09:11 PM Feigned is offline  
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HiPNoTyQ
 
ohhh man this is terrible, thank god i caught it before it got worse
thanks for the quick replies guys
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Old 11-28-2007, 09:13 PM HiPNoTyQ is offline  
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joshiee
 
$37.50 isn't bad for a dozen NSFs.

WaMu charges $30 a pop?
BofA $33?
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Old 12-02-2007, 10:00 PM joshiee is offline  
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FBAnder
 
Quote:
Originally Posted by joshiee View Post
$37.50 isn't bad for a dozen NSFs.

WaMu charges $30 a pop?
BofA $33?

no kidding, most banks break out the anal probe when it comes to NSF fees and there is little to no mercy. $.80 NSF debit for that candy bar you bought at Walgreens...$35. Then they give you the line "We didn’t want to embarrass you at the checkout counter so we authorized the transaction". Granted, there is no excuse for not knowing exactly what is in your account(s) at any given time but there is no "convenience" associated with a $35 fee for a few dollar overdraft...just decline the damn transaction at the POS.

edit: IIRC, some banks will charge you their NSF fee every DAY your account has a negative balance.
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Old 12-02-2007, 10:07 PM FBAnder is offline  
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Regime|Life
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Quote:
Originally Posted by FBAnder View Post
edit: IIRC, some banks will charge you their NSF fee every DAY your account has a negative balance.

Jesus christ thats sick and disgusting.

At the bank I worked out it was 37.50 for every NSF cheque issued. Of course interest is charged on top of that. Usually if its your first time, go to your bank and they will refund you that, at least we did.
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Old 12-02-2007, 10:43 PM Regime|Life is offline  
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Quote:
Originally Posted by joshiee View Post
$37.50 isn't bad for a dozen NSFs.

WaMu charges $30 a pop?
BofA $33?
I think he meant they were 37.50 each and doesn't know what "amounting" means.
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Old 12-02-2007, 10:53 PM cromicus is offline  
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Stupendous
 
Quote:
Originally Posted by joshiee View Post
$37.50 isn't bad for a dozen NSFs.

WaMu charges $30 a pop?
BofA $33?

I just had my 1st one recently with BofA and it was $20.

Is it even possible to bounce checks any more? Or do they just overdraft and rape you now. I write 2 checks a month and had forgotten about one for $60. Check was cashed 2 weeks later and I had $59.50 in my checking. Fucking $20 fee for overdrafting $.50. Me = . Been thinking of calling them up and asking for it back since I'm a good customer with lots of moneys in savings and a heavily used CC.
Old 12-02-2007, 10:59 PM Stupendous is offline  
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Regime|Life
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Quote:
Originally Posted by Tiny Penis View Post
I just had my 1st one recently with BofA and it was $20.

Is it even possible to bounce checks any more? Or do they just overdraft and rape you now. I write 2 checks a month and had forgotten about one for $60. Check was cashed 2 weeks later and I had $59.50 in my checking. Fucking $20 fee for overdrafting $.50. Me = . Been thinking of calling them up and asking for it back since I'm a good customer with lots of moneys in savings and a heavily used CC.

Don't call them, go to a branch and speak to a teller. If they're not new, they will refund you it.

edit: just don't be a dick, be nice.
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Old 12-02-2007, 11:06 PM Regime|Life is offline  
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coalesce
 
Sounds like you're an irresponsible retard to acquire so many NSF fees. Banks will either pay the amount you were charged and hit you with the fee and call it a day or keep charging you for every day you're in the negative. It sounds like you continued to authorize multiple transactions on your account meaning you never once bothered to check your balance on your little shopping spree.

Go into the branch and ask that your overdraft limit be set to zero or removed (?). Basically, if you don't have the funds for the transaction, you deal with the "emberassment" of having your card denied and walk away without any fees. If you have a savings account with the same bank, ask if there's any sort of overdraft transfer service available, meaning if you overspend on your checking, an amount is withdrawn from your secondary account and deposited into your primary to avoid fees. Hopefully you're not crazy enough to get NSF fees on both accounts. -_-

If the overdraft was caused by a company messing up and withdrawing from your account accidentally, I believe you're suppose to call them and explain to them that you were overcharged and hit with fees and they might fix your situation themselves. If not, go to the bank and explain it to them.

Last edited by coalesce; 12-02-2007 at 11:39 PM..
Old 12-02-2007, 11:36 PM coalesce is offline  
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heh, you have less than no money at all
Old 12-02-2007, 11:40 PM explosivo is offline  
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tmoney1876
 
And you are being charged for not having enough money... kinda funny huh?

I overdrew one time because I ordered something online, and they didn't charge me until they shipped it. Unfortunately it was like 2 weeks before they shipped it. I checked my balance and went christmas shopping... then went and got some quarters *from my bank* to do laundry. It was my fault, but honestly, you would think that they would tell you if the transaction they are completing would cause you to overdraw...

Thankfully, they were nice enough to take all but one of the fees (the first one) off of my account.
Old 12-02-2007, 11:55 PM tmoney1876 is offline  
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