bounced check

These are commonly known as “bounced check fees.”

Many DDAs also offer overdraft protection which assesses a fee for a bounced check, but will still cash the check up to a certain amount.

Less than two years later, he faced another eviction lawsuit in a different apartment, when a landlord in the Sunnyside neighborhood in Queens said Mr. Santos owed months of rent and a fee for a bounced check.

Prior to the pandemic, banks collectively charged their customers roughly $15 billion in overdraft and bounced check fees, according to a bureau estimate.

However, Bank of America’s decision in January to eliminate non-sufficient fund fees — sometimes referred to as a bounced check fee — as well as cut overdraft fees to $10 is credited with shaking up the industry.