Friday, January 3, 2014

January 3 - Online Discussion Question 3

What is NSF? How does a NSF occur and what are the penalties involved?

11 comments:

  1. Non safishent fund and this occurs when you over use your bank accounts. This is close to a bounced check. The penalties are quite large. The bank takes money from your account to dip into your savings.
    Adam

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  2. NSF stands for "Not Sufficient Funds." Simply put, this means that you do not have enough money. Usually, this happens when you overdraw your checking account or debit card. You will be forced to cover the negative dollar sign in your checking account with money from your saving account. On top of that, you'll be pretty embarrassed.

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  3. non sufficient funds, this happens when you try to buy something when you don't have any money in your account, the bank usually charges you a bunch of fees and penalties

    travis

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  4. non sufficient funds and the bank takes money from your account and charges you with fees.

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  5. NSF is Non-Sufficent-Funds, meaning you don't have enough money. It also means that you've used all your money and then some from your checking account and/or debit card. Then you'll owe money from your savings account, therefore the funds are for funding the money you owe to your checking account.

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  6. It stands for "Non Sufficent Funds." It means that used money that you didn't have out of your account. The bank charges you with fees and takes money out of your savings account.

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  7. NSF stands for "Non Sufficient Funds." Checks will bounce and you'll have to deal with that embarrassment as well as the fees and penalties that will come from the bank. Because you don't have enough money in your account, money will be taken from other accounts or you'll just be charged with a certain amount for the penalty.

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  8. A NSF is a non-sufficient fund. It occurs when the bank accounts are overused. The penalties involved include embarrassment, money being taken from the savings account to pay off the negative numbers, or being charged a certain amount for the penalty.

    Autumn

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  9. Non-Sufficient-Funds. Its when you overdraw on your account and the bank takes money from you and charges you with fees.

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  10. Non Sufficient Funds means that you didn't even have the money that you used. The bank will take your money and make you pay large fees.

    eyezik

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  11. NSF- (non sufficient funds) Don't have money that you had before and the bank make you pay large fees and takes your money.

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