Checks will be considered NSF/dishonored after they have been presented to the bank twice and are returned to St Cloud State University unpaid due to non-sufficient funds, closed account, stop payment, etc.
Dishonored checks will be backed out of the account to which they were deposited and the NSF fee will be charged. If the reversal of the receipt causes the account to become unpaid after the due date, applicable late charges will also be added to the account. (see Late Fee Policy)
The NSF fee is currently $20 and is subject to change without notice.
The cashier will process dishonored checks on the ISRS customer NSF screen and the general receipt NSF screen within ten days of the return of the checks. The original receipt is reversed and charges restored to the customer’s account. The NSF fee will be charged to the customer’s account. If the check is returned from a person who is not on the database, the individual or business will be added to the non-person table.
If the original deposit of the check was a receipt to a student account, the cashier will send a billing statement to the student at their local address. The cashier will also enclose a notice identifying the dishonored check, list any added fees, and request prompt payment.
If the original deposit of the check was on a general receipt, the cashier will send the department a copy of the returned check, and the department will be responsible for collection.
Uncollectible NSF checks are subject to University collection procedures.