NSF Check Definition
A check becomes an NSF check (non-sufficient funds check) when an account does not have enough money in it to pay the promised amount.
NSF Check Extended Definition
NSF checks can create additional operating expenses for a business. Because it takes time to follow up with a customer and attempt to collect a payment, small business owners can minimize the risks of accepting NSF checks by instituting preventative routines.
Last Updated By
Christan Neff | Apr 17, 2023