Returned NSF check fees listed by state:
Most are well aware of the fact that "bounced checks" incur bank fees. What is not always known or understood is that collection agencies can also tack on a fee when they collect bad checks. In the check collection industry this fee is known by different names. It may be referred to as the "returned check fee," a "bad check charge," the "NSF check fee," or "bounced check charge."
Collection agencies charge this fee to the bad check writers they collect from and it can help an agency create a hefty profit margin. Imagine a NSF check recovery service receiving an Alabama nsf check in the amount of $20.00. The collection company works to collect this amount PLUS $30.00 for the Alabama nsf check fee. They are successful and the collection service returns the full face value of just the nsf check back to the business ($20.00).
In this illustration the check recovery service may have invested one to two dollars (if that much) to collect the NSF check, but their profit was in excess of $25.00! When a nsf check recovery service begins collecting thousands and thousands of checks a year, their profits can add up fast.
If you are going to use a NSF check recovery service, ask what they do with the state check fee (this is one of the most important questions you can ask). Why use a nsf check colleciton service that will not share the nsf check fee with you on every collected check?
NorthStar shares the nsf check fee with businesses - receive 100% back on collected nsf checks plus a generous portion of the nsf check fee (25% of what is listed below). Best of all, with NorthStar NSF check recovery is FREE and you can sign up for its nsf check recovery service on-line!
NSF CHECK FEE SCHEDULE (these fees are subject to change)
|
Alabama |
$30 |
Montana |
$30 |
|
Alaska |
$25 |
Nebraska |
$30 |
|
Arizona |
$25 |
Nevada |
$25 |
|
Arkansas |
$25 |
New Hampshire |
$25 |
|
California |
$25 |
New Jersey |
$30 |
|
Colorado |
$20 |
New Mexico |
$30 |
|
Connecticut |
$20 |
New York |
$20 |
|
Delaware |
$25 |
North Carolina |
$25 |
|
District Of |
$25 |
North Dakota |
$20 |
|
Florida |
$25 |
Ohio |
$30 |
|
Georgia |
$30 |
Oklahoma |
$30 |
|
Hawaii |
$20 |
Oregon |
$25 |
|
Idaho |
$20 |
Pennsylvania |
$25 |
|
Illinois |
$25 |
Puerto Rico |
$25 |
|
Indiana |
$20 |
Rhode Island |
$25 |
|
Iowa |
$30 |
South Carolina |
$30 |
|
Kansas |
$30 |
South Dakota |
$30 |
|
Kentucky |
$25 |
Tennessee |
$20 |
|
Louisiana |
$25 |
Texas |
$30 |
|
Maine |
$25 |
Utah |
$20 |
|
Maryland |
$35 |
Vermont |
$25 |
|
Massachusetts |
$25 |
Virginia |
$35 |
|
Michigan |
$25 |
Washington |
$40 |
|
Minnesota |
$30 |
West Virginia |
$25 |
|
Mississippi |
$30 |
Wisconsin |
$30 |
|
Missouri |
$25 |
Wyoming |
$30 |