If you don’t have enough money, don’t panic. Instead, follow the checklist below to make sure you solve all NSF issues:
Contacts affected by NSF
Pay the unpaid amount
Pay NSF check fees
save receipt
NSF-affected contacts: First, make sure you contact the data subject as soon as possible if you do not have sufficient funds. Explain that you know how and will do things right. This assures the person that you are not intentionally withholding their payment.
Pay the amount owed: Pay the data subject the amount you owe them. If your bank charges you an NSF fee, make sure you return the fee to them as well.
Pay NSF fees: If you don’t have enough funds, you may have to pay a fee to your bank. Check with your bank if you owe NSF fees. If you owe a bank fee, pay it immediately to avoid interest.
Save the receipt: If you don’t have enough funds or are having trouble making payments, document your proof of payment with your bank and payee. Request a receipt and keep it as proof of your payment.
Be sure to keep all NSF receipts in your records. In future disputes, use receipts to prove that you have resolved the issue with NSF.