| Description |
This process is designed to maximize the University’s ability to collect Non Sufficient Funds (NSF) checks returned from its depository bank. Departments are ultimately responsible for follow up and resubmission of returned check once a resolution has been obtained. |
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STEP |
DESCRIPTION |
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1. |
Checks returned by the depository bank for non-sufficient funds (NSF), stop payments, or closed accounts result in additional service fees to the University. |
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Students whose check are returned by any Bursar’s Office for any of the reasons above will be assessed a return check fee as set by the Bursar. |
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Students with 2 (two) or more returned checks in a one-year period will not longer be permitted to present personal checks to the Bursar’s Office as a form of payment. Only the following will be accepted for payments: |
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Certified check |
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Currency or coin |
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Money Order |
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Credit Card – via Owl Net only |
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2. |
Each department is responsible, when appropriate, for collecting funds still owed to it when checks are returned for NSF, stop payments, or closed accounts. |
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The department also should access, when appropriate, a return check fee as set by the Bursar. |
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Departments should no longer accept checks from individuals or businesses with two or more returned checks in a one-year period. Only the following should be accepted for payments: |
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Certified check |
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Money Order |
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Currency or coin |
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Credit Card – via OwlNet only |
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