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Returned Checks
All
checks written to UNI, deposited to the bank and then returned for
“Non-Sufficient Funds” are redeposited with no service charge accessed
by the bank. If the check is returned to the bank a second
time, or the check is returned for “Account Closed”, “Payment
Stopped”, “Refer to Maker”, or for any other reason, the bank debits
UNI’s account, charges UNI a service charge, and returns the check
to UNI. UNI handles the returned check as follows:
- Students —Returned
checks written or cashed by currently enrolled students are charged
to the student’s e-bill if the department accepting the original
check is set up for E-bill charges. A thirty-dollar ($30.00) service
charge and the face amount of the check are charged to the student’s
account.
- Other —All
other returned checks are charged to the same departmental account
into which the funds were originally deposited. The university
account is not charged a service charge. Further collection attempts
are the responsibility of the department that accepted the check.
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