Business Studies, asked by Sahana6258, 1 year ago

A check returned by the bank marked nsf means
A) Cheque has been forged
B) Cheque can't be cashed being illegal
C) There are not sufficient funds in your accoun
D) Bank can't verify your identity

Answers

Answered by Anonymous
1

D) Bank can't verify your identity

A cheque returned by bank marked "NSF" means that. A. Bank can't verify your identity. There are not sufficient funds in your account. Cheque has been forged.

Answered by psjain
0

NSF means Non-sufficient funds.

It is the term used in the banking industry to indicate that the bank cannot  honor the check of the entity  due to non availability of sufficient fund in the account of the issuing entity.

It  is often referred to as a bad check, dishonored check or bounced check. If the entity wish to encash  NSF check it can do so by paying a processing fee to the  bank or alternatively  the bank of the entity issuing the check will honor the check, and then charge an overdraft fee to the check issuer.

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