The Dangers of NSF Checks

Whether you run a small business or non-profit organization, or are in charge of a government agency’s finances, chances are you will run into NSF checks at some point. NSF stands for “non-sufficient funds,” and NSF checks occur when the person issuing the check does not have enough money in his or her bank account to cover the amount of the check. When a business or organization receives what will eventually be discovered to be an NSF check, the results can be disastrous.

First, when a business or organization receives NSF checks, it can throw their finances into a tailspin. Previously determined projected budgets suddenly need to be reworked, and current budgets may be impacted as well. Next, when you try to represent NSF checks to your bank, you will be faced with bank fees and valuable time lost away from your business. One thing to keep in mind, too, is that businesses and individuals only have a finite amount of times to represent a check to the bank. What this means is if you do not recover your rightful funds within a certain amount of attempts, not only will you be assessed bank fees, you will also never see the money that is owed to you.

Luckily, Global Check Recovery recognizes the dangerous situation businesses and organizations find themselves in as a result of NSF checks. At Global Check Recovery, our sympathy for people in these situations has helped us create our unique electronic check recovery service. Through this service, checks are represented to the bank electronically, and our state of the art technology allows us to time our representment in order to maximize recovery success. We also provide free online reporting so you can follow the progress in real-time.

Perhaps our best attribute, apart from our high success rate, is the fact that we perform our services at no charge. We do not require any service fees, membership fees, or even a minimum number of checks to be represented. This not only helps your business or organization avoid further financial frustration, but also helps you to carry on business as usual.

To learn more about our electronic check representment services or to begin recovering funds from your NSF checks, give us a call at 1-866-524-3339.

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