Credit Card | Return Check Fee
The lengthy procedures and all legal proceedings take a lot of time to be executed successfully. Anything can happen during that duration, your work may be impeded or can come across any default failure. Likewise, when you mail the check for your credit card payment and the credit card issuer submits the check to the bank, anything can happen.
Any error in your bank account can reject the check that can lead to the consequences where the credit card issuer will return you the check along with charging you return check fee. So, while dealing with bank matters, keep your eyes and ears open in order to avoid any extra charges.
Reason Of Payment Returned
There are few reasons that the bank returns your check. You might not have sufficient amount in your bank or your account has been closed due to some reason or your check has been cancelled. If unintentionally you enter your wrong details of the payment, While you are paying your amount online. The payment will not be proceeded but you would be charged a returned check fee.
Amount Of Return Check Fee
The amount of return check fee depends upon the credit card issuer. He may charge you up to $35 for the first returned check within a six month period. But if you have been missing a payment or had been charged another returned check fee then , you have to face the penalty, which can be a great amount charged on your credit card.
Do read the credit card terms and conditions properly for getting to know about the fee, penalties and charges imposed on what conditions. By knowing them, you can avoid such situations.
Avoid Returned Check Fee
You can avoid such situation to pay returned check fee by being extra careful and monitoring your account carefully. Before sending or mailing a check. Make sure that you have sufficient amount in your bank. Make sure about your checkbook that you have cleared all the transactions to clear your account.
While paying online, be careful in entering the correct information of payment. So that no hindrance can be faced in proceedings of payment. If the conditions persist, your credit card issuer can suspend the account.
If this has been for the first time, you can contact your customer service number to get the fee waived as a courtesy.
But, it is better if you pay attention while making online payments.
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