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.