Collect Extra Fee for Returned Checks

Collect Extra Fee for Returned Checks



Every time a resident bounces a check, it drives up your site's costs. The penalty fees charged for depositing bad checks averaged $28.95 last year—an all-time high, according to a survey published by http://Bankrate.com. Add to that staff time spent on collection efforts, the disruption in cash flow, and interest payments, and you can easily see why it's important to ensure that you are reimbursed for insufficient funds fees.

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