Understand Return Item Chargeback Meaning: Avoid NSF Fees Now
What is a Return Item Chargeback? A return item chargeback is a fee imposed by your bank when a check you deposited or wrote bounces due to insufficient funds (NSF – Non-Sufficient Funds) in your account. This is distinct from a merchant chargeback, where you dispute a purchase with a vendor. In a return item chargeback, the issue lies with your account's balance, not the transaction itself. It's a penalty for a failed payment, not a disputed purchase....