Tuesday, June 10, 2014

HOW TO DEAL WITH NSF FROM A PAYING CUSTOMER


TO: __________

SUBJECT: DEMAND FOR PAYMENT - INSUFFICIENT FUNDS CHECK

DATE: _________

The electronic check that you submitted in payment of (invoice #) for the purchase of (description) has been rejected by your bank for insufficient funds. You must respond to this communication to make arrangement for payment of this demand by no later than 5:00 PM CST on ______.

Failure to do so WILL result in the following actions being taken immediately on _____ (the following day):

1. A CIVIL COMPLAINT will be filed with (the payment gateway). This will likely result in a suspension of your account until the matter is resolved, or perhaps permanently.

2. A CRIMINAL COMPLAINT will be filed with the office of your local District Attorney, which may result in a warrant being issued for your arrest. IT IS A CRIME in every jurisdiction of the United States to utter insufficient funds checks, whether paper or electronic.

I will be expecting to receive a telephone call from you at the number listed below by no later than 5 PM on _____.

----------

The email does serve one essential purpose, which is fulfilling the requirement for a formal demand for payment and demonstration of an attempt to collect the money. The laws in many jurisdictions require you to show that you've tried to collect the money before charges can be filed.

No comments: