Chapter 1: Non-sufficient Funds (NSF) Flashcards
1
Q
Why does a bank returns a patient’s check?
A
Because of non-sufficient funds (NSF).
2
Q
What is Non-Sufficient Funds?
A
The patient didn’t have enough money in their bank account to cover the amount of check.
3
Q
When does most office will redeposit the check hoping to recover the funds?
A
The next day.
4
Q
What would the office should do when the bank returns the check a second time?
A
Should add the charge bank to the patient’s account with an explanation.
5
Q
What is an example of an explanation?
A
NSF check #2150 dated 06/12/XX.
6
Q
Does most practices charge the patient for any bank service fees incurred due to the returned check?
A
Yes.
7
Q
Accepting debit and credit cards in the office helps eliminate what?
A
Bad checks.
