Lost Stolen Checks NS Funds Procedure | BNK105

Lost Stolen Checks NS Funds Procedure

The Lost Stolen Checks NS Funds Procedure helps explain the procedures to be followed when a customer’s check is lost, stolen, or non-sufficient for payment. Lost/Stolen checks and Non-sufficient funds checks are vulnerable to loss and fraud both to the customer and the bank. Therefore, it is important to process these transactions carefully, in order to reduce these risks. This procedure applies to checking accounts and all personnel responsible for working with these types of checks. (6 pages, 824 words)

For lost/stolen checks, place the range of checks and a brief description on the customer’s account for six months. For a lost/stolen ATM card transactions, it is important to process them quickly to prevent loss and fraud to both the bank and the customer. With NSF checks, the decision to pay or return a check is made automatically based on information entered on the customers’s account.

Lost Stolen NSF Checks Definitions:

Non-Sufficient Funds or NSF- If the account balance is insufficient to cover the check.

Lost Stolen Checks NS Funds Procedure Activities

• Lost/Stolen Checks
• Lost/Stolen ATM Card
• NSF Checks

Lost Stolen Checks NS Funds Procedure Forms

• Lost/Stolen Form