STUDENT FINANCIAL SERVICES
Dishonored Checks and Electronic Payments
A dishonored check is a check payment returned by the bank to Florida Atlantic University, unpaid, for any reason. Stopping payment on a check is considered the same as a dishonored check. Check payments returned for any reason other than Invalid Account Number, such as Insufficient Funds or Stop Payment, will be assessed a service charge fee based on the chart below.
|
Up to $50.00 |
$25.00 service charge |
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From $50.01 to $300.00 |
$30.00 service charge |
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From $300.01 to $800.00 |
|
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Greater than $800.00 |
5% of check amount |
PLEASE NOTE:
Electronic check payments (WebChecks) returned due to entering an invalid account number will be assessed a $25.00 service charge fee.
Students may also be subject to cancellation of registration with fee liability.
Individuals who have given two or more dishonored checks will be placed on a money order, cashier’s check, credit card basis only for any subsequent payment of fees. A personal check will not be accepted to replace a dishonored check.
Notification will be sent to the student via mail to the address on record. Students with dishonored checks or students who are paying for a dishonored check have 15 days from receipt of notice to tender payment to Florida Atlantic University to pay the full amount of the dishonored check. A copy of the letter along with the returned check is kept on file in the Cashier’s Office.
