An NSF (Non-Sufficient Funds) fee is a charge imposed by a bank when there are not enough funds in a checking or savings account to cover a transaction. It serves as a penalty for insufficient funds and can result in an overdraft or a bounced check. The fee amount varies by bank and can add up quickly if multiple transactions are attempted without sufficient funds.
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Emagia is a leading provider of AI-powered Order-to-Cash (O2C) automation platform that modernizes finance operations for midsize to large global businesses. Many global businesses and shared service centers use Emagia’s Enterprise Receivables Management System to transform to digital world-class operations in credit, invoicing and payments, receivables, collections, deductions, cash application and cash forecasting. Emagia solutions improve their customers DSO, cash flow, credit risk, operational cost, compliance and profitability.
