banking

What are insufficient funds?

 

What are insufficient funds?

The Bankrate.com financial term of the day is: "Insufficient funds."

"Insufficient funds" often means "embarrassment." It's a phrase used when there's not enough money in an account to cover the payment of a check or draft. The check might be returned, triggering a fee. And you'll have some explaining to do. You might also hear this referred to as "not sufficient funds."

She got a nasty note from her landlord and a hefty charge from her bank when her rent check bounced because of insufficient funds.

To find the best checking account, visit the checking and savings section at Bankrate.com.

 

advertisement

Show Bankrate's community sharing policy
          Connect with us
advertisement
CD & INVESTING NEWSLETTER

Learn the latest trends that will help grow your portfolio, plus tips on investing strategies. Delivered weekly.

Ask Dr. Don

Do savings bonds ever lose value?

Dear Dr. Don, If you own a 35-year Series I savings bond and have held it for 10 years, is it possible for it to lose value if you need to cash it in before it matures? Can the price actually go down at times? Thanks, ... Read more

advertisement
Partner Center
advertisement

Connect with us