804.5 Returned Check Fee
Section 800: Financial Affairs
Effective: October 1, 2007
Revised: April 2016
Last Review: April 2018
Next Review: April 2020
Responsible Party: Vice-Chancellor for Finance and Administration
Policy:
Each unit of the Montana University System is authorized to charge fee of $20.00 for each check which is returned by a bank for insufficient funds. (MUS Policy and Procedures Manual Section 940.15)
Procedures:
- A $20.00 service charge will be collected by MSU-Northern Business Services for each check which is returned by bank for insufficient funds.
- This charge will apply to students, faculty, administration, and staff.