NSF Cheques
Policy No.: 2004-5
Supersedes: –
Effective Date: December 20, 2004
Approval By Council Motion No.: 5
Purpose:
To deter customers from repeatedly supplying the Town with NSF cheques. NSF cheques require reinstatement of taxes and reversing of bank transactions which takes up a considerable amount of staff time.
Definitions:
NSF means “no such funds”, or insufficient funds at the bank.
Policy Statement:
When a paying customer provides the Town with an NSF cheque on more than one occasion, the Town will no longer accept uncertified cheques from that customer.
