Common use of $35 Returned eCheck/check fee Clause in Contracts

$35 Returned eCheck/check fee. If a check or eCheck payment is returned for any reason, including an erroneously entered financial institution account number, the Licensee may be liable for the amount of the check plus a returned check fee of $35, plus any applicable Late Fee(s). Most Money Market Accounts and Lines of Credit do NOT allow eCheck transactions, and use of an invalid financial institution account may result in the $35 dishonored eCheck charge. This fee will be added to the Licensee’s student account balance and will be due immediately.