Insufficient Funds and Returned Item fees. We reserve the right to charge a fee for any item presented on a Business Day when your Account is overdrawn, whether or not we pay the item. If we pay it, we reserve the right to charge an Insufficient Funds Fee. If we return the item unpaid, we reserve the right to charge a Returned Item Fee (even if we later decide to pay that item after we had initially decided to return it). Refer to the SoFi Bank Fee Schedule for information about what fees apply and how fees are calculated for your Account. We may limit the number of fees we charge in a single day for multiple returned items.
Insufficient Funds and Returned Item fees. We will charge a fee during nightly processing for any item presented on a business day when your account is overdrawn, whether or not we pay the item. If we pay it, we will charge an Insufficient Funds Fee. If we return it, we will charge a Returned Item Fee (even if we later decide to pay that item after we had initially decided to return it). Special rules for everyday debit card transactions are described in the Electronic Funds Transfer Service Terms. Refer to your product information and Fee Schedule for information about what fees apply and how fees are calculated for your account. We may limit the number of Returned Item and Insufficient Funds fees we charge for a business day. For business accounts, we may charge interest on any amount you are overdrawn that you haven’t repaid promptly.
