Can an NSF Fee Be Waived?

Business & Management
#1

Although bank rules differ, an NSF fee is sometimes forgiven after the fact—especially if it’s your first, or first in a long time, an encounter with one.
Call the bank’s customer care number and ask for a refund for a fee you were charged as quickly as possible. Any mitigating factors, such as a one-time delay in a regular direct deposit, should be noted. Due to the widespread disruptions caused by the COVID-19 epidemic in 2020—mail delivery was disrupted, individuals couldn’t access their banks, and many people lost their jobs—financial institutions have recently been empathetic, eliminating costs when asked.
However, you must inquire—few schools have a blanket policy of suspending all fees. If one customer service representative is unable or unwilling to assist you, ask to speak with a supervisor. You might be able to make the request in person at your local branch if you are able.