Returned Checks
REG 07.55.4
Student Accounts
Authority: Vice Chancellor for Finance and Business
History: First Issued: January 2, 2002.
Additional References: University Cashier's Website
Contact Info: University Cashier's Office Director (919-515-6010)
1. Requirements:
All checks deposited through the University Cashier’s Office that are
returned by Wachovia Bank will incur a $25.00 return check fee. Once
the check has been purchased from Wachovia the face value of the check plus
the $25.00 will be charged back to the department’s account that original
deposit was made to.
We advise you pass this charge along to the payee upon collection of the
debt. You should publicize this charge on any policy and procedure manuals,
if you intend to reimburse your department for the charges.
Hopefully this will help discourage students/customers from writing insufficient
fund checks.
