What is a chargeback and chargeback fee?

A check chargeback occurs when a check that was previously cashed or deposited into a Veridian account is later returned unpaid. This may happen for a variety of reasons, including non-sufficient funds (NSF), a stop-payment order, the account has been closed. When this occurs, the amount of the check is withdrawn from the Veridian account.

Please note that if a check is returned due to NSF, Veridian will attempt to present the check a second time.

If the returned check was used to make a loan payment, a $15 chargeback fee will be assessed.