Returned Checks

Upon the return by the bank of any nonnegotiable check or electronic payment, your account will be assessed a nonrefundable service charge. Nonnegotiable payments for fees may cause termination of enrollment in addition to the service charge. The current service charge is $27.50 or 5% of payment value, whichever is greater, but not to exceed $250. The return by the bank of two or more nonnegotiable items will jeopardize check-cashing privileges and your credit standing with Indiana University.