When a check is returned by the bank for any reason, Banking and Merchant Services (BMS) will process a deposit reversal for the amount of the check and forward the returned check to the appropriate department. A returned check fee should be assessed by the department and payment to satisfy must be in the form of a cashier’s check or money order.
Each department will establish and maintain procedures for the collection of returned checks to include, but not be limited to, those outlined in this directive. The University Controller must approve any exceptions.
To comply with University of Florida Regulation 3.0022, Bill Paying, Returned Check and Electronic Transfer Items Service Charges.
All University departments.