A returned payment fee, sometimes also referred to as a returned check fee, is a charge made by a credit card issuer if you pay your bill with a check or electronic payment from an insufficiently-funded or closed account. The returned payment fee applies even if you incorrectly enter your payment information by accident, as the payment will not process.
A returned payment fee could typically be as low as $25 or as high as $40, depending on the issuer. The fee may also vary based on how many times you’ve had payments returned, or your minimum payment amount. You’ll be able to find your credit card’s returned payment fee in your card’s terms and conditions document.
This answer was last updated on 05/21/24 and it was first published on 04/09/21. For the most current information about a financial product, you should always check and confirm accuracy with the offering financial institution. Editorial and user-generated content is not provided, reviewed or endorsed by any company.
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