Business, Management, and Financial

Returned Checks

The return of a check issued to Colby Community College will result in a $30.00 returned check fee for each returned check being placed on the account of the student on whose behalf the check was presented. Persons who submit checks to the college for payment that are subsequently returned for insufficient funds, stopped payment, or the inability to locate could have their semester classes voiced. A student who whose check is returned for tuition will be dropped from their class.

All returned checks are processed by the bank twice before deemed insufficient. When a check is returned by the bank, the Controller will contact the department or individual who accepted the check. That business unit or person will notify the student or individual first by telephone. If there is not reply within 24 hours, a registered letter will be sent to the person as notification of insufficient funds. If no action has resulted in 7 business days, the check will be turned over to collections. If the returned check was written by a student or on behalf of a student, that student’s account will be placed on hold until payment is made for the check as well as the returned check fee.

A person will be allowed two returned checks after which payment by check will not be accepted. Returned checks must be paid by cash, money order, cashier’s check or credit or debit card. The Controller will notify the appropriate campus personnel in written got not accept checks from students who have violated this policy.

[Added May 2015]
[Reviewed December 2020]