NSF cheque

[happymomma]

This happened to me (parent not daycare provider) for the first time ever a few months back. The parent always knows first. It was just a matter of forgetting to transfer money into our joint (bills) account in time (I have since set up a recurring monthly reminder). I was so embarrassed I called my provider and said I would bring the cash with me after work, plus any fees and an extra $10 "idiot" fee. She said it was no big deal, her bank doesn't charge her for NSF but I insisted. I was also charged $90 by my bank ($45 x 2 as my car insurance payment also came out that same day so I didn't catch it on time) plus my insurance company charged me a $40 re-processing fee. It was an expensive lesson. Just thought I would share an example from the parent side.

[playfelt]

This happened to me (parent not daycare provider) for the first time ever a few months back. The parent always knows first. It was just a matter of forgetting to transfer money into our joint (bills) account in time (I have since set up a recurring monthly reminder). I was so embarrassed I called my provider and said I would bring the cash with me after work, plus any fees and an extra $10 "idiot" fee. She said it was no big deal, her bank doesn't charge her for NSF but I insisted. I was also charged $90 by my bank ($45 x 2 as my car insurance payment also came out that same day so I didn't catch it on time) plus my insurance company changed me a $40 re-processing fee. It was an expensive lesson. Just thought I would share an example from the parent side.

This is exactly why my contract say responsible for any fees I incur as a result of the NSF cheque - so the parent would also be paying what I was charged for not having the money in my account like I thought I did. That can start to add up quickly.