when your creditor charges a returned payment fee there s a very good likelihood that you ll incur an nsf fee from your bank as well 
special considerationssome institutions may waive returned payment fees in certain conditions for example they may waive the fee for a first time occurrence or for customers with accounts in good standing others may also waive the fee in case the consumer has a good reason why the payment was rejected it s always best to talk to your financial institution if there was a viable error for which you had no control a returned payment fee often comes along with late payment fees and interest if you try to pay your credit card bill at the last minute but your payment doesn t clear your monthly minimum payment becomes overdue and you will owe a late fee a few credit cards do not charge late fees at all or will waive the late fee the first time the customer has a late payment even if a late fee doesn t apply interest charges will almost always apply you may also be subject to an increase in your interest rate if your returned payment means you ve missed your minimum payment deadline your bank may also charge you an insufficient funds fee also known as an nsf fee for writing a check that didn t clear types of returned payment feescredit card companies generally have some of the highest returned payment fees in fact they can be as high as 40 to find out whether your credit card has a returned payment fee and how much it is check the card s terms and conditions returned payment fees are also charged by other creditors including cable subscription services cell phone companies and wireless service providers and gyms many contracts like car leases and financing may also outline returned payment charges 