Membership and Program Fees Bank Draft Policy
February 7, 2020
Source: Vicky Kettner
Job Title: Marketing and Communications Director
Department: Marketing/Mission Advancement
YMCA of GREATER KALAMAZOO BANK DRAFT POLICY
Membership and program fees that are set up for automatic withdrawal will take place on the first of each month (unless members have made other arrangements.)
If the initial draft is rejected by the financial institution and is returned as Non Sufficient Funds (NSF), we will automatically re-draft a second time on the 10th of the month in order to collect the amount due.
If the second attempt is rejected by the financial institution as NSF, the Y will assess a $10 non-negotiable NSF fee to the member's account. This fee is in addition to any other fees the member's financial instution may assess for the same NSF draft.
If you have any questions about this policy, please email Jennifer Nardi at Jnardi@kzooymca.org or call 269.324.9622 ext. 413.