this post was submitted on 19 Mar 2025
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It’s 100% automatic and electronically based. The marginal cost of processing any NSF is quite literally $0. Even at $10, it’s 100% profit to the banks.
Unsure if it has changed but in 2018 I was approving and declining transactions manually before 9:30AM that would go through accounts with insufficient funds. Any transaction I didn't have time to go through before the 9:30 cut off would auto NSF
Back in 2006-2008 my wife and I were in a tight spot, we were hit with NSF fees within seconds of going into the red. And this was at two of the big six, not some teeny-tiny regional credit union that still did a lot of things by hand back then.
So I don’t know where you worked, but I can ABSOULTELY GUARANTEE that none of the big six were wasting time and money having a salty bag of mostly water actually processing NSF determinations. Maybe you were rolling back fees on review, but not applying them.
Source: wife actually works at one of the big six, and even when she started working in the 90s, NSF fees were 100% automated.