(Amended 9/17)
Effective September 2017, this policy has been revised. For the most current version without redlining, return to V-4.3.
A service charge of $30 will be imposed for each check, ACH payment, or other draft tendered to the University which is subsequently dishonored or otherwise refused by the bank or other payer. Acceptance by the University of any check or other draft shall be only upon this condition, to which the person tendering the check or draft is deemed to have consented.
Any payment not honored and returned to The University of Iowa will be charged back to the account accompanied by a $30.00 returned-check handling charge, where applicable.