Management company to pay extra bank fees?

Started by WilliamS1 • 2 replies • 975 views

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WilliamS1 (South Carolina)
Posts: 113

Posted:

We recently had an insufficient funds bank charge of $35 because the management company had not confirmed the online transfer of funds. Should this be paid by the management company or by the HOA?

JonD1
Posts: 2,350

Posted:

In my opinion the management company.

And if the $35 fee becomes an issue with them perhaps that might signal other problems.

They failed to do their job they should want this to go away ASAP by paying the charge and moving on.

MaryA1 (Arizona)
Posts: 7,043

Posted:

William,

Normally and NSF charge is paid by the person who issued the check! IMO, neither the mgmt co or the HOA should be paying this charge.

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