S&T Bank eliminates non-sufficient funds fee

S&T Bank will no longer charge consumer and business deposit account customers non-sufficient funds fees beginning April 3, 2023. An NSF fee, sometimes referred to as a returned item fee, was previously chargewhen a check, recurring debit card payment or automatic payment was presented against a customer’s account with insufficient funds available and was returned by the bank unpaid. S&T also introduces S&T $10 Cushion, a new overdraft assistance benefit. With the launch of S&T $10 Cushion, if a customer’s account is overdrawn by $10 or less after nightly processing, an overdraft fee will not be charged. In addition to these changes, S&T announced it will eliminate ACH return item fees, deposited return item fees and transfer fees when money is moved from a savings account or line of credit to cover transactions that overdraw an account.