Quote:
Originally Posted by Bill14564
I took the original post to mean he signed onto InvoiceCloud, selected the EFT (Check) option, but then input incorrect information for his bank account. It wouldn't be that the correct bank with sufficient funds paid the wrong InvoiceCloud account but rather InvoiceCloud attempted to retrieve funds from an invalid bank account.
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But, the penalty for paying the bill late is 5 percent of the bill, not $40. The $40 sounds like a bank fee for a bounced check. The OP said that there was sufficient money in the account to cover the check, but someone told him that the fee was for a transaction with insufficient funds in the account. Both statements cannot be true.
I think that, if the OP made a mistake, he/she should pay the fees and move on. Why should someone else pay for the OP's mistake? The bank has probably spent more than $80 handling the transactions anyway.