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what happens if i overdraw a checking account at the atm wit

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what happens if i overdraw a checking account at the atm with key bank




fatb88
Posts: 218
Credits: 1591

Sub: #1 Won't the ATM say something like "Insufficient funds in your acc
Tue, 04/17/2007 - 15:44

Won't the ATM say something like "Insufficient funds in your account to process the transaction" , when the account is already overdrawn?




Bossy4455

Posts: 5855
Credits: 74303.05

Sub: #2 Don't know about that particuliar bank, but at mine we have acco
Tue, 04/17/2007 - 15:46

Don't know about that particuliar bank, but at mine we have account manager. It's actually an overdraft protection-but-if you do overdraw they charge you for it and it goes against your account. Check with your bank to find out the details..KAren




goudah2424

Posts: 7938
Credits: 122486.2

Sub: #3 You will most likely just be charged an overdraft fee. If this
Tue, 04/17/2007 - 15:48

You will most likely just be charged an overdraft fee. If this happens too much, your bank can elect to close your account and report you to chexsystems for account abuse.




Unregistered

Sub: #4 the account is 1200 dollars overdrawn I just didnt know if they
Tue, 04/17/2007 - 15:52

the account is 1200 dollars overdrawn I just didnt know if they can take you to court or jail?
Can you file overdrawn checking accounts in bankruptcy




Sassnlucy

Posts: 2697
Credits: 31714.103741266

Sub: #5 If you didn't do anything fraudulent such as depositing a blank
Tue, 04/17/2007 - 16:52

If you didn't do anything fraudulent such as depositing a blank envelope and telling the machine you put x amount of dollars in and then withdrawing cash, the bank wil not take you to jail. If you have written bad checks knowingly and do not make good on them, the places you wrote them to could prosecute for a bad check. Yes, you can file overdrawn checking accounts in bankruptcy. I did that when I filed my chapter 7 in 2002.




fedupinpa

Posts: 1512
Credits: 22475.25

Sub: #6 My bank would wrap you with overdraft fees quicker than you coul
Tue, 04/17/2007 - 17:12

My bank would wrap you with overdraft fees quicker than you could say overdraft fees. They have a collection department that would then be hounding you, I think eventually mine would take you to court. You should check you state laws.




finsfan13

Posts: 6933
Credits: 65210.65

Sub: #7 For $1200 I'm willing to bet they would be suing you if you don'
Tue, 04/17/2007 - 17:22

For $1200 I'm willing to bet they would be suing you if you don't make some sort of arrangements on that quickly. That's a pretty big overdraft amount. You should seriously consider talking to someone at the bank right away.




Sassnlucy

Posts: 2697
Credits: 31714.103741266

Sub: #8 Mine would charge fees as well. My credit union takes people to
Tue, 04/17/2007 - 17:23

Mine would charge fees as well. My credit union takes people to court if they do not pay off their negative balances. If the bank does charge off your account, call them and see if you can make payment arrangements with them. Last year due to pdls my account was overdrawn like $800 and my cu let me pay $100 a month till it was paid off. You can contact them ahead of time if you know you are not going to be able to make the balance positive and see if they can go ahead and make arrangements with you.




skippi
Posts: 81
Credits: 1314.25

Sub: #9 when I had those damn pdl's and they were killing my account, my
Tue, 04/17/2007 - 18:53

when I had those damn pdl's and they were killing my account, my credit union let me pay them without closing me out. Good luck. And please talk to your bank--they will help you out.




Sassnlucy

Posts: 2697
Credits: 31714.103741266

Sub: #10 My credit union was kind enough that when we got the negative ba
Tue, 04/17/2007 - 18:58

My credit union was kind enough that when we got the negative balance paid off, they allowed us to re-open the account. There is no way that would have happened had I not made arrangements and I was honest with them and told them the pdl's took all my money.




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