What happens if you do not pay the negative balance in your bank account?

Answer 1

if you don't pay the balance they(bank) closes your account for seven years, you will not be able to go to another bank either, its a pain in the ***! make arrangements with the bank to pay it off, don't ignore them

Answer 2

The bank will send you a letter asking for the balance, then another demanding the balance, eventually they will write off the amount you are overdrawn and close the account. At that point they'll turn your account over to a collection agency, and report it as a bad debt to the credit bureaus.

Answer 3

You get reported to a collection agency and your credit gets permanently marred. Even if you only make a $10.00 payment toward the balance, you should try and do it. This way, at least the records will show that you were making an attempt to pay. That will help your credit rating overall in the future. Good luck.

Answer 4

The bank will make you close the account out and it will be hard to open an account at another bank!

Answer 5

you will keepp getting overdraft fees until the bank sends the balance to collections. then you won't be able to open another account for 5 years after you pay the balance that was sent to collections.

Answer 6

Negative balance in bank account will not happen. Otherwise, we can have a negative MILLION!

Answer 7

Normally you won't be able to make any more purchases. The banks don't like that though.
Bad for your credit.

Answer 8

Pretty much the same thing that happens when you don't pay your bills. It will screw up your credit rating. Don't experiment and see what will happen, it isn't worth it.

Answer 9

It goes to collections, where they try to get the money from you, after that, it would be a debt on your credit rating.

Answer 10

The government officials will kill you.
Pay it now!