Savings Account.....?

Question

Ive already asked this question, but i need to input more details..

So, i have a savings account.. And im -74.00.. but i call my bank and they say its pending and that their bank doesnt allow savings accts. to overdraw.. so i should be alright then? If not, Will the bank automatically draw out the -74.00 from my check thats direct deposited?

Answer 1

I dont understand, what is pending? If your savings account is over drawn then yes, what ever goes into it will first go to satisfy that, just like in a checking account. & yes, banks dont allow savings to do that, the only way is if a check you deposited, bounced & was taken out (ie... you have $20 in account & deposit $100 check. You also withdraw $50. your balance is $70 & the $100 check bounces a few days later $70-100=-$30).

Answer 2

Yes, they should.. If your bank does not allow overdraft on saving accounts, then as soon you/someone puts money into the accounts it will be used for the -74.00 you have.
Eg. you have -74 you put in 100 then you'll have $26.
However, its odd that the bank allowed your saving account to go into overdraft if they dont allow it. Look into with the bank and find out the terms of the account you have.