Is it illegal to make a purchase when you know your account has insufficent funds? Thanks.
2007-02-05 02:06:05 · 12 answers · asked by Anonymous in Business & Finance ➔ Other - Business & Finance
What if it is an emergency? An I will pay it back Friday. So wouldn't I just be leasing the money out. Thanks again.
2007-02-05 02:10:00 · update #1
Couldn't I argue a need of nessceity. Might be spelt wrong.
2007-02-05 02:13:43 · update #2
yes it is
2007-02-05 02:11:01 · answer #1 · answered by sammy 5 · 0⤊ 0⤋
It's not illegal, you will just get a bill from the bank for the amount you spent..plus overdraw fees. My bank charges interest every week until paid. You need to check with your bank
2007-02-05 02:10:09 · answer #2 · answered by Lolly07 2 · 0⤊ 0⤋
incorrect, some banks dont relay on the CHEX equipment, and some economic employer do no longer even document you to the credit Bureaus. each and every from time to time banks waiting you to go back economic employer and than once you opened an account with them, lets say 4 years later, they'll positioned up rigidity costs on your new economic employer account lower back from 4 years in the past. i do no longer artwork on the business employer, yet logically this making scenes, considering banks can in common words keep you in CHEX equipment for no longer than 7 years and than you'd be sparkling. yet somewhat only keep this debt continually and use their chance even as it comes.
2016-11-25 03:41:29 · answer #3 · answered by ? 3 · 0⤊ 0⤋
Yes. Writing a bad check is a crime. The amount of the check determines whether it is a felony or a misdemeanor. It is only a crime if it was done with knowledge of insufficient funds, however.
2007-02-05 02:10:23 · answer #4 · answered by David M 7 · 1⤊ 0⤋
I don't think its Illegal, but most the time your card won't work if there is no funds in the account. If it does work then it will just put you more negitive in your account.
2007-02-05 02:08:53 · answer #5 · answered by echc 3 · 0⤊ 0⤋
I keep $2000 in each of my checking accounts not registered so I pretend it isn't there in my totals. I then NEVER have an overdraft.
I AM MY OVERDRAFT PROTECTION !!
Learn this, live this and life just keeps getting better !
: )
2007-02-05 03:11:52 · answer #6 · answered by Kitty 6 · 0⤊ 0⤋
is not illegal because when you try to used the card
and you have insuffcients funds the trasaction wont go trough
and it will show decline
and if it happens it will do it only once
and you will get charge a penalty of $30.00
2007-02-05 02:13:08 · answer #7 · answered by Tavo1 1 · 0⤊ 1⤋
Yes it's a form of stealing. Its like going out and racking up your credit cards and then not paying for them. It is stealing if you can't pay for it.
2007-02-05 02:11:58 · answer #8 · answered by Anonymous · 1⤊ 0⤋
Yes.
2007-02-05 02:08:05 · answer #9 · answered by Anonymous · 0⤊ 0⤋
if u have an overdraft yeah but ya have to pay it bk in, its like borrowin off ya friend, but the friend is a bank, as long as u dnt leave it too long u'll b fine
2007-02-05 02:09:03 · answer #10 · answered by *sarah* 3 · 0⤊ 1⤋
yes, if you made a habit out of it you could get busted for passing bad checks.
2007-02-05 02:09:43 · answer #11 · answered by Munya Says: DUH! 7 · 1⤊ 0⤋