2007-02-09 11:35:47 · 5 answers · asked by man_made_monster10 1 in Business & Finance ➔ Personal Finance
If you have checks for savings account, yes it could happen. If you transfer funds from savings to checking, yes it could happen. Anytime a routine register is not maintained on any type of liquid account such as checking,money market, savings, etc, it is almost a guarantee for an overdraft to occur.
2007-02-09 11:41:04 · answer #1 · answered by Joseph H 4 · 1⤊ 0⤋
Yes. The bank might let you immediately withdraw money from a check you deposited (especially if it's under $100). After you've already taken the money, the bank learns the check is no good and has to overdraw your account.
2007-02-10 19:07:52 · answer #2 · answered by Chris C 1 · 0⤊ 0⤋
If your bank chooses to pay the amount and the funds are not there. Then, YES you can be overdrawn in that account. Usually there is a 10.00 fee for this.(At my bank)
2007-02-09 11:52:51 · answer #3 · answered by stephanie 2 · 0⤊ 0⤋
yes you can especially if your checking account is linked to your savings account, so that the bank keeps withdrawing money from your savings account to cover the shortfall in your checking account plus of course their fees.
Your welcome.
2007-02-09 11:41:04 · answer #4 · answered by Akbar B 6 · 1⤊ 0⤋
YES
2007-02-09 11:43:15 · answer #5 · answered by NayNAe uChiHA <3 2 · 0⤊ 0⤋