What should i do if i over drew on my bank account?

Question

I over drew twice, and i now owe the bank 70 dollars. I heard if you called and complained then they would cancel. Or maybe i could cancel my account and not have to pay it? any ideas or anyone with experience will help

Answer 1

I work at a bank... you definately don't want to cancel the account. First of all, to close it you have to pay it. Secondly, if you don't pay it, you'll probobally be charged additional fees until the account is force closed and goes to collection. If that happens your ss# and name are entered in a nationwide system and you won't be able to open another account at any bank in any state. Your best bet is to go into your bank and ask to speak with the manager. Be very very nice and explain that you are now aware of your mistake and it won't happen again. If you're lucky he/she will waive at least one of the fees as a courtesy. And if you're not sure why you got charged, ask them to explain it to you so you won't overdraw again.

Answer 2

You can cancel your account but you will still owe the money and they'll eventually send you to collections to collect it.

You can call the bank and plead stupidity or insanity or whatever you want. Sometimes they'll waive the fee. If you've bounced checks in the past, chances are they won't. You won't know until you call and ask.

In reality, you bounced the checks so you owe the money. The bank might be nice and waive the fee or they might just tell you that you owe it.

Answer 3

They only reverse charges like that in rare cases. Unfortunately there's not much you can do other than put money in to clear yourself. My bank account is linked to a credit card so when I overdraft, they transfer the difference from my credit card to my checking account. Now, this won't help you if you max out the credit card like I did, but it's a good alternative to those pesky $30.00 charges each time you go over.

If you cancel your account you'll still have to pay. And they'll hunt you down until you pay it.

Answer 4

If you don't regularly overdraw your account, you may be able to get the charges refunded as a goodwill gesture, but they are under no obligation to refund the charges. If they won't, chalk it up to a life lesson, pay the $70 and keep better track of your finances in the future.

Answer 5

You're at fault as you overdrew your account. Not once, but twice. You knew there would be charges if you overdrew your account yet you still used your own free will to overdraw. Consequences for the actions mean you owe them their due. Pay what you owe, learn your lesson and don't overdraw again.

Answer 6

Pay the $70 if after you talk to them they will not do anything for you....

THEN put extra money in ALL of your accounts but do not register it in the amount column. You can write yourself a note about it for when you do your monthly balance but consider it money you do not see & cannot spend. It will just sit there as back up in case you mess up. Now it is up to you to not mess up ANYMORE !!!

I keep $2000 unregistered in ALL of my checking accounts for back up in case I make mathmatical error. I had an overdraft many MANY years ago and it will NOT happen again !!

: )

Answer 7

call the bank and talk to them about it and get you ledger figured out.. they might cancel the overdraft charges but you will no matter what have to pay them what you are overdrawn. If you close you account you will have a collection agency collect it for them..

Answer 8

If it's the first time you ever did it they will forgive you for one of the charges... but go for both of the charges first