I was given a atm debit card at 17 and I was suppose to be 18 and accumalated a bill.is my bank responsible?

Question

I was given a atm/debit card by Charter One Bank at age 17 and the age requirement was 18.I've accidentally overdrawn out of my account and accumulated a bill of over $300,was unable to pay it and it's been sent to collections.I'm 18 now.But the entire purpose Banks set these age requirements is because of the responsiblity that comes along with managing a Atm/Debit card.Which I admit.I wasn't responsible enough to handle and wasn't aware of how you can overdraw your account.So basically my question is.Can my bank be held responsible (similar to how a liquor could be held responsible for selling aclohol to a minor and they go out and get into an accident killing someone)would a court of law force them to waive the fee or even pay me damages for the trouble?

$180 was diposited into my account I was.it was also posted in my balance.but in reality it wasnt.I withdrew $180 thinking it was my $180 but I was actually overdrawing $180 from the bank money and when my money was actually put into my account.I was thinking it was just extra money in my account.and of course after the fees and charges.the amount basically doubled.and by the way I never intended on my parents paying the bill.and its not the amount its the principle and the circumstances.

I didnt lie about my age i couldnt have,they had my I.d,social,and everthing.in fact.I never even asked for the card or a checking account for that matter.I just wanted to be able to put money in and take it out.

If they would have never given me the card.none of this would have happened.Im not saying that I didnt do anything wrong,But Just as a Gun Store or a Liquor store sell to minors illegally and something bad happen as a result.I believe that they are ultimatley responsible.And I am aware that these are set laws against comapared the Company Policies but when they register those policies,rules and requirements.those are the ones they have to follow.just as a law.so it can also work in a disadvantage for them.Would some one be a little more open minded here with me.This is more then just $300.If i had Bill Gates money,i would still question these charges.This is about Corporate Big Heads getting over on people and getting away with it.How do we know if they arent just handing out cards to 10 year olds he doest even know what a checking account is.think about it.

Answer 1

Usually you need to have a parent or other co-signor to get an atm/debit card from a bank if you are a minor. I am not sure that there is any legal requirement for you to be above the age of 18 to have an ATM or debit card. I believe that you will be legally responsible for the overdraft fees and late fees, so you might as well pay them and take away a costly lesson.

Answer 2

If it's your social security number on that card, then it's your responsibility. Don't screw your future and credit up over $300.00.

Kids are also punished for having alcohol, so your comparison, while tempting, just doesn't hold water.

The bank isn't going to get in trouble. But you have a lot more to lose with a bad credit rating at an early age.

Answer 3

Are you serious? You go out and run up a bill and then actually think it’s your bank's fault/responsibility to pay it? And on top of that, think that they might have to pay you 'damages' for your 'trouble'? Get real. You STILL have A LOT of growing up to do.

You're responsible for the debt and any fees associated with it. Pay it.

EDITED TO ADD THIS AFTER YOU ADDED ADDITIONAL DETAILS:
“its the principle”? Please. That’s a load of crap. If you honestly believe all this stuff that you’re spewing, then your IQ is not very high. And I don’t for one minute think that your IQ is that low. You are just attempting to shift the blame and avoid responsibility for your actions. What--you REALLY thought that someone/the bank just ‘gave’ you $180 extra dollars? Don’t we all wish things like that happened.

You would be laughed out of court with this argument (plus have to pay court fees!). Give it up.

Answer 4

Accidently overdrawn your account?

Time to learn a life lesson here kid. Grow up, take responsibility for your actions. Pay what you are supposed to

It won't take you that long to work off $300. Just pay it

As to your question, where did it say that you have to be 18 to get an ATM card? I got an ATM card when I was 15

Answer 5

Nope. It's your debt. Somewhere along the way either you said you were 18 or you had a parent's permission.

The liquor store is dealing with laws against selling alcohol to minors. The bank is dealing with their own policies, not a law.

Answer 6

if you're smart enough to know the age requirements then you're
smart enough to pay back. you owe. stop trying to get over pay them back before they ruin your credit and you will never be able to open a bank account. your argument as compelling as it may be won't hold water in court. they will go after your parent or guardian for the money.

Answer 7

It is your bill. why should mom or dad have to pay it. If you try to get out of it on a technicality the bank passes the bill on to every other customer through fees. Forcing my mom to pay your bill? you should be ashamed

Answer 8

you knew how old you were....you spent the money.....you activated and signed on the dotted line.....this is your problem, not the banks.....theyve passed it on........