2007-09-09 12:57:27 · 5 answers · asked by tangerine 1 in Business & Finance ➔ Personal Finance
In the US, you can NEVER go to jail for owing money. You CAN go to jail for intentionally overdrawing you account. That is called fraud or theft. Depending on the amount, how often you overdraw, and how quickly you make good on the overdraft, the bank may or may not seek charges. An occasional small overdraft is considered normal in most cases. That is why they have preset overdraft fees.
2007-09-09 15:35:58 · answer #1 · answered by STEVEN F 7 · 1⤊ 0⤋
Yes 25 to life!
2007-09-09 13:03:11 · answer #2 · answered by Flat_out_Bob 7 · 0⤊ 1⤋
depends,
If you accidentally got your account overdrawn and you have since corrected the problem, then no.
If you knew you were out of money in the bank, and you continued to write checks etc, then it is fraudulent, yes fraud, and you can go to jail.
2007-09-09 13:07:19 · answer #3 · answered by sandrarosette 4 · 1⤊ 0⤋
most likely not, I guess it depends on the situation, but you bank will probably cut u off before it gets to that
2007-09-09 13:11:50 · answer #4 · answered by God's favorite 6 · 0⤊ 0⤋
Yes, if you don't take care of it.
2007-09-09 13:05:08 · answer #5 · answered by Anonymous · 0⤊ 1⤋