I'm a college student and i currently have $20.03 in my account and i want to withdrawl $20, will i get an Overdraft if i do that, even if i have 3 cents left in my account?
2007-12-11 05:35:05 · 4 answers · asked by Anonymous in Business & Finance ➔ Personal Finance
if you have a no fee checking account you will be ok -- read the details on the fees!!!
2007-12-15 01:14:44 · answer #1 · answered by Anonymous · 0⤊ 0⤋
if thats a checking account as long as you have atleast a penny you will be fine.
if that is a savings account then you are screwed they charge $5.00 per day on not maintaining a $300.00 mininmum
now overdraft means if you over buy like lets say you buy a $30.00 item and you purchased a $50.00 item they will get that extra money from your savings, checking or your credit card of the same bank. IF YOU Have an OVERDRAFT PROTECTION. Now, if you do not have that protection then you owe them the extra $20.00 plus and extra chard per day of $7 i think.
Now even if you did have and overdraft protection and lets say you spent $100.00 and you only have $20.00 on your bank account you are screwed because...overdraft protection is only good for $30.00 purchases only..you went way over the minimum coverage. get it?
this whole bank fees are bs.. they are lucky you are letting them hold your money.
2007-12-11 13:56:20 · answer #2 · answered by ALLELI 2 · 0⤊ 0⤋
no -- but the service fees on the account may overdraft you
2007-12-11 13:41:00 · answer #3 · answered by golferwhoworks 7 · 0⤊ 0⤋
Ask their customer service. It all depends on the type of account you have.
1.800.432.1000
2007-12-11 13:49:17 · answer #4 · answered by Thomas 3 · 0⤊ 0⤋