My bank account is negative! please help?

Question

I go online and check my account status daily, it seemed ok, i continued to spend money on oil change, school books, all of a sudden, ive been negative and ive been getting charged a fee of about 32 dollars everytim ei used my bank card. im negative 147 dollars! my question is, can i talk to a bank manager to remove these fees because i didnt kno wi was negative???? is there anything i could do? shouldnt they maybe give people a call to inform them that they are negative????, an email at least?? i'm going to the bank first thing in the morning to attempt to fix this problem, what do you guys recommend i say to maybe get these fees removed???

Answer 1

No. There's nothing you can do. That's how banks prey on their customers to make a ton of money. You have to learn how to avoid these charges playing by their rules, or find a different bank with better ones.

Answer 2

Yes, there is something you can do and you said it. When you go into the negative, all checks and debits bounce. It is an endless cycle and the only way to stop that is to go to your bank and discuss it with them. A typical bad check costs the bank about 25 cents; yet they charge you upward of $29 or more.

A check goes from your bank to the federal reserve and is either accepted or rejected. There is no charge for this situation, although your bank would have you think so. If you go in person to the bank, they know you are serious about this dispute and will most likely help you, if you don't have a habit of doing this.

Be nice and explain that you weren't aware of the lack of funds and that it will not happen again. Face to face it is hard for the bank representative to deny your request. Politely ask that the charges be refunded to you as you know you have other options for your banking needs.

Answer 3

If you have internet access and a personal computer of your own, you might want to consider using internet bacnking in conjunction with one of the many software tools available to help you keep track of your money.

Most banks expect you to take some responsibility for having money in your account before you make a withdrwal, and to make proper arrangements before you have an overdraft. If your bank is any good, they'll be able to help you make a plan to get back on track, so you're not continually struggling to cope with all the fees.

Answer 4

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It depends really. You should go to your bank and see if they can help you out because continuing to keep your account in a negative balance will result in you incurring lots of hefty fees. My bank has a program to help out those who are substantially overdrawn. (Banks' see overdrawn accounts like an unsecured loan... and they will treat them as such.) We allow them to make monthly payments on the balance while keeping their account open. Your bank can choose to pay or return your uncollectible items. If they are returning your checks (transactions), then you could be in quite a bit of trouble. Your best bet is to go and speak to someone at your bank - explain your situation to them and ask for their help. More often than not, they will want to work with you to fix the situation - otherwise the bank will take a loss on your account and all that will happen to you is the negative balance will be turned into the credit bureau and you will be responsible for paying any returned items to the stores in which you wrote the checks. If you need any more advise, please feel free to email me.

Answer 5

it's up to you to keep track of your spending - sometimes charges take a day or 2 to show up on your acct so if you charged something last night for $100 and you checked your balance this morning and it says $50 - and you don't see the $100 transaction - you will be $50 in the negative when it hits - some banks may remove the fess ONCE if you're lucky

Answer 6

If you have had an established relationship with this bank and this has never happened before, you can plead with them to remove the fees.

Most likely they will not remove them all, but they can cut you break on it as long as it has never happened in the past.

If it has happened to you before then you might be screwed.

I hope you had over draft protection at least, so that the companies that you did bounce checks to will also not be looking to you for fees as well.

Sorry

Been there done that before. The bright side is that you will live through it and it is a hard hard lesson to learn.

Answer 7

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RE:
My bank account is negative! please help?
I go online and check my account status daily, it seemed ok, i continued to spend money on oil change, school books, all of a sudden, ive been negative and ive been getting charged a fee of about 32 dollars everytim ei used my bank card. im negative 147 dollars! my question is, can i talk to a bank...

Answer 8

The first time I was in the red due to an overdraft was also the last....24 years ago. After that, I never spent anyting without checking my account daily to know the balance. Online is even easier, so there's no excuse for racking up such a high negative balance in charges. These are entirely your fault, so pay up, and get smart.

Answer 9

Ummmm it is YOUR responsibility to only spend what is in there. No, they can't call you. Some banks do offer email alerts, but why do you need it? You need to write down what you deposit and not spend more than that amount.

You can't look at your balance online and assume you can spend it. What is a transaction had not cleared when you looked?

If you go ask for them to waive fees, you better come up with a more resposible sounding argument than, "I didn't bother to keep up with my balance."

Answer 10

The only reason you got these overdraft charges is because you have not been paying attention to what you are spending. It's important that know how much money you spend. There are many reasons why people get negatives/OD fees: they wrote too many checks and not check their balance (same with debit card).