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Know anything about banks & overdrawing accounts?

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posted on May, 25 2015 @ 01:28 PM
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originally posted by: pryingopen3rdeye

plus overdraft fees put bad marks against your account.

banks keep record and statistics of everything including how often and average amount you overdraft, they use all these details to weight you a risk level, think 1 to 100. better your score the more they will allow you to overdraft, worse your score and they might not let you overdraft at all. they just decline the charge, so your main question of how come its less now is your bank has changed the score on your account to one of higher risk based on your treatment of the account.

you mentioned the idea of depositing a check in the account in order to fool it into thinking it has more money to let you withdraw, if you are talking about a fake check that will ultimately bounce then this is check fraud and is a crime dont do it




banks can of course choose to shut your account down at any time if they think your just to high of a risk, typically that comes after something like check fraud, or frequent card loss or things like that. but remember, banks MUST NOT allow any account to ever be overdraft for more then 60 days, its a law. if your account is overdraft for 60 days the bank will charge off the account, which essentially closes the account and puts it in collections, the banks usually try their own effort at collecting on it up to and after that time, few months down the line if its still not paid off they often send the debt to a third party collections company.

you shouldnt overdraft so often, makes you look bad in the banks eyes, when you go to see a personal banker one of the things they will check is how often you overdraft, the more frequent the less likely they will want to help you out.


This is all sound advice worth quoting for posterity, and I want to echo what Pryingopen3rdeye said about bad checks -- NEVER DO THAT. Fraud is fraud, no one is ever going to get off easy on writing bad checks, how many times do you hear about people getting arrested for doing that in any given year still? It's not merely a gamble, it's a matter of time before someone is caught, and it's not worth the felony afterward. Just. Don't. Do. it.
edit on 5/25/2015 by Nyiah because: (no reason given)




posted on May, 25 2015 @ 02:09 PM
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originally posted by: 3n19m470
Oh yeah, buddy. It works!
Usually. I never said it was the pinnacle of human wisdom. I just said it works, usually, if you really need some cash.


Robbing your neighbor also really works when you need cash..
Crime is crime and some of the ideas you have floated either are or border on on fraud.

Please tell me their isn't anyone on this thread that thinks or is supporting you in your horrible financial choice of overdrafting on purpose.



posted on May, 25 2015 @ 11:00 PM
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originally posted by: 3n19m470
a reply to: violet

Thank you, I think I will add window washing to my list of things I can do. I just did some yard work yesterday and was able to at least make a payment on our personal loan so they were satisfied that we came up with something for now.


Oh that's good



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