This would probably depend on the specific laws of the state that the bank account is in. If there are no heirs, then I don't know where the bank is going to get the money to pay the charges. Most states require debts (overdrawn charges would be a debt) to be paid by the "estate". If there is no estate, and no one else who agreed to be responsible for the decedent's debts, there is probably no way the bank will be paid back. The debts die with the debtor. Again, it depends on the specific state you are in as well as the size and content of the decedent's estate and whether anyone else might be considered responsible for the decedent's debts, ie cosigner on a loan.
Bank overdraft charges are the result of someone spending more money than they have in their bank account. The bank then charges interest on the overdrawn amount.
TOD is an acronym that many banks use that means Temporary Overdraft. This happens when an account does not have enough money. The account will then be overdrawn.
You overdraw your bank account by 100 currency units. What is your bank balance? That is, before the bank slaps on a overdrawn penalty, an interest charge, a charge to write to you to inform you that you are overdrawn, and quite possibly, a charge to tell you that you are now even more overdrawn than you thought because of all these charges!
In principle you can; you can get a cash advance from a credit card and use that to pay off the bank account, the problem is that the interest from the credit card is likely to be higher than the bank charges. It's probably best to try and arrange a loan with the bank.
The term "charge off" is used when a company or creditor clears a persons account due to lack of payment at loss to the company. No further charges can be applied to the account.
No. Only the account holder is responsible for repayment of debt incurred on a credit card. An authorized user is not responsible for repayment, but in this case if the now deceased AU continued to use the account after the death of her mother (the account holder), the AU's estate might be responsible for any charges made under such circumstances. In any event, the surviving spouse is NOT responsible to repay the CC debt.
IF you think you have rogue charges on your account - contact your bank and have them (a) stop the transactions, and (b) investigate why these charges are appearing.
It Depends: Yes - If you have a valid overdraft account with the bank and you currently do not have enough balance in your account to pay for bank charges No - If you do not have a valid overdraft account with the bank.
interest charges
Email has always been a free service bundled into your computer timesharing account charges or your ISP network account charges.
Folio charges or service charges are account maintenance fees. Folio charges are usually charged to customers of a financial institution on an annual basis.
If he is not on the account he is not responsible for the debt, even if he made charges. If the charges were made without the consent of the account holder he could be guilty of a fraudulent act. Whoever's name is on the account is the one who owes the debt.