answersLogoWhite

0

Yes they can, but usually they won't charge you overdraft charges if the fees are causing you to overdraft.

User Avatar

Wiki User

17y ago

What else can I help you with?

Related Questions

What is the use of integers in real life?

Counting, checking your bank account what has been deducted, reading a weather report, or even when you check your weight. The integers are positive and negative numbers we use in life.


Does opening a checking account have a negative impact on my credit score?

Opening a checking account typically does not have a direct impact on your credit score. Checking accounts are not reported to credit bureaus, so they do not affect your credit score positively or negatively.


What banks in Cincinnati got second chance checking accounts?

Cincinnati Central Credit Union There are many banks that offer promotions for checking accounts for people with negative markings on their chexsystems report. A free consumer organization called "Bad Credit MD" has a pretty large list of them at http://www.badcreditmd.com/second-chance-checking-account/


How can a checking account be a liability?

A checking account can be considered a liability from the bank's perspective because it represents a debt or obligation that the bank owes to its customers. The bank is required to hold and maintain the funds in customers' checking accounts and make them available for withdrawal or use as directed by the account holder. Therefore, from the bank's point of view, checking accounts are liabilities on its balance sheet.


What credit do both persons need for a joint checking account?

Most Financial institutions open checking accounts through a credit bureau call Chex Systems, if your are not in their files for anything negative you will most likely be able to open an account.


Does closing a checking account hurt my credit score?

Closing a checking account does not directly impact your credit score because checking accounts are not reported to credit bureaus. However, if the account has a negative balance or is linked to an overdraft line of credit, it could potentially affect your credit if left unpaid.


What is the term used for a negative checking account balance?

"Overdrawn" is the common term used to describe a negative checking account balance.


When does 2nd Chance Checking happen?

An individual who was denied a standard checking account at a bank due to poor credit may sometimes be able to open a 'Second Chance' checking account instead. These accounts are generally worse than normal accounts due to higher fees, but they are an option for people who have no other way to open an account.


Where can I get a legit second chance checking account and apply on line?

There are many non-chexsystems banks depending on where you may live and those that offer second chance checking. There are many banks that offer promotions for checking accounts for people with negative markings on their chexsystems report. A free consumer organization called "Bad Credit MD" has a pretty large list of them at http://www.badcreditmd.com/second-chance-checking-account/


Does applying for a checking account have a negative impact on my credit score?

Applying for a checking account typically does not have a negative impact on your credit score. Checking account applications do not involve a credit check, so they do not affect your credit score.


Should Mr Medina come back and be your teacher again?

Negative, gone, but not forgotten!


How long will closed accounts remain on my credit report?

7 years from the DLA for "negative" accounts, and 10 years for accounts "in good standing".