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What else can I help you with?
What can happen if you overdraw a bank account?
You may be charged an overdraft fee.
Can a bank overdraw your account to pay their own charges?
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.
What happens when you overdraw a checking account?
When you overdraw a checking account, it means you have spent more money than you have available in the account. This can result in fees from the bank, a negative balance, and potential consequences such as account closure or damage to your credit score.
Is it possible to overdraw a checking account using a debit card?
Yes a lot of people tend to overdraw their checking account because they do not know how to balance their checkbook.
What are the advantages of a current account?
you can't overdraw e.g get into dept.
If someone owes you money and you have their bank account information can you pay a bill using their bank account?
No, you cannot. It is illegal.
Is it illegal to open a bank account with a false name?
yes it is illegal. but yet its not. because you are not putting your real name on the bank account but it is totally up to yourself if you want to get into trouble or not.
Can i open a bank account if I'm an illegal alien?
Yes.
Can you withdraw money if you don't have any in your account?
Yes. It is called an "overdraw". It is the banks money, and the bank will charge you an extra fee of anywhere from 10$-40$ every time it happens.
Is anyone else check your bank account?
No. Only an account holder can check his/her bank account. If anyone else gains access to your account without your written consent, it is illegal.
Is it illegal for a bank to reopen a customer's account without permission?
Yes
Can a bank close account with notice -?
Yes, if your account is involved in illegal activities like terrorist financing or money laundering etc. No, if your account isn't involved in any illegal activities.
