Go Back   AnandTech Forums > Social > Off Topic

Forums
· Hardware and Technology
· CPUs and Overclocking
· Motherboards
· Video Cards and Graphics
· Memory and Storage
· Power Supplies
· Cases & Cooling
· SFF, Notebooks, Pre-Built/Barebones PCs
· Networking
· Peripherals
· General Hardware
· Highly Technical
· Computer Help
· Home Theater PCs
· Consumer Electronics
· Digital and Video Cameras
· Mobile Devices & Gadgets
· Audio/Video & Home Theater
· Software
· Software for Windows
· All Things Apple
· *nix Software
· Operating Systems
· Programming
· PC Gaming
· Console Gaming
· Distributed Computing
· Security
· Social
· Off Topic
· Politics and News
· Discussion Club
· Love and Relationships
· The Garage
· Health and Fitness
· Merchandise and Shopping
· For Sale/Trade
· Hot Deals
· Free Stuff
· Contests and Sweepstakes
· Black Friday 2013
· Forum Issues
· Technical Forum Issues
· Personal Forum Issues
· Suggestion Box
· Moderator Resources
· Moderator Discussions
   

Reply
 
Thread Tools
Old 05-09-2001, 02:35 AM   #1
Nerd
Banned
 
Join Date: Mar 2001
Posts: 1,365
Default

What will happen? And I mean overdrawn by like 300.00?
Nerd is offline   Reply With Quote
Old 05-09-2001, 02:37 AM   #2
rlism
Golden Member
 
Join Date: Feb 2001
Posts: 1,461
Default

You get phatty fined? Your check will bounce?

How do you owe money on your checking account? Do you have overdraft protection?
rlism is offline   Reply With Quote
Old 05-09-2001, 02:38 AM   #3
Nerd
Banned
 
Join Date: Mar 2001
Posts: 1,365
Default

I'm not sure. You don't go to jail, do you?

I don't have enough to pay it back right now. I did something very very stupid and no i cannot correct it. I'll pay it back eventually, I mean, I know this will probably mess my credit up right now... damn, im FVCKED.
Nerd is offline   Reply With Quote
Old 05-09-2001, 02:39 AM   #4
mztykal
Diamond Member
 
Join Date: Apr 2000
Posts: 6,418
Default

How do you over-draw on a checking? If I don't got cash in mine it'll bounce and I can't use my check card. How in the hell did you do that?
__________________
The below smiley was updated on May 24, 2004 at 9:36pm PST.<BR><BR>
mztykal is offline   Reply With Quote
Old 05-09-2001, 02:40 AM   #5
rlism
Golden Member
 
Join Date: Feb 2001
Posts: 1,461
Default

You didn't deposit an empty envelope into the ATM did you? =P
rlism is offline   Reply With Quote
Old 05-09-2001, 02:41 AM   #6
Nerd
Banned
 
Join Date: Mar 2001
Posts: 1,365
Default

I have no clue man. But it overdrew, and the money went to my cc. Weird huh?

Oh well, as long as I don't go to jail. Can't have that happen to me. If it does mean I'll go to jail I'll friggn sell my rig real fast. I can get a good grand + for this rig.
Nerd is offline   Reply With Quote
Old 05-09-2001, 02:41 AM   #7
Nerd
Banned
 
Join Date: Mar 2001
Posts: 1,365
Default

This is my fault so please dont post "how stupid i am, and how much of a dumbass i am for overdrawing." I already know its my fault, Thanks guys. I just wanna know what are the consequences?
Nerd is offline   Reply With Quote
Old 05-09-2001, 02:41 AM   #8
pulse8
Lifer
 
Join Date: May 2000
Location: LA, CA
Posts: 20,860
Default

Some banks will cover the overdrawn amount up to a certain dollar amount. Then they subtract that from your next deposit. I don't think you can go to jail, but they can freeze your account and give you penalty fees up the asssss. It would also depend on how long you go without paying it.

David
pulse8 is offline   Reply With Quote
Old 05-09-2001, 02:44 AM   #9
Yo Ma Ma
Lifer
 
Join Date: Jan 2000
Posts: 11,635
Default

When you say you overdrew and the money went to your cc, do you mean your cc was charged for the amount short in your checking account? You might have your card linked which would be good, I'd guess you'll have to pay cash advance fees + the usual interest, but that is better than NSF fees.
Yo Ma Ma is offline   Reply With Quote
Old 05-09-2001, 02:44 AM   #10
rlism
Golden Member
 
Join Date: Feb 2001
Posts: 1,461
Default

You overdrew to pay off your CC? or you overdrew it and your credit card covered overdraft?

Don't worry, you probably won't go to jail unless you intentionally did something malicious. Most likely they'll just hold your account, reverse something, or just fine you.
rlism is offline   Reply With Quote
Old 05-09-2001, 03:17 AM   #11
Cooltech2k
Banned
 
Join Date: Feb 2001
Posts: 2,001
Default

Dude My Accound is in the negitives like every week. Nothing Really Happens except that You have to Pay it back before you can wright any checks or use your ATM Card.
Cooltech2k is offline   Reply With Quote
Old 05-09-2001, 04:12 AM   #12
Dameon
Banned
 
Join Date: Oct 1999
Posts: 2,117
Default

as an ex bank teller, Wells Fargo at least would do the following:

1) Original overdraft item - Fee ~$25
2) Additional overdraft items - Fee ~$25 EACH (better hope you don't have ALOT of checks outstanding
3) Over Five Days overdrawn in a row - account is frozen.

Repeat offenses start requiring NO CASH available from deposits. All deposits must clear before any cash can be removed. Meaning no or little cash back from paycheck being deposited. Checks overdrawn will be returned.

It depends on how long your account has been open, your average balance, and several other factors as to when the last items start kicking in.
Dameon is offline   Reply With Quote
Old 05-09-2001, 05:35 AM   #13
Emulex
Diamond Member
 
Join Date: Jan 2001
Location: ATL
Posts: 9,538
Default

if you stay overdrawn for say 3 weeks, the bank will close your account, and report you to "CHEXSYSTEMS". All banks use this credit reporting agency. You will never ever ever get another checking account at any branch that uses chexsystems until 5 years later.

__________________
-------------------------
NAS: Dell 530 Q6600 8gb 4tb headless VHP
KID PC1: Mac Pro Dual nehalem - 6gb - GF120 - HP ZR30W
Browser: Dell 530 Q6600 4GB - Kingston 96gb -gt240- hp LP3065 IPS - 7ult
Tabs: IPAD 1,2,3 IPOD3,HTC flyer, Galaxy Tab - all rooted/jb
Couch1: Macbook Air/Macbook White
Couch2: Macbook Pro 17 2.66 Matte screen - 8GB - SSD
HTPC: Asus C2Q8300/X25-V - Geforce 430- 7ult - Antec MicroFusion 350
Emulex is offline   Reply With Quote
Old 05-09-2001, 05:51 AM   #14
Suicidal
Banned
 
Join Date: Jul 2000
Posts: 840
Default

I just went through this. I moved and closed my checking account and i thought all my checks cleared before this but a few cleared after i closed. Now this wouldn't have been so bad had the bank let me know but since i moved they didn't get ahold of me until 3 weeks after this happened. I ended up paying 260 dollars for a 20 dollar check. Most banks charge you a daily fine.
Suicidal is offline   Reply With Quote
Old 05-09-2001, 06:41 AM   #15
kami
Lifer
 
kami's Avatar
 
Join Date: Oct 1999
Location: Canada
Posts: 17,581
Default

No jail for $300, but see if you can borrow some from someone and pay that back ASAP
__________________
3770k @ 4.4GHz, Asus P8Z68 Pro Gen3, 16GB DDR3-1600, Gigabyte Windforce OC GTX 780, Crossover 27QD 27" (2560x1440 IPS), Asus Xonar STX, 500GB Samsung 840 SSD, 12TB in storage drives, Corsair C70 case
kami is offline   Reply With Quote
Old 05-09-2001, 06:54 AM   #16
rc5
Platinum Member
 
Join Date: Oct 1999
Posts: 2,464
Default

Don't try it. It costs an arm and a leg. (sometimes)

My bank charges customers $29 for overdrawn, $29 for each check bounced back from overdrawn checking account and $2 every day before it's cleared. In addition, the credit company or whatever place got your bounced check may charge you $20-$29 for that. In summary, you may end up with hundreds of dollars fine if you are not careful.
rc5 is offline   Reply With Quote
Old 05-09-2001, 07:23 AM   #17
propellerhead
Golden Member
 
Join Date: Apr 2001
Posts: 1,160
Default

Go fix it. Pay whatever fine. If you ever need to get a security clearance for some cool hi-tech classified project, this will come up.
propellerhead is offline   Reply With Quote
Old 05-09-2001, 07:43 AM   #18
ChrichtonsGirl
Platinum Member
 
Join Date: Aug 2000
Posts: 2,454
Default

It depends on your past account history, but my credit union would have frozen the account already, meaning they won't process any checks at all until you make a deposit large enough to cover your overdraft. Assuming you do that soon, there may not be any penalty at all - they generally will tack on a bunch of fees and might make you link a savings account with overdraft protection to your checking account, but that'd be the worst thing they'd do if you paid it back.

If you don't pay it back, there's a good chance they'll use your driver's license number to prevent you from getting another checking account until you pay it. They may also take you to collections and obviously that wouldn't be good for your credit rating.

It really depends on your bank and what kind of history you have there. I've been a member of my credit union for a very long time and they'd be willing to cut me some slack because I've always been a good member who maintained a good balance and had several kinds of accounts. Bigger banks might not be as willing to work with you.

Either way, while it's not something fun to have happen to you, you're not going to go to jail, unless you're overdrawn because of some fraud, like check kiting. Even then, it'd probably be a misdemeanor, given the amount, so you'd get off with a fine and maybe probation.
__________________
I hereby sentence you to the wearin' of the green shoes.
ChrichtonsGirl is offline   Reply With Quote
Old 05-09-2001, 07:52 AM   #19
Keribeth
Senior Member
 
Join Date: Mar 2001
Posts: 441
Default

If it went to your credit card i dont think you have to worry about it other than paying off your credit card. thats what overdraft protection is for and you usually pay for this feature. Maybe you got it and didnt know? anyways, it dpends on the bank. i had a similar problem as suicidal..when i moved, i thought i had left plenty in the account, but some checks got cashed late. I only got one 25 dollar fee for 3 bounced checks. My b/f overdrew on a friday and couldnt make a deposit untill the next tuesday because monday was a holiday. His bank charged him 75 dollars ($25 per day).
Keribeth is offline   Reply With Quote
Old 05-09-2001, 08:01 AM   #20
tontod
Diamond Member
 
Join Date: Oct 1999
Posts: 3,212
Default

You definitely wont go to jail, but you'll pay some kind of fine depending on the bank's policy. Here in CT, I overdrew because I had automatic withdrawal from the gym I go to. I didnt realize it and one day I noticed I was in the red. I got a notice from the bank that because it was the first time it had happened they weren't going to charge me the $25 penalty. I made sure I made a deposit right away and I was fine. Didnt affect my credit rating. This was at People's Bank.
__________________
System rig
tontod is online now   Reply With Quote
Old 05-09-2001, 09:30 AM   #21
glenn1
Elite Member
 
glenn1's Avatar
 
Join Date: Sep 2000
Location: 20850
Posts: 14,719
Default

First thing you should do is call the bank and let them know what's going on. Just tell them, i messed up and overdrew my account, and it will probably take me a couple of weeks to get the balance back positive, but i plan to do just that. A little bit of honesty and being proactive goes a long way. If you get a sympathetic phone rep, they might even be willing to hook you up with a temporary fee waiver since you came to them to tell them what is going on. Just don't hide and hope that the situation goes away, because it won't....
__________________
“Light yourself on fire with passion and people will come from miles to watch you burn.”
― John Wesley
glenn1 is online now   Reply With Quote
Old 05-09-2001, 09:30 AM   #22
Static911
Diamond Member
 
Join Date: Nov 2000
Posts: 4,338
Default

how do i check my credit rating?/

static911
Static911 is offline   Reply With Quote
Old 05-09-2001, 09:37 AM   #23
Emulex
Diamond Member
 
Join Date: Jan 2001
Location: ATL
Posts: 9,538
Default

www.scorepower.com

$12.95 to get the score that all creditors use against you..

400-600 you suck.
600-650 is okay credit
650-700 is good credit
700+ is stellar credit.

__________________
-------------------------
NAS: Dell 530 Q6600 8gb 4tb headless VHP
KID PC1: Mac Pro Dual nehalem - 6gb - GF120 - HP ZR30W
Browser: Dell 530 Q6600 4GB - Kingston 96gb -gt240- hp LP3065 IPS - 7ult
Tabs: IPAD 1,2,3 IPOD3,HTC flyer, Galaxy Tab - all rooted/jb
Couch1: Macbook Air/Macbook White
Couch2: Macbook Pro 17 2.66 Matte screen - 8GB - SSD
HTPC: Asus C2Q8300/X25-V - Geforce 430- 7ult - Antec MicroFusion 350
Emulex is offline   Reply With Quote
Old 05-09-2001, 10:19 AM   #24
glenn1
Elite Member
 
glenn1's Avatar
 
Join Date: Sep 2000
Location: 20850
Posts: 14,719
Default



<< how do i check my credit rating? >>



Easy, and free if you do it the right way. Simply apply for a loan, a big loan, one that you know you'll get turned down for. Asking for a personal line of credit works well for this purpose. Whenever you are turned down for a loan and/or credit, you are entitled by law to recieve a free copy of your credit report (the one from the major 3, Experian, Equifax, and TRW).

Not only that, since the company that refuses your credit is obligated to pay for it, it's ideal for getting them to stop soliciting you... i don't get nearly as many of those &quot;here's a check for $50,000, just open a home-equity line of credit with us!&quot; Stupid idiots, my address, the one that you sent the solicitation to, shows that i live in an apartment..... needless to say, i haven't been accepted for one of those home equity line offers yet, but since i did do as they asked and applied (and was turned down), got a free credit report out of the deal.
__________________
“Light yourself on fire with passion and people will come from miles to watch you burn.”
― John Wesley
glenn1 is online now   Reply With Quote
Reply

Thread Tools

Posting Rules
You may not post new threads
You may not post replies
You may not post attachments
You may not edit your posts

BB code is On
Smilies are On
[IMG] code is On
HTML code is Off

Forum Jump


All times are GMT -5. The time now is 10:45 AM.


Powered by vBulletin® Version 3.8.7
Copyright ©2000 - 2014, vBulletin Solutions, Inc.