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overdraft on debt
yes, i have overdrawn on a debit cart, around 300.00 Idid not have any funds to cover these expenses. thought i did.The bank never said no and these were point of purchase. What can i do about this and are there any criminal charges?
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Maybe give some free advice about: Personal Finance?
Assuming you're in USA, what you need to do is get your bank balance back above zero, find out whether all of those charges were paid or whether any were from checks sent back or electronic funds transfers that were sent back, and pay any returned items before the merchants come after you.
Then you explain what happened to the bank's customer service department. Sometimes there are exceptional circumstances under which they will waive some of the fees. If not, you eat it. If you can't pay the $300 right now, you'll need to make arrangements with the bank to pay it off soon. Either way, you might consider asking the manager to set your account so that any transaction which would put you in the red will be refused automatically. That way you can't overdraft unless you write checks or have EFTs.
It sucks. Sorry to hear it.
Sabine
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You need to pay before the bank contacts collection agencies/follows through with a civil lawsuit. You can't be jailed for private debts, but you can certainly be sued.
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