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Do banks care if you overdraw your account?
9 Answers
- ?Lv 63 weeks ago
If you have a line of credit with them that will more than cover your overdraft, Im sure they do. The bank probably drools over any interest they can charge you.
- Girlie ElectricsLv 73 weeks ago
If you overdraw by 20, it's your problem.
If you overdraw by 2,000,000 it starts to become their problem
- Anonymous3 weeks ago
`No. They actually want you to overdraw your account as many times as you can. That way they get to fine you $50 for being stupid.
- Anonymous3 weeks ago
Oh shut up kswck2, you pretentious loser.
- ?Lv 43 weeks ago
Yes, they prefer it when you do especially when it is unauthorised as this increases their fee
- EvaLv 53 weeks ago
They care a LOT! If you do it too often, they will close your account without telling you. It's also very expensive. Overdraft fees add up quickly.
- 3 weeks ago
They don't care as long as you have a history of paying back the overdrafts and fees.