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Guest

my bank account has been negative for about a month now. i don't want to go to jail over it. thanks.

Posted: Mon Jun 23, 2008 9:39 am Subject:

No you can't go to jail for your bank account being overdrawn. It would be in your best interest if you could work something out with that bank before they report you to chexsystems, where your name will remain in their database for 5 years. This will make it difficult for you to open up a new account somewhere else.

Other's will be along to advise you further.

Posted: Mon Jun 23, 2008 9:40 am Subject:

No you cannot go to jail. I know that if it is over thirty days and depending on the amount, they will close it. Also the bank may report you to Chexsystems or Scan. This will affect you in opening other accounts at other banks. Who do you bank with?

Posted: Mon Jun 23, 2008 10:01 am Subject:

It would also depend on the reason it was overdrawn - If it was fraudulant acitivity on your part then there is the possibility of charges being brought.

Guest · Posted: Mon Jun 23, 2008 10:02 am Subject:

what would fraudulent activity be. this is from payday loans that keep hitting my account.

Guest · Posted: Mon Jun 23, 2008 10:03 am Subject:

wells fargo

Posted: Mon Jun 23, 2008 10:12 am Subject:

Wells Fargo is a tough bank. I am surprised they have not closed the account yet. Why have you not put ACH Block on PDLs. Also if you go in and talk to the branch manager and explain the situation I think they might help you out. They may be able to close it, and work out payment to them directly. It is worth a shot. Has it been overdrawn 30 days straight?

Posted: Mon Jun 23, 2008 10:20 am Subject:

Wells Fargo closes the account after 45 days in the red.

What I meant by fraudulant activity, is like writing checks knowing you don't have the money in the account, or ATM fraud (putting an empty deposit envelope in the ATM) etc . .

Payday loans would not be fraud.

A word of caution, WF is hell to deal with. They will not put an ach block, and they won't do much to help you.

I had an account there, and my purse was stolen. I went into the branch, talked to the manager, and had new accounts opened. Well, a bunch of transactions (not mine) still went through on the old account. As they were not mine and my info had been stolen with my purse, they reversed the changes and nsf fees. But they couldn't close the account until it had been negative for at least 2 days, and any new transactions would force it back open. This went on for a month, fraudualant charges being reversed as well as nsf fees.

Finally, loss prevention saw the account. They thought I was working with the branch manager to fraudulantly get all the nsf fees reversed. They closed my good account, fired the branch manager, and reported me to chexsystems for fraud. Nice bank.

Posted: Mon Jun 23, 2008 10:33 am Subject:

They reported you for fraud? Did you get that sraightened out?

Posted: Mon Jun 23, 2008 10:41 am Subject:

Yep, I have heard many horror stories about WF. They are absolutely difficult to deal with. On the other hand, I think it is best "Guest" tries to pay off negative balance. That will be difficult if the PDLs keep hitting his account and NSF fees are incurred. Wells Frago has to do something, don't you think?

Guest · Posted: Mon Jun 23, 2008 11:05 am Subject:

well as long as i cant go to jail. probably just grab a part time job and just pay it off that way.

Posted: Mon Jun 23, 2008 11:07 am Subject:

Great effort! Best of Luck toy you! Razz

Posted: Tue Aug 05, 2008 11:23 am Subject: Found this older post

I have to give credit where credit is due. It seems like I have read alot of bad things about working with Wells, so I was scared when I went to take care of my account. The branch manager there put a hard debit block on my account (no questions asked) and called me every couple of days to let me know the account was okay. So I really think it depends on who is at the branch you go to Smile