Madison, AL asked in Banking for Alabama

Q: I deposited a check written to me in my bank account atm. What will happen if i withdraw 200?

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1 Lawyer Answer
Bruce Alexander Minnick
Bruce Alexander Minnick
Answered
  • Business Law Lawyer
  • Tallahassee, FL

A: If the check bounces the bank will debit the amount of the check from your account and charge you a (hefty) return check charge. Then they will debit the $200 that you took out of the bad check and charge you another (hefty) fee. And finally, depending upon other facts about you past relationship with the bank, the bank might also close your account and report everything to the federal and state regulatory agencies as possibly bank fraud.

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