answersLogoWhite

0


Best Answer

Writing bad checks is a form of fraud and you can be arrested for it.

However if you did not do it intentionally then the bank will just charge a fee. It is true that issuing insufficient funds checks is a form of fraud; in the state of Michigan it is referred to as Uttering and Publishing, and is a felony. While intent is a major factor, it will not protect you from prosecution. The number of checks issued will be considered along with intent. Intent may factor into the prosecutor's decision to pursue misdemeanor or felony charges however.

User Avatar

Wiki User

15y ago
This answer is:
User Avatar

Add your answer:

Earn +20 pts
Q: Can you be arrested for overdrawing your account?
Write your answer...
Submit
Still have questions?
magnify glass
imp
Continue Learning about Finance

If you have a long overdrawn bank account can you be arrested?

Maybe you should be, its tantamount to fraud....but if not good luck to you.


What can Wells Fargo add to your account to eliminate overdraft fees?

Wells Fargo can add a feature called Debit Card Overdraft Service. This allows the account holder to use his/her debit card to make a purchase even if the funds aren't all there. There is a fee for overdrawing the account unless money is added to the account before the cut off time the same business day. The bank can approve or disapprove the transaction. This helps to eliminate debit card denials at the register.


Can banks legelly allow you to spend money you dont have in your bank account?

Yes. As long as there is a scarcity of banking regulations, banks can do almost anything to cause you to owe them money. The administration is trying to clean up the banking industry but there is a lot of resistance. You need to pay more attention to monitoring your own accounts and not use your debit card unless you are sure your account can cover the charge. YOu can avoid overdrawing by keeping a buffer amount in the account at all times.


Why are prepaid credit cards the best?

Prepaid credit cards are the best option available, especially for those who aren't able to manage their finances, for many reasons. For one, they allow the owner to pay bills online and make purchases without overdrawing their account. Also they offer many of the same features as a regular debit/credit card, such as pin based transactions, online account management, and fraud protection. They also enable those without a bank account to utilize the convenience of a debit card.


How many bank i black list-?

A bank can black list you for writing bad checks, or for overdrawing your account so much that the bank loses money. To find out if you are blacklisted at a particular bank you should simply call the bank and ask.

Related questions

What 3 consequences of overdrawing your checking account?

Go f*ckin look it up


Do debit cards keep you from overdrawing your bank account?

Yes. Your card will not be accepted if there are insufficient funds in your account to meet the charge.


What overdrawing your checking account mean?

This means you have attempted to withdraw more money than you have in the bank account. For some banks it could be a result of a recent depost being held so the funds are not available to you.


If you dont have a YouTube account and you are in a video can you get arrested?

ya


What kinds of costs are associated with debit cards?

There are a number of costs associated with debit cards including the cost of using a PIN (for some banks) or the costs for overdrawing your bank account. But, on the long run, the convenience is well worth it.


What is the penalty for overdrawing prepaid credit debit cards?

You can only spend the amount of money that was added to a prepaid card so there is no penalty for overdrawing it. There is no over the limit fees and there are no interest charges either since you are not borrowing money


Can you be arrested if you use a dragonfable trainer?

no, but your IP and account may be banned.


Can a convicted felon be arrested for open a bank account?

No. For just opening a bank account, no one can arrest you or for that matter anyone else. However, if you had opened the bank account with forged documents or Id, or if you are carrying out illegal activities like money laundering, then you can be arrested.


Will Jeff hardy come back for WrestleMania?

Proboly not on the account he got arrested


Can only 1 person close a joint checking account?

It turns out that the answer is yes, which was rather a surprise to me. A person I know closed her joint checking account (with her husband) after her divorce, because he kept overdrawing on the account. She tried to have her name removed from the account, but they wouldn't do that without him; however, bizarrely, they were perfectly happy to simply close the account on her say-so. (This may have been practical: they may have just decided "it's better for us to close the account than to take the one person who actually puts money IN off the account.")


Why is overdrawing a checking account poor financial management?

Because you are spending more money than you have available, and, theoretically, if you had properly managed your finances, you would have either made sure enough money was available for those things you absolutely had to pay/purchase or you would have made other arrangements concerning your bills so as to prevent overdraft of your account.


If you have a long overdrawn bank account can you be arrested?

Maybe you should be, its tantamount to fraud....but if not good luck to you.