if you owe a bank money from an over draft on a chking acct & sent to collectons is that on the cheqs system?
455312
pay off the amount you owe - or settle with the company.
804623
I think I would try to hang tough and make it difficult for them, but I think you will probably have to pay.  In fact you are probably not the only person that was over-paid.  \n\nHowever, in your negotiations/discussions with them, make sure that they re-pay YOU for the 10% penalty and tax that will end up on you tax return for the year because of the pre-mature withdrawal of the funds to pay them back.
1096792
Yes they can.  They check to make sure that you're not overdrawn and owe them more money.
833944
If the ccj is paid up then you can write to the court and tell them this. You have to pay £15 and they will mark next to your name that it is all paid. But they will not remove it  unfortunately as i have just had to do this. After 5 years it will come off anyway. But at least creditors can see that you have paid it.
560488
They are going to probably overdraft you and put it negatively on your account.
657334
Yes, they can.  An overdrawn account is essentially a loan, so they can pursue any legal collection method to get the money back from you, plus penalties and interest.  And if they find proof that you intentionally overdrew the accounts, they might even file criminal charges against you for fraud or writing bad checks.
405795
In using your debit card you engage in transactions that are the same as writing a check.....If you overcharge your acount you will usually be denied the transaction on the basis of insufficient funds. If, however, you do manage to overdraw your account you will end up with a negative balanc, and you will recieve a return check fee just as you would if you wrote a bad check.  The next time you deposit money into your acount the negative balance will be deducted from that money.  No collections unless you close the acount and dont pay the money you owe.
1076430
THIS IS SOOO IRRITATING.....I had a checking and "share" acct (with a $25 balance) at Credit Union, and ATM transaction overdrew the acct by $1.45. Silly me, had already opened up another acct at different bank so I figured I would let those accts sit a couple of weeks and close them out. WRONG, when I finally opened up a statement  I was in shock that the share acct was still there but the checking now had a balance of -$386.00! Now I thought that when you try to get more money then is available, the ATM transaction should decline, WRONG AGAIN, (oh did I mention I worked at a bank for 4 yrs :(). Got as far as you did at the branch and left more irritated then before, two days later the Sheriff shows up to serve me with Court Papers. I go to the bank because I can't afford to miss work at this point and ask the girl at the counter "after transferring the $25 from the share account, what do I need to pay?" She has me write a check for $350 + dollars, and says the accts are closed. End of story....nah...I get a call 2 days later from the branch manager saying that if I don't make the 50 mile trip by the end of business day to pay the additional $43 in fees, the teller left out, I would be in contempt of court............\n\nOpen a new account quick and hope the bank burns down. Keep your chin up :)
1089848
True ... A cheque is a negotiable instrument, which can be further negotiated by means of endorsement and is payable on demand. So yes it is a demand negotiable instrument
139394
this is under the law of bailment. when you are borrowing something from someone you generally owe duty of reasonable care as to that which you are borrowing.
188170
If it is about the bank balance you are asking ... it would increase the amount you owe the bank...  \n\nthe overdraft balance would increase on account of this..\n\nIf BRS is your doubt... check this \n\nhttp://futureaccountant.com/forum/index.php/topic,28.0.html\n\n\nhttp://www.futureaccountant.com/
1021299
cheque or money order
393322
Usually, if you use a bank card to get money back, they send a transmission over the phone line. They will know right then that you don't have sufficient funds and won't give you the money anyway.\n\nSome accounts have what's called overdraft protection, which is usually a small line of credit (I have $250 on my account) that you can borrow against. That money, plus a fee (usually a HIGH fee - mine is $35 if I use even one cent of the credit), gets replaced next deposit you make. Call your bank to find out if your account has that feature or if you can get it.
748734
I know that this was the case in Canada and possibly other Commonwealth countries but I'm not sure it applied everywhere. The most official place to check would be the Bank Act (the federal legislation that sets up banking and establishes the standards that must be met).  If it is on line it will be linkable from the federal website.  Since cheques have to be MICR encoded now, the act has probably been changed but maybe not.
848472
First, they will continue to pull the money out of your checking account which will result in bounced check fees and, potentially, being reported to Chexsystems and having your account closed.\n\nIf they can't get the money out of your checking account, they will jack up your rates, charge you late payment fees and basically add on hundreds of dollars in charges.\n\nThey will report to the credit agencies as collections and probably sue you.  Yes, they will continue to charge you interest.\n\nYou really need to try to get a loan to pay these off and NEVER do this again.  These places charge 300-500% in interest and are one of the worst things you can do financially.\n\nCheck out prosper.com if your credit is still decent.\n\nYou need to get a 2nd job to pay these off and make sure you cut out all extra expenses (booze, cigarettes, eating out, internet, phone, cable, gym, etc.).\n\nGet this taken care of before it ruins the next several years of your life.\n\nGood luck!
829493
Hello,\n\nTechnically you've just got yourself into one deep hole. You will be paying interest on your overdraft, so to use cheques to put money if a different account was a really bad decision; as the amount of interest you receive for the money being in the basic account will be lower than the overdraft interest rate (almost guaranteed).\n\nIf the financial provider has realised you own both accounts, they may be taking the money you have in your basic account to pay your overdraft. An overdraft is a feature which can be pulled whenever the provider wants too, and you have to pay the balance when they do this.\n\nYou need to contact your bank and find out whats going on, then you need to clear your debt, then you need to start saving for an emergency fund; just in-case you lose a job in the future. (Recommended: 3 months salary into a savings account).\n\nAn overdraft is a useful tool, if its kept in good standing; you have abused it so you will struggle to get borrowing products in the future... Unexpected events happen, some good and some bad; and you really need money to help keep your mandatory expenses paid.\n\nTechnically what you have done isn't illegal, it's just created a big problem you didn't need.\n\nGood luck with sorting the situation and finding a new job.
441149
In the U.S. it varies by state. Kiting checks or forging and altering them is a different offense than passing bad checks but in general any amount over $500 not paid for any reason is considered a felony. Some states have lower thresholds. UK I have no idea because banks there allow overdrafts as short term loans.