wow

[taxguykarl]

I hope the management reply is along the lines of: We are closing your account, and will be sending an invoice for the overdrafts. Moneybags has been instructed to cooperate with law enforcement.

[Jay 2K Winger]

So they did this knowing the money wasn't there to cover. "Money is tight." Welcome to the real world, pal! Don't spend what you don't have.

Agreed. File this sucktomer under "This Is Why We're In A Recession."

[siskaren]

Why would the bank allow that many drafts on an overdrawn account? You'd think it would just start throwing an error at the gateway at some point.

At the bank I used to work at, accounts were allowed to stay negative for 45 days (and after the third day, the account would get hit with a daily sustained overdraft fee), and after 45 days the account would be closed and sent to collections.