Many checking accounts charge a monthly fee if you don't maintain a minimum balance or other qualifications. However, what happens if you have a $0 balance and they can't deduct the monthly fee from your balance? (Similarly, some accounts have an early closure fee for closing an account within 6 months... but how can it be charged to you if you have a $0 balance?)

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    I had a friend back in college who had to go to the bank (two states away from where he was living at the time) and deposit money into the account to clear the negative balance so he could close the account. In other words, he had to pay the bank to make them stop charging him more money. Can you say, "CHA-CHING!!!!"? I knew you could... Jun 4, 2014 at 11:58
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    My wife closed her account they said ok in Feb 2016 now we owe almost five hundred dollars in fees and overdraft fees cause there was no money now we our trying to back trace our steps to fined out who she talked to
    – user40968
    Apr 12, 2016 at 1:21

3 Answers 3


Unless your agreement says otherwise, the bank is authorized to debit your account for the amount — and then charge you an additional fee for being overdrawn. If you do not add money to the account to bring it into a positive balance, they can pursue you for it just as they could any other debt. They may also choose to close your account instead.

  • Or they can just shut down the account.
    – keshlam
    Jun 4, 2014 at 4:02
  • @keshlam A good point. I'll add that option to my answer.
    – Jadasc
    Jun 4, 2014 at 4:03

Under Federal and State Banking Regulations, the banking institution is not allowed to over draw an account for maintenance fees.
You should contact the Federal Reserve and the Banking Commission immediately and be sure to document these fees as proof.

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    Do you have a citation?
    – lid
    Dec 20, 2017 at 5:02

Not only did PNC bank overdraft my account due to monthly fees, they closed it because it was over drafted. I went into the bank to pay the fee and reopen my account and deposit my paycheck (from the same bank) they took their fees, would not let me re-open my account and charged me to cash my check.

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