Legal Question in Banking Law in California

Overdraft protection

Is there anything illegal about using your banks overdraft protection, writing checks when you dont have the money in the bank, but you know that the bank will pay it, because of your overdraft protection, and constantly over drawing your account, until the next payday?


Asked on 6/22/07, 1:32 pm

1 Answer from Attorneys
Michael Stone Law Offices of Michael B. Stone Toll Free 1-855-USE-MIKE

Re: Overdraft protection

I don't think it's illegal, or against your agreement with the bank (have you read it?) But the extra interest and fees add up over time. Try visiting www.suzeorman.com .

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Answered on 6/22/07, 2:40 pm


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