Legal Question in Banking Law in Colorado

Over Drawn Account

Despite dozens of conversations and words of advice to our adult daughter (21 years old), she continues to over draw on her checking account. We bailed her out once, but we have told her we won't do it again. Is there a dollar amount that must be reached before the bank will take legal action against her? Without any consequences, we fear she will continue racking up over draft charges and ruin her credit. Thanks! Desperate in Denver


Asked on 10/17/06, 4:37 pm

1 Answer from Attorneys
David Anderson Anderson Business Law LLC

Re: Over Drawn Account

Banks love OD charges. They will likely not close the account or report to credit bureaus as long as the ODs get covered and they get their fees.Get her a DEBIT card and have her stick to using that. It won't work if there's no $ in account.

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Answered on 10/17/06, 4:47 pm


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