09-10-2019, 09:10 PM
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Member
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Join Date: Oct 2000
Location: somewhere East of there
Posts: 11,229
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Quote:
Originally Posted by doreen
It wasn't over $100K in overdraft fees
The $107,416 overdraft included the money the couple spent.
If I deposit $100K in a bank account with a balance of $1000, write a single check for that $100K and then that $100K deposit is reversed after the bank paid out on the check, I will have a $99K overdraft plus whatever the overdraft fee is.
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Quote:
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Originally Posted by CNN
Robert and Tiffany Williams of Montoursville are also facing overdraft fees from the bank of about $107,000, according to the criminal complaint filed in the Lycoming County magisterial district court.
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This is not the only article that stated it that way. Maybe the first reporter stated it incorrectly & wire services ran with it but the article(s) specifically state overdraft fees, not overdrafted by that amount, which is what you're referring to.
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