How long do I have to pay back an overdraft fee for Bank of America?

Question

I know the sooner the better but as a college student living paycheck to paycheck I can't pay it off for another two weeks. Will my account be frozen or what are the consequences of waiting too long to pay it off?

Answer 1

If your account remains insufficient for more than 30-days, they will close your account and place you on Chexsystems until you pay the non-sufficient charges.  

Answer 2

you can pay it back in 2 weeks, no problem.  If this is your first overdraft fee, they might take it off.  Just tell them you made a huge mistake and that you're a struggling college student and they might refund it.

Answer 3

Your account will not be closed. Boa will typically give you 90-120 days to settle overdrawn accts but depending on how you overdrew the account (items that overdrew).

If you leave your acct in a neg balance, it affects your acct history... e.g, boa might not pay items in the future. also, for future banking needs, cc/loan with the bank..although mainly based on credit score ad credit history; existing customer usually get a better deal, but ull miss out if ur acct history isnt so good

Answer 4

Yes, call them 1-800-432-1000, enter your id and password, or if you don't have one, press 1 and proceed.  If it's your first...or second of third...they WILL help you.  If you're a chronic "overdrafter" they may think twice.

A lot of people don't know that you can call and explain your problem, and 9 times out of 10, they will reverse it for you.  :-)  Um...I've had 4 reversed at one time.  (Long Story).  lol