I have 2 checking accounts at Wells Fargo but one is overdrawn.?

Question

am working on paying it off when I have the extra money after bills and rent. My question is if I go to the bank to deposit a check will they MAKE me deposit it the check into the one that is overdrawn or can I still deposit it into the one that is still in good standing?? Also can I cash a check with an overdrawn account?

Answer 1

They could make you cover the negative account, but like someone else said, if you deposit it in the good one, they will probably not even notice, just make sure you have your deposit slip completed fully and ready for them, this will avoid them having to look up your profile.

When you go to cash the check, write the good account number under your endorsement on the back, this will make your chances greater of them looking only to that account for possible recourse.

I will spare you the lecture, since you have already received it! :)  But I would pay it off asap.

Good Luck!

Answer 2

I know some banks charge a daily fee for it being over drawn, I would pay it off asap.

But I do think if you go into a bank to cash or deposit a check into a good account they won't know.  I have multiple accounts at my bank and they don't look at both when making a deposit to one.

Answer 3

I'm thinking you could deposit it into the one that's in good standing.  If they give you a hard time you can explain to them that if you don't deposit into that one  the one in good standing will also become overdrawn.  Not sure about the cashing part.  You might want to call before you go.  You'll likely get charged an overdraft fee for going under $0 and some banks charge this on a daily basis.  You should inquire about overdraft protection which is like a safety net (however, it charges a very high interest amount so don't use it too often).

Answer 4

First of all you owe the money that you spent that wasn't yours.  I recommend that you pay it off ASAP because they will continue to charge you money every day until it's paid off.  It can be as much as $30 a day.  Only spend what is necessary.  Put the rest towards your debt.

2nd.. I recommend that you close the delinquent account as soon as you pay it off.  

3rd...You should be able to deposit into the account that is in good standing.  

4th.. Make sure that you keep a good record of every withdrawl and deposit you make.  It's important that you only spend the money that you actually have.

You are creating bad credit for yourself.  Someone once told me that bad credit was better than no credit.  That is a LIE.  It's of the upmost importants that you be honest and trustworthy in all your business dealings.

Answer 5

Start another account at another bank.  Then you will not have to worry about Wells Fargo deciding what to do with your money.  

PAY any people/businesses that you wrote bad checks to ASAP, then pay any fees you owe to Wells Fargo.  

The overdraft fee is the fee you pay the bank for the bad check.  The real problem is that the person you wrote the check to didn't get any money.  You still owe them money too.  You should pay the people you wrote bad checks too first.  Wells Fargo doesn't pay your debts with money you don't have then hope that you will return it to them.  

You can go to jail for bad checks, if you don't pay the people that you wrote the bad checks to plus any fees that they make you pay.