How Do You Reopen An Overdrawn Checking Account?
According to data provider Moebs Services, Americans stand to spend over $38.5 billion a year on overdraft fees in 2009. Given that figure, it’s safe to say that many people overdraw their checking accounts. There can be many causes for this, but those reasons don’t change the fact that once overdrawn, the matter must be handled. If you have an overdrawn your checking account, you might wonder how to reopen the account. Add money to the account. If you are merely overdrawn, you simply add enough money to the account to cover the deficit. Once the amount is no longer negative, you can usually resume using it. Call the bank. This might be necessary if the account has been overdrawn long enough to cause the bank to close it. Often, once you pay the overdrawn amount, the account will be reopened. Apply for overdraft protection. In the event that you overdraft the account, the bank will cover the outstanding checks. The normal overdraft fees will apply.
