MY question is how much jail time is he facing?
Slow your roll, dude, it looks worse than it is.
Having an overdrawn bank isn't considered a criminal offense, so you won't go to jail. You could face other consequences, though, such as overdraft fees, the bank closing your account, and the balance you owe going to collections.
The time period will depend on your bank. Some may require you bring the negative balance to zero (basically, deposit the amount you've withdrawn plus any fees) by the next business day, while others will give you a 30-day grace period.
In most cases, banks won't let you close a checking account that has a negative balance. You will need to ensure your account is current — getting the overdraft amount back to zero and paying any fees you owe.
Your bank may close your account and send the amount you owe to collections. The account closure and overdraft debt will also be reported to ChexSystems (an agency that tracks consumer banking history). This could mean you'll have a hard time opening another bank account.
Yes. If you're not aware of an overdrawn account or simply choose to ignore it, the bank could eventually take legal action against you. The amount your account is overdrawn is a legal debt you owe, which means the bank can sue you and use legal tactics such as wage garnishment to recoup their losses.
Overdrawing an account can be costly, especially if you don’t pay what you owe right away. Learn how to repair the damage, plus how to prevent overdrafts.
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