Fall below fee question

[gravityz3r0]

Hey guys,

A quick question, what if you bank imposes a fall below fee, you chose to ignore it and you withdraw all your funds leaving zero balance anyway. In addition to getting your account automatically closed after a certain period, does your balance actually go to negative the next month when they try to debit your account again?

 

[RubiksCuber]

You should probably ask the specific bank you're talking about directly. Also, as I understand it, if you are charged a fall below fee, you are simply charged the fee - you can't "ignore" it.

 

[gravityz3r0]

Ignore here, meaning that, i just withdraw all the funds out so that there will be insufficient for them to deduct the fee when the time comes.

 

[RubiksCuber]

I see. It's best to check with the bank. Might as well just close the account down as you may have trouble opening an account with them again in the future.