I withdrew $80 from an ATM and then switched bank accounts two days later. When I closed my account, the bank gave me $80 more than they should have. What are the consequences of this?
The debit will attempt to clear from a closed account. That won't work, so they may force your account back open and debit the $80. This is for accountability. You owe the bank the $80. You should contact them and offer to repay it. If this doesn't happen, they may charge that off and you would have a derogatory credit report. That negative report may prohibit you from opening another bank account or from borrowing money.
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The debit will attempt to clear from a closed account. That won't work, so they may force your account back open and debit the $80. This is for accountability. You owe the bank the $80. You should contact them and offer to repay it. If this doesn't happen, they may charge that off and you would have a derogatory credit report. That negative report may prohibit you from opening another bank account or from borrowing money.
