If a checking account is overdrawn for quite a while (the account holder is in the military) can the bank charge collection fees?
Untitled
If the deposit agreement between the bank and the customer allows for collection costs, and it probably does, yes. This is a common practice to include such a clause.
Published on BankingQuestions.com 6/28/07
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If the deposit agreement between the bank and the customer allows for collection costs, and it probably does, yes. This is a common practice to include such a clause.
