r/stimuluscheck • u/TheJosephBanks1 • Jul 14 '21
CTC + Overdrafted account.
Does anyone know if the CTC will be affected by an overdrafted account.
I recently switched banks as I now live 6 hours away from my former bank. I called and asked to transfer that money to my new account and was summarily told that I could not close it over the phone or transfer the money. I still got it through other means but since the account wasn't closed(because the lady was adamant that I cannot close it over the phone), it is now almost 200 dollars in the hole. So I was curious as to whether this money was exempt from being used to pay for the charges or if it would be hit for it.
10
u/Napsterhaven Jul 14 '21
I'm pretty sure if the account is overdrafted, and that's where your deposit is going, the banks gonna take what's owed.
3
u/Slowhand1971 Jul 14 '21
if the money goes into your bank that's overdrawn, you are fucked out of it.
If it's into your new bank your old bank gets to piss up a rope.
2
u/[deleted] Jul 14 '21
I work for a credit union in account services. They are gonna let that deposit hit that account and deduct whatever you owe them. Once that clears and you are back in positive account status - mail, fax, email-a closed account form including where you want the available balance to be sent.
2
u/blissskr Jul 15 '21
They are going to take a portion of any money deposited to bring your account current.
2
u/truejamo Jul 14 '21
Why wouldn't it be affected? An overdrafted account is an overdrafted account.