Google Answers: Banking Law

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Q: Banking Law ( No Answer, 1 Comment )

Question

Subject: Banking Law
Category: Business and Money > Finance
Asked by: michaelburton01-ga
List Price: $5.00

Posted: 17 Jan 2004 11:00 PST
Expires: 16 Feb 2004 11:00 PST
Question ID: 297431

Is it legal in Illinois, under current banking laws, for a bank to
charge a service charge to a checking account that causes the account
to be overdrawn, and is it also legal for the bank to charge an OD fee
for the overdraft that the service charge caused?

Request for Question Clarification by darrel-ga on 23 Jan 2004 06:32 PST
What was the initial service charge? Was this a regular, scheduled monthly fee?
darrel-ga

Answer

There is no answer at this time.

Comments

Subject: Re: Banking Law
From: michaelsanswers-ga on 04 Feb 2004 07:04 PST

You can ask an IL banker here:

http://www.bankersonline.com/ubbthreads/postlist.php?Cat=&Board=IL

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