I deposited a check and waited until I was able to withdraw the money from the bank. I later found out that the check was fraudulent. The bank/credit union took the money back, and now my account is overdrawn. Can they charge me an overdraft fee?

Answer:

Yes. The bank or credit union can take the money back if the check you deposited was fraudulent, even if it made the money available to you and you withdrew the funds.

If taking the money back makes your account overdrawn, you should contact your bank or credit union to learn about how to fix the situation.

Was this page helpful to you?

Note: Do not include sensitive information like your name, contact information, account number, or social security number in this field.

The content on this page provides general consumer information. It is not legal advice or regulatory guidance. The CFPB updates this information periodically. This information may include links or references to third-party resources or content. We do not endorse the third-party or guarantee the accuracy of this third-party information. There may be other resources that also serve your needs.

Read full answer Hide full answer