[mikekchar]

I once had a bank account with $100 in it. I went travelling and didn't access the account for a long time. Eventually, I returned back and found that they had sent me a letter saying that they had close my account for inactivity. The fee for closing the account was $120, which put the account at -$20. They were further charging me a $75 overdraft fee and informed me that my account was in arrears for $95 dollars. I did not pay them, but neither did I get my $100 back.

[yohoho22]

Did failing to pay up not put you in the bad graces of ChexSystems? Did it affect your ability to open other accounts later on?

[mikekchar]

I think I got lucky. This was a good 30 years ago, so my memory is a bit hazy, but I think what happened was that they deactivated my account, which incurred the charge. Since I didn't technically have an account any more, they couldn't do anything. I suspect that they weren't supposed to actually deactivate the account completely and screwed up. Back then banking systems were a lot less computerised so I think there were probably lots of errors.