TheVermonster t1_iyeu254 wrote
Reply to comment by phdoofus in ELI5 why fraudsters like Anna Sorokin managed to deposit bad checks and immediately withdraw cash elsewhere without banks stopping it? by 6horrigoth
Prior to overdraft "reform". I deposited a check then went shopping a few weeks later with no issues. The next Monday I stop to grab a coffee and my debit card declined. I ran to the ATM only to find that I had -$700 in my account. The check had bounced, leaving all those previously ok transactions to suddenly incur a $35 overdraft fee.
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