Scotiabank threatening me for a delinquent account
"It has come to our attention that your overdraft account still remains outstanding after requests have been made for payment."
There's an overdraft balance of $50, and they are saying that I have to bring the account "up-to-date" within 10 days of the letter or else they will close the account and it will be converted to a delinquent term loan with will affect my credit rating.
I went and logged in to the account (something I hadn't done in a long time) and found that at some point in time it switched to a "regular" account and was charging me a $3.95 service charge until my account was drained. And then on top of that $5 each time it went deeper into the negatives. I've had zero transactions as far back as the website would let me go. Christ, I barely even remember having this account, you'd think they would at least say something when the balance hit zero.
I don't know what they are smoking, but after years of ZERO emails/phone calls/letters, they think they have the right to threaten me? Of course $50 is not a big deal and I can easily pay it, but it just pisses me off. I'm definitely never doing business with these crooks again.
What do you guys think I should do?