Account in unauthorized overdraft since 2009
I recently took a looked at a relative's bank account and noticed that 11 cents or so of overdraft withdrawal interest were accumulating in their account every month.
Since the account summary was displaying a positive number, they thought they had a positive account balance. Additionally, since it was a savings account, they thought they were making 11 cents every month. It wasn't until I noticed the 11 cents of interest was in the withdrawal column that I realized they were actually losing money. The total amount owed was about $6.50 US.
We sent a secure message and found out that since the account was opened in 2009, there has been no activity on the account other than monthly unauthorized overdraft interest accumulating.
We got the account closed but I am wondering if this would have had any sort of negative impact on their credit score.
Some guidance regarding what our next steps should be would be appreciated.
Since the account summary was displaying a positive number, they thought they had a positive account balance. Additionally, since it was a savings account, they thought they were making 11 cents every month. It wasn't until I noticed the 11 cents of interest was in the withdrawal column that I realized they were actually losing money. The total amount owed was about $6.50 US.
We sent a secure message and found out that since the account was opened in 2009, there has been no activity on the account other than monthly unauthorized overdraft interest accumulating.
We got the account closed but I am wondering if this would have had any sort of negative impact on their credit score.
Some guidance regarding what our next steps should be would be appreciated.