I had $10 in a checking account I never use at "Bank 1", so I made an electronic transfer to move it into my other checking account at a different, online only "Bank 2" that I do use. Trouble is, I FORGOT I had already put the transfer in about a week before, and I made a *second* $10 transfer. What happened is that the original, good transfer went through fine, but the 2nd transfer was reversed by "Bank 1" (where it was coming from) and then charged a $35 ACH returned item fee. They had sent the money, then they took the money back before it was ever made available to be used.
1) I'm opted out of courtesy pay at both banks, so I don't get why "Bank 1" charged a $35 fee for allowing the transfer to go through and then reversing it; shouldn't it have been declined to begin with if I don't have courtesy pay enabled?
2) As I said, I basically never use the checking account at "Bank 1" except for the rare occasion I'd need to send a check to someone I wouldn't want having my bank and routing numbers. They are a terrible bank and the only reason I'm still a member is because my oldest credit card is through them and I'm not quite ready to close that card yet. Since there's no activity on the account (last time it was used prior to this $10 transfer mess was almost two years ago), nothing gets paid from it or is linked to it, there's no possibility of it being further overdrawn and bouncing checks to creditors, etc. That being said, what consequences would ensue if I do not pay the returned item fee? Currently the balance is only overdrawn the $35 fee, as the 2nd $10 transfer was reversed. Any credit score damage, legal issues if the account just sits there at -$35? I don't care if they want to close the account, cancel the credit card, etc.