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Old 3rd August 2012, 05:50 AM   #1
Conzo427
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Default Can You Issue A Credit Card Refund If The Account Is Overdrawn?

I work for a company that is about to file bankruptcy. There is a negative balance in the company checking account. Can I issue all customers a refund or are they all screwed?

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Old 3rd August 2012, 11:09 AM   #2
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If there's a negative balance in the checking account, then where would the money for the refunds come from?

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Old 3rd August 2012, 01:41 PM   #3
Conzo427
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Quote:
Originally Posted by torka View Post
If there's a negative balance in the checking account, then where would the money for the refunds come from?

--Torka
That is what I am trying to figure out. The account is presently in the negative right now due to a refund. So if I just processed more refunds does the credit card company force it through or something?

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