You've done the right thing by closing your account. The power of walking away is the biggest thing we have to hold over most banks.

You have every right to be upset about losing that much money. Most banks have a policy to work with their clients on a 1st occurrence. Banks generally post items from largest to smallest as to prevent larger payments such as your mortgage or car payment from being returned. That leaves the smaller items causing fees in the account. If this carries over consecutive days it can cause seemingly endless fees. Some banks have a daily limit to the amount of fees they will charge, some apply them for every transaction that comes through. The only way to prevent fees is to communicate regularly with your account and have a back up such as overdraft with funds available to cover you. Hopefully your bank didn't report you to Chex Systems. If they did this could prevent you from being able to open an account at another institution. Hopefully this provides a little clarification. Good luck resolving the matter.

Jaimem, so glad you were able to open a new account. Please follow-up with your previous bank. Most banks monitor new account holders for the first 90 days. If there are any updates to Chex Systems you new account may be closed. Talk with a manager in the collections department of your previous bank and see if they will negotiate a settlement with them. If you are reported to Chex, you will be on there for at least 5 years. It may also report to your credit report. I know want to make a point but don't let it ruin you credit history. Hopefully everything runs smooth with the new account.

This has happened to my best friend & it Distroyed her creadit rateing.
She now uses a "walmart money card" and is very happy with it.

That is terrible that this happened to you but everyone needs to read the fine print on the disclosure documents for their accounts.