This is purely a fictional situation.
---> A checking account is closed.
---> Netflix tries to debit $10 from closed account.
Is #1 or #2 below the correct outcome?
1. The bank ignores the debit because the account is closed. Netflix does not get paid and contacts customer for payment.
2. The bank pays Netflix the $10. The bank contacts customer for payment.
---> A checking account is closed.
---> Netflix tries to debit $10 from closed account.
Is #1 or #2 below the correct outcome?
1. The bank ignores the debit because the account is closed. Netflix does not get paid and contacts customer for payment.
2. The bank pays Netflix the $10. The bank contacts customer for payment.