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NBA star overdraws bank account

By David McMillin · Bankrate.com
Thursday, November 21, 2013
Posted: 6 am ET

Professional basketball stars might earn millions for winning games, but managing those millions can be a losing battle.

Just ask Evan Turner, a forward-guard for the Philadelphia 76ers. Late last week, Turner posted a photo of an ATM receipt with an available checking balance of $-48.81 on his Instagram account. A sarcastic caption accompanied the photo: "Bank account look like im ready for early retirement…" Based on the receipt, it looks like the former first-round draft pick attempted to withdraw $50 from his checking account, which appears to have had a whopping balance of $2.69 before the transaction.

To frame this online display of Turner's banking troubles, here's a bit of context. Lately, Turner has been the subject of potential trade rumors. The franchise did not sign him to a contract extension by the Oct. 31 deadline, and Turner appears to be frustrated with the talk surrounding his future. This photo may be a suggestion for writers (like me) to write about something other than putting Turner on the trading block. In fact, Turner's next post included the caption, "Lame bloggers should get a life. #writeaboutthat"

Unfortunately, I haven't gotten a life. Instead, I'm writing about Turner's personal finances. I'm guessing that he has another account. In fact, he probably has many other accounts. The star will earn more than $6.7 million this year. With that kind of salary, I think he may be able to avoid the overdraft fee.

Still, the photo is an important reminder for average banking customers: It's not a good idea to post about your personal finances. Turner's photo includes the last four digits of his checking account. In today's world, cyber thieves can easily pounce on this snippet of information to drain your bank account. Although, in Turner's case, it seems those criminals would not get very far.

How do you keep up with your bank account balance? Do you log in to your account? Or do you do it the old-fashioned way and write your transactions in a checkbook?

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30 Comments
Huh
January 13, 2014 at 10:36 pm

First, why are we worried about hackers? That's a pretty lazy hacker to sit on a computer waiting for someone to post a pic of their ATM receipt. The smart thing to do would be to walk to their local ATM and grab the bevy of receipts available. And regarding the comment below, while this guy is a basketball player (so no idea why football came up) the average NFL career is 2.5 - 3 years. Most of these guys earn league minimum. After taxes and agent, there are no houses being purchased and honestly not much to blow.

mmm
January 09, 2014 at 12:10 am

Most Football players careers are for only 8 years...after they buy there family members houses and then try to keep up with that life style- they are broke a few years after...This is not all players but many.

Sam
January 08, 2014 at 8:57 pm

My ex wife bought a pack of cigarettes one time that cost her $51.88....she was overdrawn in her account by about $3.00 and wrote a check for $1.88!

Sam
January 08, 2014 at 8:50 pm

I went to the bank yesterday and found that I lacked .61 cents of being $14.00 in debt!

Sam
January 08, 2014 at 8:48 pm

Who cares?????

Job One
January 08, 2014 at 11:11 am

Seriously, this isn't even in the ballpark of news. Good grief.

DON
January 08, 2014 at 8:13 am

MANY TIMES WHEN ACCESSING AN ATM, THERE MIGHT BE A RECEIPT LEFT IN THE MACHINE FROM A PREVIOUS TRANSACTION. THIS HAS HAPPENED TO ME MANY TIMES..

Ryan
January 07, 2014 at 10:07 am

Imagine the horror if this NBA player writes a check one day. Then a hacker would not only see EVERY digit of his bank account but the routing number too! give me a break.

TLADY
January 06, 2014 at 4:06 pm

Actually, if the receipt did not have his name on it, which most bank receipts don't(maybe a small retailer) how can the writer or anyone be sure that it's his receipt/account. Maybe he wanted to be funny and give the media something to talk about and they fell for it. Everyday people use ATMs and will ask for a receipt and leave it or throw it away. A guy making $6.7 million this year, hardly has issues of withdrawing $50.00, but then again, he wouldn't be the first athlete who has financial troubles.

Drash
January 06, 2014 at 12:09 pm

wow, why is everyone trying to crucify this writer? The NBA star made a VERY STUPID mistake by posting a picture of his ATM receipt. And by the way, for any serious hacker, getting the REST of those numbers for the account number would be child's play, they've been given a place to start.

Don't blame the writer for writing an interesting article about a stupid mistake somebody made, it's what they do. So why should it appall you?

Especially from a website called bankrate.com? Come one people, get with it. You're making me really scared for the human race.