A Coralville man has been accused of third-degree fraudulent practice from an Iowa City bank.

According to a Coralville police complaint, Carl Carter, 31, 715 Fifth Ave., was charged Sept. 24 with third-degree fraud of under $1,000 from an Iowa City Hills Bank branch.

On Aug. 29, Carter opened a Hills Bank account with no initial deposit with his first deposit occurring on Sept. 24 of an empty envelope labeled as a $500 deposit. He immediately made two cash withdrawals and within the hour, two transactions at Walmart occurred. A day later, he allegedly attempted another $500 deposit.

As a result, Hills Bank suffered a loss of $520.94.

Third-degree fraudulent practice under $1,000 is an aggravated misdemeanor punishable up to two years in prison with a maximum fine of $6,250.

— by Quentin Misiag