My mother in law checked her account and found that all her money was ceased. She has no outstanding bills and everything she has is paid up to date. She was told to contact the legal part of the bank but they are closed now. Any suggestions?
2006-08-06 03:40:24 · 7 answers · asked by lisa18255 1 in Business & Finance ➔ Personal Finance
What do you mean by ceased?
2006-08-06 03:44:25 · answer #1 · answered by Box815 3 · 0⤊ 0⤋
It might be possible that the bank has made an error, in which case the legal department will have to be involved and until they open you are stuck. You might want to check her credit ratings and social security filings. She might be a victim of identity theft and that may be why the bank seized everything.
Etiher way I feel for you and wish you good luck.
2006-08-06 03:46:04 · answer #2 · answered by rickyh606 2 · 0⤊ 0⤋
Ceased?? Or do you mean SEIZED? Normally that's only for non-payment of taxes. You need to talk to the bank's legal department. There's nothing you can do until you speak with them.
2006-08-06 03:47:26 · answer #3 · answered by Bostonian In MO 7 · 0⤊ 0⤋
It may not be the bank. It could be the gov., IRS. It could be an error or stolen identity. The bank may have discoverd fraud by another party.
It may be temporarily closed for her protection, but not "siezed" by the bank.
2006-08-06 03:49:03 · answer #4 · answered by ed 7 · 1⤊ 0⤋
FDIC insured each account up to 100k. Your mom is in luck. FILE with FDIC. but it's take time. In mean time, open another checking account with the big bank
2006-08-06 18:16:25 · answer #5 · answered by Hoa N 6 · 0⤊ 1⤋
Banks can only do that if they are trying to correct an error.
2006-08-06 03:44:09 · answer #6 · answered by ashton 2 · 0⤊ 1⤋
a lesson here. spread your money between two or three different banks
2006-08-06 05:47:15 · answer #7 · answered by XT rider 7 · 0⤊ 1⤋