Questions about checking accounts?

Question

I had my debit card stolen a two months ago. I did report it and made a claim to Wells Fargo. They told me that they were going to give me credit and returned my money. Well, a month later they send me a letter telling me that they are going to reverse that credit cuz they had serious doubts about my debit card being stolen and so now my account is over -$2,000 and they want me to pay them by the end of this month. I told him there was no way I could pay them all that money cuz I'm pregnant, not working, and have a loved one in jail. This account was for college. The lady told me that if I didn't pay that they were going to have to report me to the credit bureau and their checks system. They told me that system will close my bank account and won't let me open any new account at any bank for 5 years. I wanted to know if anyone has experienced this and if its true about not being able to open another bank account?

I have another bank account at First Conveniece Bank, is there a possibility of them closing that account too?

Answer 1

no if u have another account they can't close it. but if your credit card was stolen why r they still chargin' what bank is that. But besides all that if u are concern i suggest u may need a lawyer. that's if u don't want bad credit.

Answer 2

So did you lie about your card being stolen? Given that your loved one is a crook I would have to wonder what kind of people you run around with. Maybe you lent your card to someone and then reported it stolen? That youare pregnant and don't have a job makes me very suspicious as well. Did the bank give a reason why they didn't believe you? Maybe they have a picture of you using the card taken by a store camera, you might get arrested for fraud if you falsely claimed your card was stolen. Ask if you can be sent to the same jail your loved one is at. You can tap out messages in Morse code on the pipes at night to communicate.

Yes, there is a system called Chex that banks use to determine whether or not people have had problems with their checking accounts in the past. You will have problems opening another account.

Answer 3

Note you do not need to ask your question Twice. However, here is my answer from the other question.

They may have violated MasterCard and or Visa zero liability policy. You need to write Wells Fargo checking account customers service and send it out as soon as possible and do a return receipt. Disputing that you owe the $2000 and refuse to pay. Especially, If it was stolen. Notify them. That you can not close the account or report you as delinquent. The burden is on the bank not the consumer. They got to prove you did the transactions and even if it goes to check systems you can dispute it. Wells Fargo may have even violated their own EFTA by waiting more the 60 days to notfity you. If they did. All you would have to pay them is $50.00 but that is if they are correct.

Answer 4

I used to work for Wells Fargo. They are NOT out to help you.

First, keep fighting the claim to get your money back. A Regulation E claim was filed, since this was a theft involving your debit card. They give you a provisional credit until the investigation is complete. After, they have the right to take the money back.

When you get the money returned to your account, withdraw it from Wells and deposit it to your other bank, which Wells cannot touch.

Answer 5

First, was the entire amount in dispute taken before you reported the card stolen? Any amount taken after you reported the card stolen should have been denied and they are liable even if the card was not stolen. When they informed you they were denying your dispute, the were required by law to inform you of your right to appeal and the process to do so. If they failed to provide that information, report them the the Federal Reserve Board.