Checking Account?

Question

There is a gym that I signed up for and they automatically take out their money from your checking account everything month. The thing is that, when I sign up for it, I was employed, but I'm currently unemployed so that money wouldn't be in there the time they take it out. Once they take it out, I will have an overdraft. My question is, can a bank stop that transaction on the day they take the money out?

Answer 1

♥ ♥ each bank is different.. gonna have to put stop payments on them...and see how to take their authorization away ♥ ♥

Answer 2

No, for ACH drafts you have to place the stop payment at least 3 days before the due date otherwise the bank won't be able to stop it. If you do place the stop payment, it is only good for one time on an ACH. Have you talked to the Gym? You might want to let them know you need to do this because if you get to stop it then they are going to be calling you because they have a returned item and that causes fees to them as well. They might be able to stop it if you call them ahead of time. If they say they are going to stop it and it does post you can ask your bank to have it returned unauthorized since you had talked to them and asked them to stop it and they didn't. The bank should refund the NSF fee since it was a transaction you had let the gym know you did not want. I don't know the terms of your subscription with the gym so you might want to check that before you call them.

Answer 3

It's gonna get nasty because gyms are notorious for hiring retards, and banks are notorious for charging fees to increase their own profits.

Here's what you do: on the back of your gym membership signup paperwork was a clause saying that to cancel your membership or alter it in anyway, you must do so in writting. Go to a notary (it'll cost you about $20.00) have them notarize a letter from you saying "As of the end of this month I would like to cancel the automatic withdraws from my bank account for gym fees." Sign it, have the notary sign it, make a copy of it, and have the notary mail it certified mail to the Gym (it'll cost you about $4.00). Save the copies of the letter, and walk one copy into the gym and hand it to the manager. Then discuss if paying by cash each month is an option of if you just have to cancel your membership. Leave that copy with the Gym and ask if you need to send a copy to the gym's home office or anything. The Gym WILL pretend they never got it but the certified mail will send you a reciept when the notorized letter is received. Walk a copy of the letter into your bank and let them know you've cancelled the memberships automatic withdraws and cancel any future deductions. Ask the gym to note that request on your account.
It sounds like a lot but it's worth about $25.00 and an hour of your time to prevent hundreds of dollars in bank fees, returned check fees the gym will charge you, and months of membership fees they won't even let you use due to being in debt to them. This can go one for several months and cause a credit nightmare. I know, it happened to me with Gold's Gym to the tune of around $800.00.

Good luck.

Answer 4

You should contact these people and tell them you no longer want them to take the money out of your account. Then contact your bank and tell them the same thing. Do this right away.

Answer 5

The bank needs to be notified ahead of time to stop the transaction.

Answer 6

you're going to have to have the gym stop the direct debit system they have set up. I don't think banks stop that.

Answer 7

Tell the gym you will give them the money in cash instead.

Answer 8

go to the bank and let them know you don't want this automatically deducted, they may have you cancel your card number and get a new one

Answer 9

never let anyone have access to your bank account, dummy

Answer 10

yes