A company is charging my bank acct. & the bank says fine. When I ask the bank to not allow any withdrawels unless it is with my signature they say they can't. I have to go into the branch in person & prove who I am, yet this company, that I don't even know, can just keep taking with out my permission? Is this a commmon practice and is it in any way legal? Why does my bank give my money to anyone who calls and says I told "joe shmo" he can have 620.00 out of my checking but I can't call and say please don't?
2007-01-26 05:53:03 · 6 answers · asked by Anonymous in Politics & Government ➔ Law & Ethics
Banks will usually allow deposits and withdrawals if the correct account numbers are available. Ever heard of direct deposit or automatice withdrawals. If you want it stopped, you do have to prove you are the owner of the account. Never give out your account information. Banks will not give anyone your account information. The real question is: why is the company taking money out of your account and how did they get your account number? As was said previously, close the account and open a new account.
2007-01-26 06:06:39 · answer #1 · answered by ThePerfectStranger 6 · 1⤊ 0⤋
It is not uncommon. The bank will claim they have a signed authority from you to the company to make these withdrawals. Go to the bank and ask to see this paper, which must show your actual signature. If they can't produce it, tell them you will report the bank and the company concerned to the police for fraud investigation.
And close your bank account. There's no reason to continue with this bank - there are plenty more around. Don't as the first person suggested open a new account with the same bank - they'll continue the debits from the new account; yes, that's hidden in the papers you sign when you open an account.
2007-01-26 14:04:44 · answer #2 · answered by Anonymous · 0⤊ 0⤋
I ran into the same situation with my own checking account a few years ago. I went through the process, through the computer and via telephone, to stop deductions from my account. They continued. I closed the account and opened another checking account. I also canceled my credit cards, because they found a way to get money from them, and opened new credit card accounts. I have not had the problem since. I hate to be the bearer of bad news, but this may be what you need to do.
2007-01-26 14:09:42 · answer #3 · answered by ProLife Liberal 5 · 0⤊ 0⤋
Why don't you want to go in personally, just go in change your bank account or better change banks. If you change your account number I';ve seen them take checks and enter them into your new account number. The reason I know I was getting a divorce I got a new bank account number ,my husband went in, they run in into my new account number. I finally went to the President of the Bank and he got it straightened out but that didn't keep my checks from bouncing before I found out. They made it good but the embarrassment of having returned checks, I was ashamed to go to any of the places and write a new check, I ask the bank to write each bounced a letter as to what happened, they refused.
2007-01-26 14:19:44 · answer #4 · answered by Nicki 6 · 0⤊ 0⤋
The first thing to do next is to close out your account today and then re-open a new one with a new number. This will prevent the money from coming out of the old account which will now be closed. Then sit back and wait and see what happens.
2007-01-26 13:59:26 · answer #5 · answered by ? 6 · 0⤊ 2⤋
JUST GO TO THE DAMN BANK .
fill out what you have . and stop crying about .
the bank do not know who the hell you are over the phone.
so it would be wise to go see if fraud has been committed against you. or maybe someones has committed fraud .
most likely its someone in your family and if its not you will never know by sitting on your rump and crying about it
2007-01-26 14:04:16 · answer #6 · answered by sam 3 · 2⤊ 0⤋