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My sister was in the process of paying back her negative checking account through an agreement with US Bank 2nd chance checking when it went into a negative $28.00 last night. They closed her checking account today leaving her no money as she had her paycheck directly deposited in there.

We went to one branch and they told her to go to the branch that she opened the account at...well she opened it online so she has a call into the supervisor at another branch and is inpatiently waiting for a call back from her. Should she call another branch or not?

How can they do this? Does she have any recourse?

Posted: Fri Jul 25, 2008 12:26 pm Subject: reply

was the agrrement in writing?if so how much more did she have
to pay to get it even?sounds like she should be able to get her
paycheck from them.some one should be able to advise further.

Posted: Fri Jul 25, 2008 12:31 pm Subject:

Update so far...just talked to my sister and they are going to open up another account for her as the first account is already in collections...wtf...(geez these banks work fast don't they when it's in their favor) in less than 24 hours...anyway the lady that called her back said that since her paycheck is in limbo so to speak they can't do anything until Tuesday...she just cashed her ira in as she had no money and has changed jobs and was told yesterday she should be getting the check in 7 to 10 days, $2,100.00.

She plans on paying off the bank first thing...

Posted: Fri Jul 25, 2008 12:41 pm Subject:

OMG! If I were her, I would tell the bank not to bother opening another account, then I would take my business elsewhere!

Posted: Fri Jul 25, 2008 12:43 pm Subject: reply

that's terrible!!!!!!!!!!!!!for all the angst towards BofA i know alot of people who have left US BANK.they make BofA seem like
a banking utopia.

Posted: Fri Jul 25, 2008 2:04 pm Subject:

Generally a bank does not close an account over an NSF of 28.00.. there must be more to it. The agreement that she has with them must indicate that there can not be ANY NSFs or they will close.

I don't understand why they would open a new account when they closed this one. I would not trust it at all and would definitly go into a local branch and demand my money. They have no rigth to hold it other than the NFS and fees.

Posted: Fri Jul 25, 2008 2:55 pm Subject:

Well she went in to the branch and they opened up a new account for her, but they say she won't have any money until Tuesday because it is limbo...does that make sense?

She said that she has gotten nothing in regards to this in the mail. It seems like a bunch sh**t to me, they just created more paperwork for themselves Twisted Evil

Posted: Fri Jul 25, 2008 3:49 pm Subject:

It sounds real crazy yes Evil or Very Mad

Posted: Fri Jul 25, 2008 4:42 pm Subject:

When an account is closed, any deposits will not post, therefore, that is why it is in limbo. If she did not open another account, the deposit would be returned to the employer. Since she opened a new account, the bank will take the limboed deposit and post it to the new account, which will happen on Monday's processing run which won't post until after midnight on Monday going into Tuesday. That is why she won't have any money until then.

I know this is bull for your sister. Hope everything turns out okay.