Star Cash Processing: How to protect your bank account from them

On June 29, 2009(Monday) there was 250.00 dollars sent to my account and I did not apply for any money from them. So I contacted my bank and had my acct closed and the say they don't have anywhere to return the money, but they are investigating fraud, because someone else had this done to them, and what happened was, when the person started spending the money, it varified the account info, and then on the same day they received the money, that night, it was withdrawn with all the other money in the account, leaving the person broke, so therefore the bank stated that they will close and investigate this place, because they tried to reach the business at the number provided for Customer Service, and found the number to be no good. The bank is investigating and I have moved on. So don't borrow money online, or give out your info on your account to anyone, this might happen to you, thank GOD my bank understands and it still cost me $28.00 for this mess.

dkah, please report this incident to the FTC and your state's Attorney general. they want a prepaid card from me for them to debit money out on the 17th of July and this is why i told them no!

bea2ls,

My bank says they will not do an ACH block or anything. They are claiming that I initiated this because Star had all of my info. I did not initiate anything with Star. I contacted Star and they said you cannot mail payments, they want it via your account or credit card.

Guest, your bank needs to be reminded that there is an electronic funds transfer law that says you CAN revoke ach transactions, and they (your bank) must abide by it. You need to show them a copy of the revocation.

Shazzers,

Do you have a link for that law? I think I am going to close my account with them just because they are being uncooperative and not in support of their customer. When I was with Wells Fargo they disputed any and everything I asked as well as placed blocks.

Yes I do, hang on and I will find it for you.

bea2ls

Since my bank is being so uncooperative how can I make sure that the ACH won't reopen the account?

Link: http://www.fdic.gov/regulations/laws...6500-1350.html

I just received an email from Star Cash Processing last night ( I just opened it right now) with loan documents attached telling me about this so called transaction. Mighty funny they send me loan docs the NIGHT before they debit my account for $90, but I didn't get an email letting me know that I was getting the deposit in the first place. They made the deposit on June 11th. I called them and they are saying that since I am just now reporting it that I have to pay the $90 and fees, etc. I think this is bull since I never requested anything and it just so happens that I just checked my bank account and saw the debit and then noticed the deposit. Not my fault - I don't think???

According to this ACH is not an EFT.

6) the term "electronic fund transfer" means any transfer of funds, other than a transaction originated by check, draft, or similar paper instrument, which is initiated through an electronic terminal, telephonic instrument, or computer or magnetic tape so as to order, instruct, or authorize a financial institution to debit or credit an account. Such term includes, but is not limited to, point-of-sale transfers, automated teller machine transactions, direct deposits or withdrawals of funds, and transfers initiated by telephone. Such term does not include--
(A) any check guarantee or authorization service which does not directly result in a debit or credit to a customer's account;
(B) any transfer of funds, other than those processed by automated clearinghouse, made by a financial institution on behalf of a consumer by means of a service that transfers
{{4-28-00 p.6626}}funds held at either Federal Reserve banks or other depository institutions and which is not designed primarily to transfer funds on behalf of a consumer;

Maybe it does cover ACH now that I am re-reading since it says "other than those processed by automated clearhinghouse"???

hello it does cover ACH. I would keep going up the chain of command, i would contact corporate at this point. you legally have the right to block ach, and in fact i would file this as fraud. I reported them to the attorney general and my department of banking and finance (ftc as well). they were contacted by my department of banking and finance, and i think that is why i recieved my loan documents. only they list a bank that i not only do not have but no longer exsists! they stole old info from when i used to apply for payday loans, but this was over a year ago!!

has anyone gotten calls from these jerks yet? they called my work, said i was being invesitgated for theft by deception. what a joke! it kills me i have no idea where they are even from.. like what country they are based out of or what state? i think they have americans working for them but that does not mean anything..

I filed a complaint with the Attorney General's Internet Crimes unit. I called Star today and the lady said she would have a supervisor call me back. We will see.

great job, guest! i hope everyone who has problems is dealing with this company reports whenevery they do something illegal and wrong! please report them, these reports can make all the difference.

Star Cash deposited money into my acct. too! But I know I didn't accept their loan but they put it in there anyway. I tried calling their number but it doesn't work! What other options do I have to get a hold of this so called company?