Hello,
I went to the bank in person and have also spoken to several people on the customer service line. it is on limited status, which means that no debits, checks, etc. can come through at all. I couldn't stop the direct deposit soon enough so it will go through one last time. They said my paycheck would come in, since my account is basically set on deposit only. My check will take 24 hours to clear with this block than I can withdrawl it. At that point, I will close the account (which I am scared to do because it has to be on a permanate close, which one person at the bank said is impossible, but many at the 1-800 number as well as at the bank said is ok). I did ask the bank if nobody can take money out and they all said it will be fine (they even said that any checks I have written would be denied, which is fine since I do not have any checks out right now). I went in person and have called many times, but am a little paranoid I guess. One lady at the bank gave me an attitude (she went on the whole "well you promised them money" speel) I told her that these loans are illegeal and they cannot legally take this money from me. I will be glad to work out a payment plan, I am just so scared this bank stuff won't work.. :/

I would go above their head if necessary until you get the confirmation that you need. I do not know how all banks operate, so I am not going to say that what my bank did or some of the others was what all will do? Did you talk to a manager or customer relations person? Or just a teller?
Maybe someone else can reassure you better than I?

Hello, well I spoke to both a branch manager and a customer service supervisor. Because I was late to stop my direct deposit, the payday monsters got my money.. Magnum took $226 and VIP took $25. My direct deposit has been stopped completely and the block is on my account. I had complete confirmation that they will not get any more of my money. The only reason they got it today was because I had to have the block lifted to get my paycheck. I feel so defeated, I can't stop crying. I was one day too late for my direct deposit. I should have stopped it sooner but had so many other things going on. Next payday there will be no money taken out of my account. I just feel so lost and scared..

Dont feel lost or scared. We are all here for you. How great it will be when you finally have control of your money. We are here for help and support. Post whenever you need to.

thanks again, i just feel like such a loser because I didn't stop my direct deposit in time.

I am so happy I have found this group! Right now I am in the middle of stopping these payments. As I have said before, they were paid today. This was such a set-back for me as they took aprox. $250 that I could have paid other bills with. My bank blocked them but I had to re-open it for the direct deposit. I sat down, showed them everything.. all the deposits they were taking, etc. They agreed with me but than when it came down to it, I had to pay them anyway and I am so defeated. Don't get me wrong, I plan on paying them back -- just not like this. My payroll said my direct deposit will be stopped so my next check will be a live check. The account will stay blocked and I don't have to open it since I won't have a check. Will this even work? I was told by the bank if I close it, than the ACH would force it open. Therefore I must leave it on limited, which i feel uncomfortable with. I bank with Commerce and aren't sure if they are helping too much. They are great to talk to but I keep getting different answers. I thought that since my account was blocked they wouldn't get paid and now I am devestated. I pray I can get by for car insurace, food, etc. Does anyone have any tips for dealing with the bank?

Please do not beat yourself up too bad. You are not a loser and if you were, I think you are in good company? Meaning me and others who are going through and have been through this.
Just be glad that you, like me, found this site or this would have gone on and on?

At one point I banked with Commerce and the ach did not force the account open.Have the bank put a hard debit block on the account. That way nothing will go thru. If they keep forcing the account open you will get hit with tons of fees. You are within your rights to revoke any ach debits. .I will post something for you to bring to your bank.

Bring this to your bank. They should know the law!!!

Per the Electronic Funds Transfer Act:

Quote:
§ 205.10 Preauthorized transfers.

(a) Preauthorized transfers to consumer's account--(1) Notice by financial institution. When a person initiates preauthorized electronic fund transfers to a consumer's account at least once every 60 days, the account-holding financial institution shall provide notice to the consumer by:
(i) Positive notice. Providing oral or written notice of the transfer within two business days after the transfer occurs; or
(ii) Negative notice. Providing oral or written notice, within two business days after the date on which the transfer was scheduled to occur, that the transfer did not occur; or
(iii) Readily-available telephone line. Providing a readily available telephone line that the consumer may call to determine whether the transfer occurred and disclosing the telephone number on the initial disclosure of account terms and on each periodic statement.
{{10-30-98 p.7369}}
(2) Notice by payor. A financial institution need not provide notice of a transfer if the payor gives the consumer positive notice that the transfer has been initiated.
(3) Crediting. A financial institution that receives a preauthorized transfer of the type described in paragraph (a)(1) of this section shall credit the amount of the transfer as of the date the funds for the transfer are received.
(b) Written authorization for preauthorized transfers from consumer's account. Preauthorized electronic fund transfers from a consumer's account may be authorized only by a writing signed or similarly authenticated by the consumer. The person that obtains the authorization shall provide a copy to the consumer.
(c) Consumer's right to stop payment--(1) Notice. A consumer may stop payment of a preauthorized electronic fund transfer from the consumer's account by notifying the financial institution orally or in writing at least three business days before the scheduled date of the transfer.
(2) Written confirmation. The financial institution may require the consumer to give written confirmation of a stop-payment order within 14 days of an oral notification. An institution that requires written confirmation shall inform the consumer of the requirement and provide the address where confirmation must be sent when the consumer gives the oral notification. An oral stop-payment order ceases to be binding after 14 days if the consumer fails to provide the required written confirmation.
(d) Notice of transfers varying in amount--(1) Notice. When a preauthorized electronic fund transfer from the consumer's accounts will vary in amount from the previous transfer under the same authorization or from the preauthorized amount, the designated payee or the financial institution shall send the consumer written notice of the amount and date of the transfer at least 10 days before the scheduled date of transfer.
(2) Range. The designated payee or the institution shall inform the consumer of the right to receive notice of all varying transfers, but may give the consumer the option of receiving notice only when a transfer falls outside a specified range of amounts or only when a transfer differs from the most recent transfer by more than an agreed-upon amount.
(e) Compulsory use--(1) Credit. No financial institution or other person may condition an extension of credit to a consumer on the consumer's repayment by preauthorized electronic fund transfers, except for credit extended under an overdraft credit plan or extended to maintain a specified minimum balance in the consumer's account.
(2) Employment or government benefit. No financial institution or other person may require a consumer to establish an account for receipt of electronic fund transfers with a particular institution as a condition of employment or receipt of a government benefit.

[Codified to 12 C.F.R. § 205.10]

[Section 205.10 added at 44 Fed. Reg. 59471, October 15, 1979; amended at 45 Fed. Reg. 8265, February 6, 1980, effective May 10, 1980; 61 Fed. Reg. 19672, May 2, 1996]

Sorry, we posted at the same time. I think that someone who has banking experience, in particularly Commerce will have to advise you, but this sounds fishy to me...I am not sure how they can sneak those payments through when you just got out your money?
I mean, they have posting times, etc?

See Kash came to the rescue.

Thank you so much. I very much want to end this nightmare! I am going to pay these monsters off, I just can't afford to do it their way.. Thank you very much for the banking info. The block is on again. I had to have it lifted to get my paycheck because stupid me stopped the direct deposit too late. I am going to print that out and bring it to the branch manager. As of now, my block is on so I am assuming I will be ok? I do want it closed though.. I was told they can permantely close it than others told me they can't. I don't know, I have so much other stuff going on right now, too. I have no idea what I'd do without this board. In many ways, it's my lifeline and as soon as I get my own strenght up, I will try to be as good as offering support with others as you have done to me.

All ach debits are voluntary and can be revoked. bring a copy of the law to your bank. They need to do something to help you.

Thanks again, I am going back to the bank tommorow and will keep you guys posted. because of this set-back, I won't default on the loans until April 17.. I know I'll be back to get info on my next step. I am sorry for being so needy, I am just so lost..

Nah....your not lost...you have found your way? Just hang in there.

Thanks again.. my account has been blocked so no debits could come in.. On Monday, I will get complete confirmation that my direct deposit was stopped. This weekend I am going to relax.. the stress of this and other recent events is starting to take a toll on my health a bit so I am not going to concentrate on any of this until Monday when I get my confirmation for my direct deposit. Thanks again to everyone and have a great weekend!