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#1
11-21-2008, 10:24 AM
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Wachovia Bank won't HELP ME block PDLS!!
Ok so my situation is I have like 9 payday loans. Six of them storefront ones. So this week they were due and I simply just didn't have the funds available to cover the payments. So you know what happened next. They tried to deposit the checks into my account. Now my account so far is overdrafted by $715.00. I called Wachovia customer service to have my account put on a freeze until i can bring my balance back into a positive status. THEY SAID THE COULD NOT DO THAT. Unless they were fraudulent charges and since i gave them my account information they have every right to deposit the checks. I explained to them my situation but they said they cannot but a block on my account. I said well don't you guys want your money and my account to be in a positive status. She said she understood what I was trying to do and sympathized with me but unfortunately there was nothing that could be done. I asked so you saying your going to allow them to keep overdrafting my account and then I won't be able to pay THE BANK or THE PAYDAY LOAN companies? She said, YES.
From what I've read from other post, people have been able to have their account frozen. I dont understand why Wachovia won't let me. So i told her fine then it is what it is. I won't pay you then. She said well you won't be able to get another account with any other bank. I said to her sweetie, I already have another acccount. She then proceeds to tell me, well banks talk and trust me we can go into your new account with another bank and get the money. I told her well if you do, I will close that account and strictly have my cash in my pocket. Can you get it then? She then says, I honestly really understand your situation but this is just how it is. Can they do this? Not allow me to put a freeze on my account when I'm trying to get this situation rectified? I don't understand for the life of me why they would want my account to continously get overdrafted and then I won't be able to pay it down to a positive status. This is highly unfair especially when I'm trying to do the right thing? Anyone out there with any advise for me would be greatly appreciated. 
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#2
11-21-2008, 10:34 AM
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Kym
Think about the question that you asked at the end about the bank wanting your account overdrafted. Yes, that is exactly what they want for the fees! As long as the account is just negative with OD fees, they can only make money on you. As for them, the bank, getting to your other account at a different bank, not going to happen. Now, they can keep you from opening an account at many other banks by reporting you to SCAN. This is a check reporting system that is used for check acceptance at over 70,000 merchants and a majority of the banks. If you have a bad check listed with SCAN and the merchant/banks participates, you will not be able to use your check or open a new account.
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#3
11-21-2008, 10:43 AM
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Quote:
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#4
11-21-2008, 10:43 AM
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I still need advise on what to do.
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#6
11-21-2008, 10:50 AM
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give that letter to the manager.go in person.tellers can't and won't help with that.get the account put on DEPOSITS ONLY status.the manager should be able to help with that.if you get direct depoisit get a live check for a few weeks while you pay down the bank and get caught up with other things.
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#8
11-21-2008, 10:55 AM
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My first attempt was through the 800 number and tried to take care of this over the phone. I will try going inside of the branch this time to see if that will work.
Thanks for the advise. Please leave me more advise if you have some
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#9
11-21-2008, 10:55 AM
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good point,just see the manager.that is key.
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#11
11-21-2008, 12:13 PM
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They may not be able to put a block on your account because it is negative. In many banks, you need to have a positive balance (or balance of zero) in order to put a block, or close your account.
As for going into your other account, I don't see how she can take money from it either without judges order, or your approval (plus, they'd need your account info, as well as to know what bank the account is in).
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#12
11-21-2008, 01:34 PM
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that is why you put it on DEPOSITS ONLY.they can and will do that while the account is negative to give you a chance to catch up.i did it with my former bank.they just have to take that letter and see the manager.it should get done that way.
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