Wachovia Bank won't HELP ME block PDLS!!
Date: Fri, 11/21/2008 - 10:24
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.
Kym Think about the question that you asked at the end about
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.
[quote]Subj: ACH Revocation FDIC Consumer Protection Law In
[quote]Subj: ACH Revocation FDIC Consumer Protection Law
In accordance with FDIC Law, Regulations and Related Acts, I am writing this letter to enforce the following law for my personal checking account xxxxxxxxxxxxxxx
???? 907. Preauthorized transfers
(a) A preauthorized electronic fund transfer from a consumer's account may be authorized by the consumer only in writing, and a copy of such authorization shall be provided to the consumer when made. A consumer may stop payment of a preauthorized electronic fund transfer by notifying the financial institution orally or in writing at any time up to three business days preceding the scheduled date of such transfer. The financial institution may require written confirmation to be provided to it within fourteen days of an oral notification if, when the oral notification is made, the consumer is advised of such requirement and the address to which such confirmation should be sent.
(b) In the case of preauthorized transfers from a consumer's account to the same person which may vary in amount, the financial institution or designated payee shall, prior to each transfer, provide reasonable advance notice to the consumer, in accordance with regulations of the Board, of the amount to be transferred and the scheduled date of the transfer.
[Codified to 15 U.S.C. 1693e]
[Source: Section 907 of title IX of the Act of May 29, 1968 (Pub. L. No. 90-321), as added by title XX of the Act of November 10, 1978 (Pub. L. No. 95-630; 92 Stat. 3733), effective May 10, 1980]
We am requesting that any and all ACH debits/electronic fund transfers be refused to protect our interests.
Try this with your bank!!!!!!!!!!!!!!!!!!!![/quote]
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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.
Also try another branch if the one you go to is un-cooperative.
Also try another branch if the one you go to is un-cooperative.
My first attempt was through the 800 number and tried to take ca
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
Take the letter with you, they cannot refuse to do this for you
Take the letter with you, they cannot refuse to do this for you it is part of the consumer protection act. Good luck.
They may not be able to put a block on your account because it i
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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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.