Bank of America
Date: Mon, 01/19/2009 - 10:32
PDL will come to know about the ACH when it tries to debit money
PDL will come to know about the ACH when it tries to debit money from your account.
Quote:It'a always best to close your bank account. Leaving it op
Quote:
It'a always best to close your bank account. Leaving it open gives ways for the payday loan companies to continue to take money out. These companies have many different dba's, so blocking them won't work. They will also produce paper checks and run them through your account. Closing the account is the best way to prevent these companies from taking money out of your account. Some state laws do allow for prosecution if you close your bank account, but that is usually in cases of fraud. But it's always best to check with your state's attorney general or department of financial institution before you close your account. You want to make sure you are not causing more headaches! |
BofA can put a hard freeze/block on your account while it goes t
BofA can put a hard freeze/block on your account while it goes through the closing process. It can take up to 6 weeks for an account with them to officially close. BofA can be difficult to work with under these pdl circumstances.
And they will still come through, but Bank of america will rever
And they will still come through, but Bank of america will reverse the charges/and overdraft fees. At least that's what they did with me..
Putting a stop payment on a pdl will do no good at all. They eac
Putting a stop payment on a pdl will do no good at all. They each use so many different names, that if they can not debit using one name they will simpy go in under another name. Some will even use a check rather than an ach. The only way to be safe is to close the account and be sure it will not open to allow anything to go thru.
BOA is known for reopening closed accounts.
When BofA put the hard freeze on my account nothing came through
When BofA put the hard freeze on my account nothing came through, it was all returned unpaid.
My direct deposit comes through on the 27th and so do my pdl's.
My direct deposit comes through on the 27th and so do my pdl's. I had a stop payment put on all of them so I can at least get my account closed. The rep at the bank said I should be ok as long as I closed it that day. I'm keeping my fingers crossed.
I went through this with BofA, an account will take about 6 week
I went through this with BofA, an account will take about 6 weeks to close and any activity will reopen the account that is why you must tell them to freeze the account while it goes through the closing process.
That's good to know, thank you so much for the great advice.
That's good to know, thank you so much for the great advice.