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Bank will suspend my checking

Date: Thu, 09/30/2010 - 10:35

Submitted by Paul Roussin
on Thu, 09/30/2010 - 10:35

Posts: 4 Credits: [Donate]

Total Replies: 4


Is this good news? I have three online paydays and three store front paydays,four of them are legal and have pushed my checking into -$490.
Which I can handle that. But as we know these payday loan companies,
will push it even further in the negative.
So I am thinking this " suspension" is ok....what do you think?
I have already moved all my accounts to a NEW bank. Except for my savings
at the old bank has a small amount. in it.
What does a suspension of checking Mean?The bank letter said that on OCT
5th it will be suspended " unless I bring the balance to positive...which I am
not sure if I should do that,even though I can put it to positive.
Should I be concerned or is this suspension of checking at old bank
a good thing?


@ SoapLady^^My worry also, will this affect the savings account? it has only a few bucks in it now,but a trust fund my dad left me that pays $128 dollars a month goes to the old SA.
On the 27th of each month, my pension is going to my new bank already. the trust fund
is easy to move..I will move it..or should I ? I kinda thought I could use that $128 to slowly repay the old Bank...what do you think?


lrhall41

Submitted by Paul Roussin on Thu, 09/30/2010 - 10:51

( Posts: 4 | Credits: )