Bank's Direct Deposit Advance
Date: Fri, 07/12/2013 - 20:38
So I have this Direct Deposit Advance on my old checking account at my bank. I can't close the account becaue of it so there has been a "hard hold" on the account and it is working for not allowing the payday loans to go through but this direct deposit advance is coming due and I will not have direct deposit set up yet on my new checking account by the time it is due. I went in today to talk them about it and they basically told me I was out of luck that it will be deducted from my old checking account causing overdraft fees if I did not pay it by the day its due. I am totally stressed out about this. Is there anything I can do? With everything I have learned about the payday loans, how are these direct deposit advances different? It is $550 and I am learning CA law says payday loans are $300 here. I am thinking of closing my new account and going someplace else and letting it go to collections so I can make the payments what do you think? Any help would be appreciated.
Tell your payroll department
Tell your payroll department to cut you a check...that your bank account was compromised.
