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Bank turning my account over to Fraud

Date: Tue, 06/27/2006 - 06:22

Submitted by AmandaB
on Tue, 06/27/2006 - 06:22

Posts: 120 Credits: [Donate]

Total Replies: 25


I just got an email from the manager from my bank saying that he may be turning over my account to the fraud department bc there were so many debit's and no money in the account. I have asked them many number of times to shut down the account and they haven't now it is 3,000 dollars negative and i am working with t and c to start my program and my bank is one of the people i am going to be paying back using t and c. I need help... someone please help me!!!


Why in the world would your bank not worked with you when you first requested the account be closed. Do you have any documentation? Are they paying your pdl's or is this all bank fees? If it is all bank fees, fight it. If you placed phone called to close this account, it should be documented with their customer service. I do know that if your account is in a negative when you request the account be closed, they will not be able to close it until it is at zero. Can you provide more detail?


lrhall41

Submitted by KittieKat on Tue, 06/27/2006 - 06:52

( Posts: 308 | Credits: )


Usually banks will automatically close the account anyway when the account is so much in the negative. The bank I work at does that, but I haven't heard of them turning anybody over to fraud because of it. they just charge off the account and report it. I would open another bank account elswhere immediatly before they report you to chexsystem or whatever and it will be hard to open another one by then.


lrhall41

Submitted by PinkLady on Tue, 06/27/2006 - 06:53

( Posts: 1720 | Credits: )


Your right Yondela, now that I think of it, depending on your bank relationship, how long you have had the account and what activity has taken place, they will only extend you so much in the negative. That is a pretty large amount to be negative. Do a search on the internet for banks that do not use the chexsystem, there are few but they are out there.


lrhall41

Submitted by KittieKat on Tue, 06/27/2006 - 06:56

( Posts: 308 | Credits: )


Well i have opened another account at a credit union bc i was on chexsystems. I seem to be having trouble handling that account also, but its not as severe. Well i was having my paychecks direct deposited to the old account and then once i knew i needed to open another account, i did and am having my paychecks sent to the new account. so after that i asked the account be closed down and they said it was negative and said they couldn't close it. next i then told the bank manager what was going on and that i was contacting T&c to help me and that they would be helpiong me pay off the negative balance to the bank, and after that conversation i thought the account would be frozen, but the pdl's still contuine to take money. i have also asked them not to take they money but they still are. only a few are still taking money, the others have been contacted by t&c. but most of my negative balance is from fees. i am going to talk to the bank manager on my lunch hour. what should i say to him.? any words of advise? i am feeling super lonely right now and don't know where to turn? i can't seem to handle money very well and am currently in the negative with my new checking account. so many people need my moeny and it doesn't seem to strech far enough with 2 jobs and paying for school myself. PLEASE HELP.


lrhall41

Submitted by AmandaB on Tue, 06/27/2006 - 07:01

( Posts: 120 | Credits: )


I can't believe they are still letting items go through. Usually people can get so far in the negative and then the bank will start returning items. I needed to default on my payday loans and instead of closing my account, I just had my bank put a block on all debits. You should ask your bank to block any debits coming through your account. I think the bank is being greedy at this point and they are just trying to collect as many fees. Even though you asked the PDL's not to take money they are still going to try unless you block the debits. If you don't mind me asking, what bank do you bank at?


lrhall41

Submitted by PinkLady on Tue, 06/27/2006 - 07:07

( Posts: 1720 | Credits: )


AmandaB, when this happened to me, I was honest. I told them I got caught in the payday loan trap and I asked for their help. You are not the only one that your bank is seeing this with I am sure. My bank said they see it alot. Ask them, is there any way they can help with the NSF fees they charged you. These are bank fees, they can do without, believe me.
Just say, Please help me get this straighten out. If you are honest, most likely they will help.


lrhall41

Submitted by KittieKat on Tue, 06/27/2006 - 07:08

( Posts: 308 | Credits: )


A stop payment costs money too. And, it is not a promise to stop all debits from a pdl. They could have numerous payer id numbers. Even leaving the amount blank is not a promise. If you revoked your permission to acces your account further, and they did, you could have a dispute on your hands. I just went through this with my bank and they gave me my money back since I revoked permisson and the pdl sent me an email stating they received my letter stating this. Do you have anything in writing with your pdl revoking further activity?


lrhall41

Submitted by KittieKat on Tue, 06/27/2006 - 07:11

( Posts: 308 | Credits: )


I know here at my bank, blocking all debits doesn't cost anything. Stop payments cost, but it shouldn't cost to put one big block on the account. Considering whats going on with your account, your bank should have no hesitation in doing this. Like Linnie said, you should just be honest with them and see if they can refund any fees they have charged you especialy since you have repeatdly asked them to assist you.


lrhall41

Submitted by PinkLady on Tue, 06/27/2006 - 07:16

( Posts: 1720 | Credits: )


No i have nothing with the PDL's in writing. I am so confused on what to do. I just want to get all this behind me. I hope the bank manager will help me out. Yondela i bank with fifth third. i agree that they are being greety. thank you all for your help and advise. I am only 21 and have been through alot with credit card debt and now pdl's. my parents helped me out of most of my credit card debt. I am to ashamed to tell them about all this and i don't think they would help me anyway. I just want to pay this all off and go about being a 21 year old.


lrhall41

Submitted by AmandaB on Tue, 06/27/2006 - 07:17

( Posts: 120 | Credits: )


Amanda are you sure this was your bank manager? and not a pdl collector getting fancy? Most banks will close your account send you a letter to pay up and if you dont they send you to collections, all very business like. Have you tried going into your bank and talking to them?


lrhall41

Submitted by jj on Tue, 06/27/2006 - 08:04

( Posts: 1057 | Credits: )


5/3 is about the greediest bank in the business IMO. They're probably charging $6 a day the account is negative plus the OD fees.

I would write a letter to the manager and explain that these are unauthorized debits. I know in Ohio there is a web page of Ohio Department of Financial Institutions and it shows the contact person for each bank to lodge complaints. I had to do this for my bank (not 5/3-I have them now-lucky me! :roll: ) because I had written three letters telling them these were unauthorized debits and they still were charging me OD fees. I finally got it resolved. You can also make a complaint to the state.


lrhall41

Submitted by scooter on Tue, 06/27/2006 - 17:57

( Posts: 114 | Credits: )


5/3 is Fifth third Bank. They are one of the greediest banks I have every seen , going so far as charging $10 to cash a check drawn on their own bank. It doesn't surprise me one bit they would let this person get so upside down, or that they would be unwilling to help her make things right.


lrhall41

Submitted by LCW on Tue, 06/27/2006 - 20:42

( Posts: 1151 | Credits: )


WOW, why would anyone use them as a bank - (it's not a real question). I "bank" at a credit union and they are definitely much easier to work with but then again they aren't a large corporation that obviously doesn't care about their customers. Maybe Fifth Third needs to think about more than just the bottom line! Sorry to hear about all the trouble, I hope it gets cleared up!


lrhall41

Submitted by CycloneFan on Tue, 06/27/2006 - 21:10

( Posts: 1155 | Credits: )


Well i haven't heard anything from them yet, i have been contacted by another pdl today, and i told her to contact t&c and she was a total bitch to me and said that they wouldn't take t&c's proposal. so i said i am getting ready to go on vacation and that i wasn't able to take care of this. and she said " your going on vacation when you have a debt like this?" i said yes and its none of her business.... my parents are taking me on vacation.and its a well needed vacation. we are just going about 3 hours outside of our town so its not like i am going anywhere special and it's the fact that i am getting away. thanks for all of your advise. Scooter, do you know that website,I was thinking of contacting someone higher up than the local bank manager, i just didn't know who? any suggestions? well i again wanted to say thank you to everyone, you all have made me feel sooooo much better.... love to all!


lrhall41

Submitted by AmandaB on Thu, 06/29/2006 - 13:12

( Posts: 120 | Credits: )


Way to go AmandaB, those darn collectors trying to get all nosey. I had one call me today in regards to a credit card and she had the nerve to ask me if I can't a PAYDAY LOAN to pay off my balance. I laughed for about a minute before she could ask what was so funny. Enjoy your little trip and good luck with your bank situation.


lrhall41

Submitted by PinkLady on Thu, 06/29/2006 - 13:23

( Posts: 1720 | Credits: )


Here is the web page:

www.com.state.oh.us/dfi/ccdepins.htm

Scroll down to the banks list and it gives you contact name, addresses and email for complaints for each bank.

Another example of 5/3 greed: Say you have $100 in your account and you make a mistake in calculation and debits/checks of $20, $30 and $100 come in. Even though there is enough money in there to pay the two smaller checks, they take the largest one first to overdraw the account and then charge $33 for EACH debit/check. :shock: Then if you don't bring your account positive in 3 business days, they charge you $6 a day beginning on the day the account was first overdrawn including non-business days, weekends, holidays. :evil:


lrhall41

Submitted by scooter on Thu, 06/29/2006 - 15:28

( Posts: 114 | Credits: )


well i am back from my vacation. So you will all be happy to know that my bank did not turn me over to the fraud department, but they did shut my account and send it to a collection agency. whom wants the money in full. Yeah good luck with that. plus my other checking account was negative due to an error on my part. Does anyone know what i can do to learn howw to properly balance a check book and help it not go negative? i am terrible at it, thanks for listening!


lrhall41

Submitted by AmandaB on Mon, 07/10/2006 - 06:14

( Posts: 120 | Credits: )


Amanda, it's better to clear off the dues with your bank so that they can see you taking your responsibility. This way, the negative markings in the bank records will also vanish gradually. You will have to think two steps ahead and maintain a good relation with them. You can also try out some payment arrangements for the account sent to the collection agency. If you establish a good record with them, they will pull the file from the collectors and accept your payment arrangements.

The best way to maintain your check book is to monitor it regularly. Spend as much balance is there in your account. Don't overspend because if you cannot pay it within the timeframe, it will go towards the negative only and the situation worsens from that point. I will like to live on the available cash rather than being unable to maintain the credit.


lrhall41

Submitted by BuildingWealth on Mon, 07/10/2006 - 11:55

( Posts: 491 | Credits: )