Can I stop direct deposit to my Bank of America Account overdrawn?

It can take a few days to put a stop pay on a payroll check...it is not something that can be done overnight. With larger companies, they use outside payroll companies that require 10-14 days notice.

When is your check due to be deposited. Unfortunatelly it may be too late for them to reroute the deposit or cut a paper check.

As for BofA they are RIDICULOUS to work with. I would go into the bank and try and get all the overdraft/NSF fees reversed due to the mix up. They have the capability of doing that right on the spot, I think they review your overdraft history. This way you can just pay the debit charges versus the $35 overdraft/NSF fees :?

BofA sometimes clears paper checks first and ACH withdrawls last even if they were pending. I fought them many times in the past with my old account.

I am not sure if they can hold a deposit on your account. The best you could do is try to close it, but a deposit within a certain time frame could repon the account. That depends if the bank had a "reopen" policy. Definately go in and get those overdraft fees reversed.

yea I already went in and called bank of america. they are NOT reversing the overdrafts. i just wonder can i put a hold on my account.

what would they do if someone stole your identity and you realized it and you told them you didnt want your paycheck issued in fear of your money being automatically stolen...?

there HAS to be a way in which the bank could freeze money both into and out of the account

They are not going to stop money going in.....especially when you are in overdraft.

what if someone got a hold of my card and swiped away and made my account overdraft? how is this different (other than obviously this didnt happen) but do they not have the ability to do such?

I also recieve direct deposit from SSI( I recieve a disability check) but I'd like to stop direct deposit on my check before Sept 1 and I have an overdraft charge to pay not only will they be taking out 35.00 but the person @ the bank is speaking of taking another overdraft fee of 35.00 if I've not paid the overdraft(which is only 5.00) in 10 days making it 70.00 just because of 5.00. My question is....Is there time to stop direct deposit before Sept 1 if I call today and can the bank charge me 2 overdraft fees?

Also the problem is BOA pays everything largest to smallest. They do this on purpose so they can hit you with OD fees. That`s why I moved my money to a credit union.

I have several bank accounts at regular banks and credit unions. I checked my BOA account and I just got hit for $70 in OD fees for a $5.98 7-Eleven purchase. I was pissed!! I did dispute the hell out of it being my overdraft protection did not kick in. I was refunded but they are very slick in the way they pay your debit withdrawls :evil:

there is really nothing that the bank can do to help you. They will allow the deposit regardless of any hold because your account is negative. The only way to stop a direct deposit is to have your HR dept do it. If they claim it is too late, it probably is. Make sure you stop it for the next time now before it is too late again

As of June, 2009 BoA began a new policy where they charge overdrawn accounts in the amount of $35.00 EVERY 4 days. Once Social Security submits your money directly into your ccount, they can't reverse it. It usually takes a week to go through. What strikes me odd, is that even though SS can't reverse the payment, BoA can STILL charge every 4 days while it's pending. That should absolutely be against the law.

Why does the bank hold ss checks for 4 days. I thought government checks clear right away. Mine did.

im having the a problem like that with BOA. Everytime i do a purchase with my debit card on friday or weekends I go and deposit this amount to the bank the following monday. Now they have this new thing where they charge you NSF fees even if the amounts are pending. Bank of america is just coming up with all this new bs in order to screw their customers. Therefore im changing to a credit union.

The are not screwing you. Why purchase something before you put the money in the bank. That is not the way to do things. Have the money and then buy what you want. Seems like you are trying to screw the bank

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Bank of America is horrible! I had an account where when I over drafted I didn't get any fees charged, and then all of a sudden, they charged me $700 in fees. Then, a week after that (when I was in the hospital having my baby), they CLEANED OUT ALL of my other accounts, and my husband's, too, leaving us behind on rent, car payment, and everything. It was awful. They still say I owe them money.

As to the original question- if you work for a big company, probably not. A smaller company MAY be able to, but again, mostly likely not.

Hey, Write a letter to corporate, that's why I did. They'll call you back within two days. Send the email to everyone in their corporate address list. Google the top execs. They removed 5 Overdraft Fees as a (one time courtesy). Courtesy my ass. they did the Largest to Smallest to me too.

Quote:

Bank of America Corporation
Attention Brian Moynihan
Bank of America Corporate Center
100 North Tryon Street
Charlotte, North Carolina 28255

This is also done at TD Bank!

I had the same thing happen to me feel your painnnn

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I have direct deposit and the bank has a hold on my account for fees purposes, insufficient funds. When I called they said that I have to talk to a manager. My question is tomorrow I get paid will they accept my direct deposit even if they have a hold in my account?

My bank pulled the Rent check then groceries, gas, walmart, and radio shack, even though i paid rent two days after the ALL of other smaller ones had cleared hitting me with $135 in overdraft fees and eating half my unemployment. I closed the account and deal with strictly cash and money orders. FK THE BANKING SYSTEM

How long does it take ssi ti stop direct depost to your bank. I know it takes mins. to deposit it!

Well... I won't be able to let you know the time taken to stop SSI direct deposit to your bank. You should have a word with the concerned authorities and take their opinion in this matter. However, you should note that it is always advised that people should go for direct deposit as it is safe and offers various benefits. To know more on this regard, take a look at "http://www.ssa.gov/deposit/DDFAQ898.htm"

Generally it takes a few weeks to stop a direct deposit but it really depends on your employer. You should contact them immediately