Quick question about a new bank account

Beware. Do not take out another loan with anyone as they all seem to share information. Good way to have your new account cleaned out.

Usually somewhere in their "contract' is a clause that says you give them permission to debit any and all accounts you may have. Be careful.

No intention on getting a loan. I've been using a netspend prepaid card for month and don't really have any problems with that but want a regular bank account now. I'm thinking of just telling them when I open it to not allow ACH's to and from the account, in essence blocking anyone from taking anything out if they tried.

Is the account at the same bank? If so then ask the branch manager when you open the new account if it can be accessed by an ACH for your old account.

When you had the old loans did you send them an ACH revocation statement?

No completely different bank. This is TCF Bank. one of the few banks out there that doesn't use chexsystems I just figured out after doing more research with them. Got TCf's all over around here in Minny.

If you are at a different bank then you should be okay.

Just be aware that if you apply for a new loan that many times the loan is with a sister company of a loan you may have already taken or that info may be shared with other internet PDLs in an attempt to get you a loan.

They will then use that information to collect on a old loan.

A loan in general or a payday loan? I have no intention of ever getting a payday loan again.

If you go w/ TCF Beware, they will fee you to death. They charge .30cents for each POS transacation as well as 2.00 for withdrawls at a non tcf branch. Oh, and it won't show up right away. They'll do it two weeks after the transaction.

If you want to use services such as Moneygram/Western Union to send money using their Debit card, they won't let you because of previous "Fraud" using their cards. So they put a blanket "You can't use either of these types of services", on every single debit card. Not sure if you would be able to load your Netspend card.. as I don't have experiance with that.

If you opened an account with a 'new' bank, and don't give your information out about your 'new' account, then no one should beable to get into it. Just becareful who you give your 'personal' info too. If your 'old' account is closed, then nothing will beable to come out of it. If PDL's try to debit your 'old' account, they will not get their payment..the payment will be sent back. I had to do this ( close an account and open another one) at one time. REALLY did help.

I read nightmare stories about these payday loans finding your new accounts. That's why I posed the question. I plan to keep a small amount in there until I know I can have ACH's blocked.

GUEST.....if you opened a 'new' account, at ANOTHER bank, I think you'll be ok. They don't have access OR permission, to get into your 'new' one.

whats a POS transaction. withdrawal fee at non tcf bank wont be a problem because I have TCF's all around me.

yeah same here.i bank with TCF and have had no problems.there are branches at every JEWEL/OSCO around me.i have no complaints after 2 yrs with them.

On your statement, when it says POS: this means your Debit card ( for that particular account) was used. IE: if you see POS $5.00, this means that your Debit Card was used for a $5.00 transaction. Hope this explains things.

POS=Point of Sale

If you do alot of internet purchases, alot of them will show up as POS. As someone mentioned if you look at your statement on the left hand side it will say "Pos transacation" or something simular.

beli whats your overall opinion on tcf? i assume you've banked there. also anyone that currently has would like there opinion. my parents back there and they havent had problems.

I use my Debit Card to pay bills on the Internet. SOO......each month, on my Bank statement I see ALOT of POS's. :D

again i have banked there for 2 yrs and have had no problems.if you find a bank that won't charge for POS debit transcations besides a credit union.let me know.

A payday loan is what I was referring to.

Try US Bank, Paul.

Personally, if you don't need to use Moneygram/and or Western Union, then you should be okay.. as long as you can handle the fees.That's my only gripe about em (Okay two)

Also National City bank doesn't charge any for any additional fees if you use a non atm/pos transacations that I know ofbut they do use chexsystems.

just press "credit" instead of "debit" and there wont be a fee..POS is when you enter your pin number....