ACH Debits
Date: Mon, 01/03/2011 - 11:10
Help! I closed my checking account at Bank of America this morning. However,they say it will pend for 30 days . So if the payday lenders try to debit my account they will be able to do so. What can I do? They say there is no way they can do a Hard Close!
Take a list of the names of each lender and revoke their ACH rig
Take a list of the names of each lender and revoke their ACH rights to your account, per the EFTA law, give it to your BRANCH MANAGER, no one else will do!
Write each lenders name (don't miss any of them), say the follow
Write each lenders name (don't miss any of them), say the following:
Date:
Name of Bank
I hereby revoke any and all ACH authorizations with the following companies from debiting any of my personal accounts, per Federal law, Regulation E Section 205.10 Preauthorized transfers.
Sign it.