My bank let someone remove money from my checking account and they were not on my account. Now the bank is bouncing all my checks, is this legal? If not how do I handle this.
Untitled
It's possible that the bank received a legal attachment or levy against your funds. If that's the case, the bank acted properly; it had no choice. You should, however, have been sent a copy of the legal paperwork.
If the bank allowed a third party to take funds from your account without something like an attachment or levy as authorization, the bank erred, and you should be entitled to a return of those funds and a reversal of all overdraftfees caused by the error. You should also ask the bank for a letter explaining its error, which you can share with businesses or others who received your bounced checks back, but the first thing you should do is ask for an explanation of why the funds were removed from your account.
BankingQuestions.com is a free service made possible by the generous support of our advertisers. Advertisers are not responsible for site content. Please help us keep BankingQuestions.com FREE by supporting our advertisers. When you see an ad for a product or service you may have an interest in, click through to learn more.
Accounts
Article
Q&A
Podcast
Video
Blog
Discussions
PDF
Powerpoint
It's possible that the bank received a legal attachment or levy against your funds. If that's the case, the bank acted properly; it had no choice. You should, however, have been sent a copy of the legal paperwork.