bank won't let me close or freeze my account

[Golden Krust]

My bank won't let me close or freeze my account. In the mean time it's being continuously overdrawn and I'm being charged multiple fees. What can I do?

[NEWSTARTIN2013]

What bank is it if you dont mind me asking?

[ronsetoe]

Most, if not all banks,will not let you close an account that is negative. You will have to bring it up to a 0 balance then close it. If you don't then more than likely you will go into chexsystems hell. goo luck

[futurehomeowner?]

Wild guess... Payday loan gone bad?

[stroked89coupe]

I would do what ever you can to make it current. Checksystems is no fun.

[GR8WhiTE]

I never understood what chexsystems really is

[boomhower1820]

I never understood what chexsystems really is

Basically it's a CRA type entity for bank accounts. If you have an account go bad and not brought current your entered as a derog in chex. They also keep track of how many accounts you open as well, something to keep in mind before going on a CU spree.

 

 

Sent from my iPhone using Tapatalk

[javamiester]

pardon my interruption...why would the number of CUs make any difference?

[cv91915]

My bank won't let me close or freeze my account. In the mean time it's being continuously overdrawn and I'm being charged multiple fees. What can I do?

You need to (1) rescind any automatic payment authorizations that are out there, and (2) stop writing checks. You haven't said why this is happening, so it's hard to suggest anything to help.

[ronsetoe]

pardon my interruption...why would the number of CUs make any difference?

greater chances of debit/check cashing fraud on the instution. You can open an account with $25 and you can spend $200 on that fresh new temp debit card. Dodd act.

[BRBiz]

Always always have more then one checking account for this reason.

[GR8WhiTE]

 

I never understood what chexsystems really is

Basically it's a CRA type entity for bank accounts. If you have an account go bad and not brought current your entered as a derog in chex. They also keep track of how many accounts you open as well, something to keep in mind before going on a CU spree.

 

 

Sent from my iPhone using Tapatalk

I don't think you can break it down any better than that. Thanks.

[GR8WhiTE]

 

pardon my interruption...why would the number of CUs make any difference?

greater chances of debit/check cashing fraud on the instution. You can open an account with $25 and you can spend $200 on that fresh new temp debit card. Dodd act.

makes a lot of sense

[Golden Krust]

What bank is it if you dont mind me asking?

PNC.

[Golden Krust]

Most, if not all banks,will not let you close an account that is negative. You will have to bring it up to a 0 balance then close it. If you don't then more than likely you will go into chexsystems hell. goo luck

I did that. I tried to initiate this when I had a money in the account, bu they told me I couldn't do it because I made a debit card uchase that morning.

[Golden Krust]

Wild guess... Payday loan gone bad?

Is that really a wild guess or did you search my post history? haha.

 

That's exactly what it is.

[Golden Krust]

 

My bank won't let me close or freeze my account. In the mean time it's being continuously overdrawn and I'm being charged multiple fees. What can I do?

You need to (1) rescind any automatic payment authorizations that are out there, and (2) stop writing checks. You haven't said why this is happening, so it's hard to suggest anything to help.

How do I rescind automatic payments?

 

I haven't been writng checks. These are automatic deductions that are taking place.

[mendelssohn]

 

 

Most, if not all banks,will not let you close an account that is negative. You will have to bring it up to a 0 balance then close it. If you don't then more than likely you will go into chexsystems hell. goo luck

I did that. I tried to initiate this when I had a money in the account, bu they told me I couldn't do it because I made a debit card uchase that morning.

You need to stop using the account and get a positive balance in there before closing. Why are you still using it if you need to close it?

[Golden Krust]

Always always have more then one checking account for this reason.

I have another checking account, but in the mean time, this fees on this one are adding up.

 

How can I get them to freeze my acount or put it on hold? so that I have a chacne to pay it off?

[Golden Krust]

 

 

 

Most, if not all banks,will not let you close an account that is negative. You will have to bring it up to a 0 balance then close it. If you don't then more than likely you will go into chexsystems hell. goo luck

I did that. I tried to initiate this when I had a money in the account, bu they told me I couldn't do it because I made a debit card uchase that morning.

You need to stop using the account and get a positive balance in there before closing. Why are you still using it if you need to close it?

I'm not using the account. Payments are being automatically withdrawn.

 

ETA: I see what you mean. I wasn't aware of what I needed to do in oder to clsoe it, outside of the account not being negative. If hat was they case I would not have made a puchase that morning.

Edited May 21, 2013 by Golden Krust

[cv91915]

 

 

 

My bank won't let me close or freeze my account. In the mean time it's being continuously overdrawn and I'm being charged multiple fees. What can I do?

 

You need to (1) rescind any automatic payment authorizations that are out there, and (2) stop writing checks. You haven't said why this is happening, so it's hard to suggest anything to help.

How do I rescind automatic payments?

 

I haven't been writng checks. These are automatic deductions that are taking place.

Your bank should tell you what they require to dishonor any auto payments that are attempted. Go in to a branch in person and ask for their help.

[phoenixisrising]

 

 

 

 

My bank won't let me close or freeze my account. In the mean time it's being continuously overdrawn and I'm being charged multiple fees. What can I do?

You need to (1) rescind any automatic payment authorizations that are out there, and (2) stop writing checks. You haven't said why this is happening, so it's hard to suggest anything to help.

How do I rescind automatic payments?

 

I haven't been writng checks. These are automatic deductions that are taking place.

Your bank should tell you what they require to dishonor any auto payments that are attempted. Go in to a branch in person and ask for their help.

 

To close it safely and cover your bases, you need to send two certified letters: one to the Company receiving the funds stating effective immediately, ACH authorization to your checking account is revoked - I would provide amount of ACH, date, bank and account withdrawn from but if this is a debt you owe and not a subscription or such, others hopefully will chime in as to whether account # is not good, one to your bank saying the same thing but with account details and such. With your bank, also send a copy of what you sent to the Company . The bank has to abide. Keep your green slips for years. Now the third letter should also go to your bank stating you want your accounts closed effective immediately and to forward any remaining balance to you via check. Be specific about your account in the body of the letter ie checking account, account #, saving account account #. Provide the address to send the check and provide your contact number in case.

 

You must do the first two right away to grasp hold of those fees which by the way.

Edited May 21, 2013 by phoenixisrising

[futurehomeowner?]

 

Wild guess... Payday loan gone bad?

Is that really a wild guess or did you search my post history? haha.

 

That's exactly what it is.

Pure wild guess.

 

I had the same thing happen to me in 2007. Had a payday loan and they tried to take it out on friday but I had no money so it went negative. They then tried to get it 3 times a day for the next week. My account went negative $2044 and is on my credit report now and I can not get a bank account. Luckily when it hit -2K dollar bank closed the account.

 

oh also, these people are relentless. They will call everyone you know, you have known, and that you will know in the future. If they amount is not too large you might want to just get this thing paid now before they haunt you like they haunt me. I deal with a new caller at least every other week and I am 6 years from it happening.

Edited May 21, 2013 by futurehomeowner?

[Golden Krust]

 

 

Wild guess... Payday loan gone bad?

Is that really a wild guess or did you search my post history? haha.

 

That's exactly what it is.

Pure wild guess.

 

I had the same thing happen to me in 2007. Had a payday loan and they tried to take it out on friday but I had no money so it went negative. They then tried to get it 3 times a day for the next week. My account went negative $2044 and is on my credit report now and I can not get a bank account. Luckily when it hit -2K dollar bank closed the account.

 

oh also, these people are relentless. They will call everyone you know, you have known, and that you will know in the future. If they amount is not too large you might want to just get this thing paid now before they haunt you like they haunt me. I deal with a new caller at least every other week and I am 6 years from it happening.

 

Who did you bank with?

 

I am going to call them and see if there is a limit. If they were to freeze the account and disallow any non-deposits, it would be much easier. I have no problem paying what I owe.

[futurehomeowner?]

dollar bank in Pittsburgh.