Can Bank Of America Place A Hold On My Tax Refund

[dani0874]

Ok, so here is my story, a couple of weeks ago my husband received a check in the mail made out to him, so we deposited it into our checking account. Come to find out the check was a counterfeit, our account was immediately placed on hold. At this time we were waiting for our IRS tax refund to be direct deposited into our account. I spoke to a rep who told me that legally they could not with hold our tax refund, so when we saw the deposit was made I needed to call risk managment back and they could release our funds. So today I called to have them release my funds, but now I have someone telling me I was misinformed that they can hold whatever they want until the account is closed (which is scheduled for Feb. 2nd.) At that point they will send me a check for balance. Which should be around $4500. The check that was deposited we did not spend we were just seeing if it was legit, apparently it wasn't I had NO idea that they would shut our account down. I just want my tax refund I don't feel we should have to wait until the account is officially closed. Is it legal for them to hold IRS tax refunds that were direct deposited.

YES WE WERE STUPID FOR DEPOSITING THE CHECK. Lessoned learned

[dani0874]

Just to clarify.... I did not owe bank of america any money when the depost was made, my balance shows $4,069