Results 1 to 3 of 3
  1. #1

    Angry Unable to Get Money Back After Closing High Yield Checking Account

    Hello,

    Back in june 2020, I found a credit union (Ideal credit union in MN) with a high yield checking account of 4%, I signed up and created an account and deposited 5k into it. A week later the yield dropped down to 2% and I didnt realize that it was only for a short period of time so I decided to close my account. I closed my account, filled out the paperwork and they said a check will be coming in the mail in two weeks. Check never came, I called back and they said I should try withdrawing from partner location. I tried doing that and they said the account was locked. I call back again, the credit union and they said that there was a error and could not close the account and that the issue was forwarded to the internet security department.
    It is now August 27 and I am getting weekly emails from them on what the situation is. All I get is, our IS department is working on it and we will let you know when things change.
    Why on earth does it take 3 months for a IT department to remove an error to close an account? This sounds like fraud if you ask me and if this goes on another month idk what I am going to do...

  2. #2
    Join Date
    Oct 2016
    Posts
    4,301

    Default Re: Unable to Get Money Back After Closing High Yield Checking Account

    Quote Quoting Commonwealth97
    View Post
    Hello,


    Why on earth does it take 3 months for a IT department to remove an error to close an account?
    It really shouldn't. You need to contact someone more senior at the bank. If that doesn't work https://mn.gov/commerce/industries/f...ial%20services.

  3. #3
    Join Date
    Jul 2018
    Posts
    2,730

    Default Re: Unable to Get Money Back After Closing High Yield Checking Account


    1. Sponsored Links
       

Similar Threads

  1. Mortgages: Is It Legal to Loan Money Back to the Buyer Right After Closing
    By Nowsgood2 in forum Buying, Selling and Conveying Real Estate
    Replies: 3
    Last Post: 03-03-2014, 03:09 PM
  2. Fraud: Money Improperly Withdrawn from Checking Account
    By Illmatic11 in forum Criminal Charges
    Replies: 5
    Last Post: 03-11-2013, 08:03 PM
  3. Banking: Stopping a Check or Closing Checking Account Illegal Prior to Check's Mail Delivery
    By joshjta in forum Personal Finance And Investment Law
    Replies: 2
    Last Post: 02-23-2013, 12:50 PM
  4. Debt Collectors: Can a Bank Take Money Out a Checking Account Without Authirization Account Owner
    By wilcal722 in forum Debts and Collections
    Replies: 1
    Last Post: 10-25-2010, 12:58 PM
  5. Garnishment and Execution: Can Money Be Siezed from Joint Checking Account
    By elumina in forum Civil Procedure
    Replies: 2
    Last Post: 01-21-2010, 11:01 PM
 
 
Sponsored Links

Legal Help, Information and Resources