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  1. #1

    Unhappy Account Frozen from Bad Check

    My question involves a banking matter in the State of: Connecticut

    My account was frozen last week, apparently a check signed over to me did not go through properly, and they are going to be closing my account because there may have been a chance of fraud.

    I don't understand how they are holding my money that I deposited in CASH. Nor did I try and take out money from the check that was apparently possibly fraudulent. I was told I'd be receiving a check in the mail for the remainder left in my account, but I need it now, and they have not yet closed my account and it is still "frozen" I live pay check to paycheck and I have no money other then what was deposited!

    On the day that I found out my ATM card did not work, I went into the bank. They gave me $300 of the $650 that was legitimately in there, deposited the day before in cash at different branch. Now the women I had first spoken to is saying it will take up to 10 business days!

    Is this legal to hold my money that was deposited in cash if they already charged me the $10 for a returned check?

  2. #2
    Join Date
    Apr 2008
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    Texas (Dallas area)
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    Default Re: Account Frozen from Bad Check

    Quote Quoting ferretsratskittycats
    View Post
    My question involves a banking matter in the State of: Connecticut

    My account was frozen last week, apparently a check signed over to me did not go through properly, and they are going to be closing my account because there may have been a chance of fraud.

    I don't understand how they are holding my money that I deposited in CASH. Nor did I try and take out money from the check that was apparently possibly fraudulent. I was told I'd be receiving a check in the mail for the remainder left in my account, but I need it now, and they have not yet closed my account and it is still "frozen" I live pay check to paycheck and I have no money other then what was deposited!

    On the day that I found out my ATM card did not work, I went into the bank. They gave me $300 of the $650 that was legitimately in there, deposited the day before in cash at different branch. Now the women I had first spoken to is saying it will take up to 10 business days!

    Is this legal to hold my money that was deposited in cash if they already charged me the $10 for a returned check?

    They are just trying to protect their interest.

    The main problem here is if you where an innocent party to this or part of a scheme to defraud. The banks are very good at figuring these things out.

    If they suspect fraud on your part they will close the account and report you to a check services company which will prevent you from opening a new checking account at any bank in the USA for 8 years. They may also make a report to the proper authorities if they suspect fraud.

    They are holding your funds to let the "dust settle" , being sure no other checks are comming back. In time they will refund you any overage after enough time passes to see if any other checks will come back.

  3. #3

    Default Re: Account Frozen from Bad Check

    Quote Quoting OhMy
    View Post
    They are just trying to protect their interest.

    The main problem here is if you where an innocent party to this or part of a scheme to defraud. The banks are very good at figuring these things out.

    If they suspect fraud on your part they will close the account and report you to a check services company which will prevent you from opening a new checking account at any bank in the USA for 8 years. They may also make a report to the proper authorities if they suspect fraud.

    They are holding your funds to let the "dust settle" , being sure no other checks are comming back. In time they will refund you any overage after enough time passes to see if any other checks will come back.

    There are NO other checks, and they've already figured the funds aren't going through. They have no explanation as to why my account is still frozen, and I am not going to be able to get my account back (not that I want it). I want to know what rights I have to get the other few hundred dollars that was deposited in cash, as soon as possible. I made no deposits within the past 2 weeks other then the cash deposit, which was made me going into a branch and they instantly credited it to my account, no pendinig transactions. This deposit of the questionable check was made over 2 weeks ago, and they JUST froze it this past thursday.

  4. #4
    Join Date
    Apr 2008
    Location
    Texas (Dallas area)
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    Default Re: Account Frozen from Bad Check

    Quote Quoting ferretsratskittycats
    View Post
    There are NO other checks, and they've already figured the funds aren't going through. They have no explanation as to why my account is still frozen, and I am not going to be able to get my account back (not that I want it). I want to know what rights I have to get the other few hundred dollars that was deposited in cash, as soon as possible. I made no deposits within the past 2 weeks other then the cash deposit, which was made me going into a branch and they instantly credited it to my account, no pendinig transactions. This deposit of the questionable check was made over 2 weeks ago, and they JUST froze it this past thursday.
    You avoided the question;

    Are you an innocent party or where you part of the plan to defraud?

    Sure the branch cant tell you anything. This was done by the security office in the main office. It is out of the branches hands. The branch knows nothing about this as it is handled by others in the bank. Even if they did know they would not tell you.

    You are just going to have to wait this out for the "dust to settle". The bank can freeze any account if they suspect fraud.

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