Bank Question? I Got Screwed Over

[Cal166]

So there's the deal:

-I have a personal GreenPoint(NorthFork) account for over a year.

-Over the summer I opened a joint account with my GF at the same bank.

-Stupid bank lets her deposite a check with a large amount into the joint account. The check did not fully cleared and within that time the bank lets her take out a certified check for the amount she deposited. A week later the original check bounces and now has a negative balance.

-Another week later, Bank closes the joint account and took all my money I had from my other personal account.


That's just Fked up. I have to take care of her mess and mistakes cuz the bank lets her take out a certified check without any funds in there.


Do they have the right to do this?

 

[Cal166]

ONe last try

 

[Anubis]

if the bank gave her a certified check when there were no funds to cover it they fvcked up big time

 

[Pepsi90919]

why did you deposit a bad cheque again?

 

[Cal166]

she deposit the bad check, not me. This is the joint account.

 

[jst0ney]

Originally posted by: Pepsi90919
why did you deposit a bad cheque again?

seems to me that you fvcked up. Banks let people withdrawl from an account after a deposit. But that withdrawl is on credit and assumes that the cheque is good. If the cheque is bad you owe them that money. And they have every right to forclose on an account per the agreement.

 

[Cal166]

Originally posted by: jst0ney

Originally posted by: Pepsi90919
why did you deposit a bad cheque again?

seems to me that you fvcked up. Banks let people withdrawl from an account after a deposit. But that withdrawl is on credit and assumes that the cheque is good. If the cheque is bad you owe them that money. And they have every right to forclose on an account per the agreement.

Even if its not my fault and they went into my OWN personal account and took all my money?

 

[jst0ney]

Originally posted by: Cal166
she deposit the bad check, not me. This is the joint account.

joint bonuses, joint penalities. Thats the point of a joint account. Your a$$ is on the line if the other person messes up.

 

[jst0ney]

Originally posted by: Cal166

Originally posted by: jst0ney

Originally posted by: Pepsi90919
why did you deposit a bad cheque again?

seems to me that you fvcked up. Banks let people withdrawl from an account after a deposit. But that withdrawl is on credit and assumes that the cheque is good. If the cheque is bad you owe them that money. And they have every right to forclose on an account per the agreement.

Even if its not my fault and they went into my OWN personal account and took all my money?

I don't mean to sound harsh but yes. The joint account gives the bank this right.

 

By signing up for a joint account you agree to let the bank hold you AND your gf responsible in case of situations like this. It's like cosigning on a loan. Sorry, you lose.

 

[Mill]

Originally posted by: jst0ney

Originally posted by: Cal166
she deposit the bad check, not me. This is the joint account.

joint bonuses, joint penalities. Thats the point of a joint account. Your a$$ is on the line if the other person messes up.

Right, but they took money from his PERSONAL account to cover the Joint Account, and unless you signed some kind of waiver I would think that wouldn't be legal.

 

[exorr]

Big question...the check that bounced...are you going to get that money somehow?

 

[Cal166]

awwwww fsck!

 

[mugs]

Originally posted by: Cal166
she deposit the bad check, not me. This is the joint account.

Why did SHE deposit a bad check? Get the money back from her...

 

[Cal166]

Originally posted by: mugs

Originally posted by: Cal166
she deposit the bad check, not me. This is the joint account.

Why did SHE deposit a bad check? Get the money back from her...

Of course i will but i just dont see why the bank goes into my own personal account and took all my money so damn fast.

 

[anxi80]

for future reference... not that i would ever do a joint account personally, but is it advisable then that if a couple is to open up a joint account, would it be best to do it at another institution?

edit: ahh, i see. i guess it has to be something agreed upon when originally creating the joint account.

 

[pulse8]

Originally posted by: jst0ney

Originally posted by: Pepsi90919
why did you deposit a bad cheque again?

seems to me that you fvcked up. Banks let people withdrawl from an account after a deposit. But that withdrawl is on credit and assumes that the cheque is good. If the cheque is bad you owe them that money. And they have every right to forclose on an account per the agreement.

Every bank I've had never lets me take out anything more than what my available balance is.

 

Originally posted by: Cal166

Originally posted by: mugs

Originally posted by: Cal166
she deposit the bad check, not me. This is the joint account.

Why did SHE deposit a bad check? Get the money back from her...

Of course i will but i just dont see why the bank goes into my own personal account and took all my money so damn fast.

Do you still have the agreement you signed when you opened the account? That'll tell you if they're allowed to link accounts to your joint account.

 

[Kelvrick]

Originally posted by: pulse8

Originally posted by: jst0ney

Originally posted by: Pepsi90919
why did you deposit a bad cheque again?

seems to me that you fvcked up. Banks let people withdrawl from an account after a deposit. But that withdrawl is on credit and assumes that the cheque is good. If the cheque is bad you owe them that money. And they have every right to forclose on an account per the agreement.

Every bank I've had never lets me take out anything more than what my available balance is.

If she went into the bank and deposited a check, she could have said something like this is my paycheck or whatever and the teller might waive the waiting period and make all the funds available.

 

[BHeemsoth]

Originally posted by: pulse8

Originally posted by: jst0ney

Originally posted by: Pepsi90919
why did you deposit a bad cheque again?

seems to me that you fvcked up. Banks let people withdrawl from an account after a deposit. But that withdrawl is on credit and assumes that the cheque is good. If the cheque is bad you owe them that money. And they have every right to forclose on an account per the agreement.

Every bank I've had never lets me take out anything more than what my available balance is.

Fleet allows you to overdraft your account...I took out a few extra bucks and was charged with a $25 fee.

I was kind of mad when I was told of this.

 

[her209]

Yet another of example why women and finances should not mix.

 

[exorr]

Originally posted by: rpbri2886

Originally posted by: pulse8

Originally posted by: jst0ney

Originally posted by: Pepsi90919
why did you deposit a bad cheque again?

seems to me that you fvcked up. Banks let people withdrawl from an account after a deposit. But that withdrawl is on credit and assumes that the cheque is good. If the cheque is bad you owe them that money. And they have every right to forclose on an account per the agreement.

Every bank I've had never lets me take out anything more than what my available balance is.

Fleet allows you to overdraft your account...I took out a few extra bucks and was charged with a $25 fee.

I was kind of mad when I was told of this.

They do this for your benefit. Trust me it can come in handy. I would much rather pay my back $25 for writing a check that I couldn't cover than have that same check bounce. Then I would pay a fee with whoever the check bounced for, plus have to issue them another check, plus it just plain looks bad when you have a check bounce...

 

[Eli]

Originally posted by: pulse8

Originally posted by: jst0ney

Originally posted by: Pepsi90919
why did you deposit a bad cheque again?

seems to me that you fvcked up. Banks let people withdrawl from an account after a deposit. But that withdrawl is on credit and assumes that the cheque is good. If the cheque is bad you owe them that money. And they have every right to forclose on an account per the agreement.

Every bank I've had never lets me take out anything more than what my available balance is.

Really?...

Every bank I've ever dealt with(only 2... ) will overdraft you account as a "courtesy" if you don't have funds, and then go ahead and charge you an overdraft fee....

I wish they just denied the charge.....

 

[PoPPeR]

Originally posted by: her209
Yet another of example why women and finances should not mix.

finances, cars, computers... etc.

 

[Kelvrick]

Originally posted by: Eli

Originally posted by: pulse8

Originally posted by: jst0ney

Originally posted by: Pepsi90919
why did you deposit a bad cheque again?

seems to me that you fvcked up. Banks let people withdrawl from an account after a deposit. But that withdrawl is on credit and assumes that the cheque is good. If the cheque is bad you owe them that money. And they have every right to forclose on an account per the agreement.

Every bank I've had never lets me take out anything more than what my available balance is.

Really?...

Every bank I've ever dealt with(only 2... ) will overdraft you account as a "courtesy" if you don't have funds, and then go ahead and charge you an overdraft fee....

I wish they just denied the charge.....

Haha, I hope my bank never does that. I remember one time I was a poor as fvck college student (even poorer then now) and I was running out of gas on a trip down to LA and suddenly hit stop/go traffic above LA with a low tank. If I couldn't afford gas, I couldn't afford a tow truck, now could I? So, I got into a station, shoved in my ATM card and they let me overdraft my account for some gas.