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Dammit, Bank declined an echeck again for insufficient funds again!

J

Jugernot

Diamond Member
I posted a couple of week ago that I recently switched banks and forgot to switch one of my CC payments over to my new bank and the payment bounces... well it happened again with my mutual fund. I thought I got everything changed over, but apparently I didn't change it in time for it to take effect.

So here is my question, if I close my account at my old bank, will this stop me from getting change the $25 if something else that I haven't thought of try to get funds from my old account? It has no money in it as I've transfer everything over to my new Wells Fargo account. If I close my account, can they stilll charge for the $25 fee or will the company requesting the money just get a message saying "Sorry, no member exists with that account."???

Basically what I"m asking is... if I close my account at a bank and an echeck is written to my old account, can they still charge me the $25 for declining the transaction?

Anyone?
 
They will charge you the fee and if you don't pay it they will turn it over to collections. I speak from experience because I had an account that I closed a year and a half ago. A company tried to take funds out and it had zero balance. I was charged a NSF fee that mushroomed from 30 to 100 dollars because I NEVER knew that account was overdrafted. After a year and a half a collections company called me. They were rude and abusive so I paid the charge and then hung up.
 
Originally posted by: Millennium
They will charge you the fee and if you don't pay it they will turn it over to collections. I speak from experience because I had an account that I closed a year and a half ago. A company tried to take funds out and it had zero balance. I was charged a NSF fee that mushroomed from 30 to 100 dollars because I NEVER knew that account was overdrafted. After a year and a half a collections company called me. They were rude and abusive so I paid the charge and then hung up.
Click to expand...

Ok, so there is really no advantage to closing the account?
 
No just pay the fee........... It was your mistake and banks will go after you out of principle. They don't let any amount slide.
 
Originally posted by: Jugernot
Originally posted by: Millennium
They will charge you the fee and if you don't pay it they will turn it over to collections. I speak from experience because I had an account that I closed a year and a half ago. A company tried to take funds out and it had zero balance. I was charged a NSF fee that mushroomed from 30 to 100 dollars because I NEVER knew that account was overdrafted. After a year and a half a collections company called me. They were rude and abusive so I paid the charge and then hung up.
Click to expand...

Ok, so there is really no advantage to closing the account?
Click to expand...

Well... make sure you have all other monthly withdrawals and drafts transferred over, pay the fee and then close out the account. They will come after you even if you didn't know about it. What Walleye said was dead on. They won't let you slide on a penny.
 
I'm not talking about not paying the fee, I'll pay it no problem.

I'd just like to avoid this in the future if I've forgotten some yearly transaction somehow that I had auto come out of my old bank account. That is all, I'm not trying to get out of paying the fee now.
 
Originally posted by: Jugernot
I'm not talking about not paying the fee, I'll pay it no problem.

I'd just like to avoid this in the future if I've forgotten some yearly transaction somehow that I had auto come out of my old bank account. That is all, I'm not trying to get out of paying the fee now.
Click to expand...

Well I would suggest when you close the bank ask them to make sure they don't allow anyone to even attempt a withdrawal.
 
My brother closed a personal checking account at one bank and moved it to another bank... Apparently he didn't think to give BlockBuster his new CC number... for an old account that he forgot he even had there (at Blockbuster). Seems he never returned a movie. When they billed his credit card number, associated w/ the old checking account, the first bank reopened the account, sending it into overdraft status. He didn't receive notice that it had been overdrawn until a collection agency contacted him. By that time, the bank had contacted CheckSystems, and now he can't open a checking account anywhere for like 7 years. Nevermind that he paid the balance in full as soon as he found out about it...

Drew
 
Originally posted by: GeekDrew
My brother closed a personal checking account at one bank and moved it to another bank... Apparently he didn't think to give BlockBuster his new CC number... for an old account that he forgot he even had there (at Blockbuster). Seems he never returned a movie. When they billed his credit card number, associated w/ the old checking account, the first bank reopened the account, sending it into overdraft status. He didn't receive notice that it had been overdrawn until a collection agency contacted him. By that time, the bank had contacted CheckSystems, and now he can't open a checking account anywhere for like 7 years. Nevermind that he paid the balance in full as soon as he found out about it...

Drew
Click to expand...

This is the exact reason I want to close the account "for good"! I don't want something to be taken out and not find out about it until it's too late. I guess I'll contact my CU on Monday and tell them that I've switched and would like to close the account and not allow anymore transactions through it.
 
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