Bank taking Child Support payments (moved from NYC Forum) (funds, pay, deposit)
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My checking account in JP Morgan Chase was closed due to a negative balance. Now the bank is taken my child support money I get directly deposited every week from my savings account. How can I get it back. I closed the savings account yesterday. The bank said as long as the account is in my name and I owe them, it does not matter if it's child support money, they can take it. Is that so??
My checking account in JP Morgan Chase was closed due to a negative balance. Now the bank is taken my child support money I get directly deposited every week from my savings account. How can I get it back. I closed the savings account yesterday. The bank said as long as the account is in my name and I owe them, it does not matter if it's child support money, they can take it. Is that so??
Did you or did you not write checks that you didn't have enough money to cover? That's usually how an account becomes overdrawn. If you overdrew the account you are responsible to make good on the funds that you have used and any fees. I don't see the relevance of where the money came from.
Did you or did you not write checks that you didn't have enough money to cover? That's usually how an account becomes overdrawn. If you overdrew the account you are responsible to make good on the funds that you have used and any fees. I don't see the relevance of where the money came from.
Totally agree. Based upon what you've posted, why does it matter that it's child support payments? If you owe them, they're going to take it. I'm no fan of Chase, but they have the right to collect what you owe. Are you expecting them to maintain your account for free?
Unless you've left out some other detail here, i don't see your beef.
Agree with the two posts above; the bank is covering your checking account overdraft with the money in your savings account. End of story. The purpose of the money in the savings account is irrelevant. To avoid this problem in the future the solution is obvious.
I too have to side with the bank on this one. If your overdrawn on your account the bank has the right to collect those funds by any means possible. As an account holder it is your responsibility to balance the account and not to authorize charges or write checks for money that is not available.
I understand what you are all saying, but I wanted to pay back the bank. I asked them for a payment arrangement but they wanted the whole balance. The child support is for my children. It goes to the savings account for them. It is strictly for them and the only activity that occurs in that account is the deposit from child support. I do not mind paying back, I am just saying that this money they took was not mine. The overdrawn checking was due to a check that did not clear.
I understand what you are all saying, but I wanted to pay back the bank. I asked them for a payment arrangement but they wanted the whole balance. The child support is for my children. It goes to the savings account for them. It is strictly for them and the only activity that occurs in that account is the deposit from child support. I do not mind paying back, I am just saying that this money they took was not mine. The overdrawn checking was due to a check that did not clear.
All I can say is that they aren't breaking any laws by doing what they did. If you don't like how they conduct business feel free to go to their competition. I use TD Bank, they don't charge alot of the fees that many other banks charge. Since your in NY you should definitely check them out.
I understand what you are all saying, but I wanted to pay back the bank. I asked them for a payment arrangement but they wanted the whole balance. The child support is for my children. It goes to the savings account for them. It is strictly for them and the only activity that occurs in that account is the deposit from child support. I do not mind paying back, I am just saying that this money they took was not mine. The overdrawn checking was due to a check that did not clear.
You can go to jail for writing bad checks. Their is no payment arrangement. I've never heard anything so ridiculous.
On further thinking about this, if you've never bounced a check before just go to the branch manager and ask him or her to reimburse you the fees. I don't understand why one overdraft occurence would close out your account either. Maybe a smaller bank would be better for you. And next time if you must write a check on uncleared funds, at least send a note with your post-dated check to the payee and aske them to hold off negotiating your check.
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