| T.R | Title | User | Personal
Name | Date | Lines |
|---|
| 189.1 | | CVG::EDRY | This note's for you | Thu Jul 27 1989 13:50 | 5 |
|
How about the $3.00 charge that they take out of your share draft
account? Can you find a statement that shows this charge?
- Bob
|
| 189.2 | Maybe it never happened | EXIT26::STRATTON | I (heart) my wife | Thu Jul 27 1989 14:35 | 5 |
| I was going to answer the same as Bob (.1), but it occurs to
me that the situation that Jim (.0) could be that the DCU did
NOT make the stop payment (and therefore didn't charge for
it). Perhaps the check did, in fact, clear, and that's why Jim
is looking for proof that s/he requested the stop payment.
|
| 189.3 | | USCTR2::ZAPPIA | Dance partner excited | Thu Jul 27 1989 15:00 | 24 |
| My question wasn't very clear. There was no charge for the DCU
actions taken, even if there was, that's not what I'm looking for.
I joined a fitness center prior to its opening and they had set
the payments up so they would be automatically be taken from
checking account.
It turned out to be a bad move on my part, for a few reasons, but
anyhow, I thought it would be in my best interest to prevent them
from accessing my account in any way.
I was told that I couldn't prevent a certain individual or
business access but that I could put a stop on the amount, that is,
if anyone tried to access my account for this amount it wouldn't
clear, myself included.
So the record I am looking for is to show that I did take action
to stop payment.
- Jim
p.s. The opening tone of .0 was mis-directed since I can fortunately
say that I have never had any problems dealing with a DCU representative
over the phone or in person.
|
| 189.4 | | AKOV12::GIUNTA | | Fri Jul 28 1989 10:50 | 21 |
| I don't understand why you can't stop a business or individual from
making a withdrawal from your account. After all, it's your money
and once they no longer have your permission to access it, that's
all that should be necessary for the deductions to stop. Did the
DCU give you a reason why someone can get money out of your account
without your permission? And even if they say that you granted
that permission once, you have revoked it now so that should be
sufficient to stop it. And if they can only stop a specific amount
from being withdrawn, what's to stop the person doing the withdrawing
from changing the amount by a penny to get the money.
Have you considered moving all your money to the savings account
while this is being cleared up? Then, there wouldn't be any money
in the account to be withdrawn, or will the DCU treat it as a bounced
check? It seems to me that there must be a way to accomplish this.
It might be useful at this point to put everything in writing to
the DCU including the details around when you called to put the
stop on the amount and who you talked to. Then I'd start to elevate
this issue within the DCU.
|
| 189.5 | EFT | YODA::BARANSKI | Looking for the green flash | Fri Jul 28 1989 14:42 | 8 |
| What he has is an advance electronic funds transfer approved to pay the monthly
dues. Once you start these, they are very difficult to stop. I had one and
ended up closing the account and opening another. That's the only sure way to
stop it that I know.
Be carefull of EFT's there are a lot of scams out there.
Jim.
|
| 189.6 | Why didn't DCU tell you the stop would only last 6 months? | 17228::AINSLEY | Less than 150 kts. is TOO slow! | Mon Jul 31 1989 12:12 | 7 |
| re: .4
Also, the agreement with the financial institution you sign holds the financial
institution harmless in all cases except gross negligence, thus the financial
institution has very little incentive to get involved in any disagreements.
Bob_who_did_something_similar_once_and_will_NEVER_EVER_do_it_again
|
| 189.7 | Not always difficult to stop | BAGELS::LEVY | | Mon Aug 14 1989 13:53 | 13 |
| re: < Note 189.5 by YODA::BARANSKI "Looking for the green flash" >
>What he has is an advance electronic funds transfer approved to pay the monthly
>dues. Once you start these, they are very difficult to stop. I had one and
>ended up closing the account and opening another. That's the only sure way to
>stop it that I know.
Depends on the institution. One that I deal with sends a confirmation
letter to the account owner when a pre-approved recurring withdrawal
form is received by the institution. Account owner has the option of
terminating the agreement (at any time) with the institution, or
directly with the payee.
|
| 189.8 | Close it is the only solution! | MOSAIC::RU | | Fri Nov 03 1989 15:34 | 9 |
|
I had the same problem and DCU refuse to stop the auto withdraw.
They can stop the payment of a specified amount if you sign a form
and had $5 deducted as fee each time. But it won't work if the withdraw
amount changed. For example, the amount increased if they charge you
for interest for the money they didn't get because of stop payment.
In this regard, DCU's policy is un-acceptable.
I am going to close the account.
|