US Bank
Bank Withdrew $1002 From Savings to Pay Delinquent Business Card

US Bank can withdraw funds from your US Bank checking account (also affiliate companies) to make payments on your US Bank credit card without your permission. Here is a letter I received from US Bank via UPS overnight mail:

Due to the continued delinquency of the above-referenced Business Card account and your refusal to acknowledge our collection efforts, please be advised that we will be withdrawing $1002.00 from the above referenced savings/checking account and applying this amount as payment on your Business Card account. We regret having to take this action, however, you failed to make on-time payments on the above-referenced Business Card account pursuant to the terms of your Cardmember agreement. In the event you should have any questions, please contact our Collection department at 1 866-790-5371. Sincerely Micheal Vail Cardmember Services.

And I thought only the IRS could take money from your account without your permission? The small print in your card member agreement book (And I do mean BOOK) states they have this right. Small business people beware and read the fine print! My greatest fear was terrorists up until this experience.

Ron
St. Peters, Missouri
U.S.A.

Company: US Bank
Country: USA
State: Missouri
City: Lake Saint Louis
Address: 1 Lake St. Louis Blvd
Phone: 8667905371

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