Yesterday, I had my whole paycheck in my checking account. Today, I have none of it.in fact, I have $130 in overdraft charges. I went to withdraw money from an ATM and my account was depleted. I inquired with my bank as to why my balance was negative, and I was informed that there was a withdrawal in the amount of my entire balance, and then some by an outside agency, bankcard fnes.
My problem began when I opened a small business credit card account with BOA. When my business went under I struggled to make payments. I did the right thing by finding work, but I still fell behind in payments. So without notice BOA gave a collector "an outside agency" as I was told, the right to access my account and take my money! The bank officer said BOA has nothing to do with this and offered a toll free number that took me in circles with recordings, never to speak with anyone. How can they do this with out notifying me? I have kids to feed!
I have since learned that no matter what bank I open a new account with, collectors can and will get into my account and take what ever they want.
I will have better luck keeping my money in a mason jar than in a bank. At least if I get robbed I can go to the police, BOA doesn't need a gun to steal it. So i will do as my father did many years ago and cash my checks and pay with cash avoiding banks.
Why are we not aware the companies have this right?
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