Banks merge all the time. Though it may appear the bank does not exist anymore, the paperwork should still be somewhere. Try going to the location of where your financial instution used to be. Even though they are not the same bank they should be able to help you out with the situation. I've worked at banks before and these things happen often.
It went NSF and your down payment is not paid. You will likely incur extra charges as well for the NSF not only from the bank but from whomever the down payment was for.
I just found the same thing on my suntrust bank statement, but it's NSF paid items penalty $35 ??? l found a similar charge, stating NSF Paid ltems Penalty-$105. l found this was a charge for overdrawing. . . Very unnecessary charge, but still.
Not unless the account went uppaid and the bank sent it to a collection agent. Vote on our videos at www.wowifixedmycredit.com
Yes, a bank can charge nsf fees to anyone they want to. You may want to check with other banks, and ask about their nsf policies. THE BANK CAN CHARGE NSF FEE TO THE PRESIDENT OF THE US.
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Ucc 4-401 says you must give the bank written notice. If you do, the bank cant pay the check till that date. If they still do and you get nsf they owe you. If no notice then nsf, ur sol.
Yes, but beware of the bank or the recipient of the check claiming Fraud.
It is legal for the bank to charge a fee for every nsf check on the account. Now they can't charge you an nsf fee that's higher than what they would charge anyone else. But, if there were 10 nsf checks, then they can (and will) charge 10 nsf fees. By the wording of the question "without contacting you to see whats going on with the account" I assume you mean do they have to call you to discuss this nsf problem? If so, then no, they don't. They did send you notices of the nsf/fee, right? Most banks will not contact you about NSF fees, so you may have them accumulating for days. Also, if you run out of money, you can often still withdraw money from an ATM, which will also generate a fee. It is up to you to track the money in your account. It is a tough lesson to learn, but you can go to the bank and ask for some relief in fees, if this has not happened to you before. Set up a savings account to be tied to the checking account so that you do not get caught in this bind again.
Everyone. The person who issues the check pays the merchant he wrote the check to, and their own bank. The merchant may have to also pay their bank.
usually refers to a purchase payment. RTN NSF = RETURNED NON SUFFICIENT FUNDS. basically you didn't have enough money in your account to cover the purchase price. the bank charges you around 42 dollars for this.
No they cannot. The check can only be honored with funds from the account it was written on.