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If you sent a payment to the bank clearly noted for a car loan but they deposited it in your account instead and then your car was repossessed can you sue the bank?
Wiki User
∙ 18y ago
It depends. What was the result of that error being made? Was your vehicle repossessed because the payment went to the wrong account? As far as "legally filing a lawsuit" you can do that to anyone for anything. Most banks will rectify the mistake by correcting the routing of that deposit and clearing the late fee if they see that the payment was received on or before the due date. However, they can tell if it was an honest error or if you are trying to slip one by on them.
Wiki User
∙ 18y ago
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Are Bank customers are considered creditors?
It depends. Yes - If they have deposited money into their accounts held with the bank, they are called creditors No - If they do not have any money deposited in their account with the bank. Instead if they are loan customers they are called debtors (or people who owe a debt to the bank)
What is Wells Fargo bank policy on cashing stale dated checks?
Wells Fargo will CLOSE your account if the check is considered Stale. It just happened to a friend of mine. No fault of her, she received a check with an incorrect date (2011 instead of 2012), she deposited it without noticing the date. Wells Fargo froze her account and then closed it.
How does a child savings account work?
A child savings account is a bank account that allows and teaches your child to save their money in a safe and responsible way, at a bank instead of somewhere at home where it can get lost.
What does neft mean in bank statement?
It could mean anything - one example could be 'non electronic funds transfer' - meaning the funds were withdrawn and deposited manually instead of by computer.
What are unpresented cheques?
Unpresented cheques are cheques that were issued to a person but they were never deposited by that person for encashment with his bank. It was never paid. For ex: let's say you owe me Rs. 10000/- and you gave me a cheque for the same last month. If I just fold it and keep it in my purse instead of depositing it in my bank account, it will stay in my wallet for as long as I don't take it out. Then it would become an unpresented cheque.
How do i get my check directly deposited into my checking account instead of getting it in the mail?
my crrunt acuont
How write a letter to bank for wrong cheque amount deposit in my account?
To write a letter to a bank about the wrong cheque amount being deposited into your account, you should provide as much information as possible. Include information on whether the error is to your benefit or not, and how much should have been deposited into your account instead.
Are Bank customers are considered creditors?
It depends. Yes - If they have deposited money into their accounts held with the bank, they are called creditors No - If they do not have any money deposited in their account with the bank. Instead if they are loan customers they are called debtors (or people who owe a debt to the bank)
What is difference between OD and CC account?
Cash credit Account (CC)This account is the primary method in which Banks lend money against the security of commodities and debt. It runs like a current account except that the money that can be withdrawn from this account is not restricted to the amount deposited in the account. Instead, the account holder is permitted to withdraw a certain sum called "limit" or "credit facility" in excess of the amount deposited in the account.Cash Credits are, in theory, payable on demand. These are, therefore, counter part of demand deposits of the Bank.Overdraft (OD)The word overdraft means the act of overdrawing from a Bank account. In other words, the account holder withdraws more money from a Bank Account than has been deposited in it.
Can you sue your bank for not Informing you about CD account money going to your checking account?
I dont think so. Usually while opening the CD you are asked the instructions upon maturity. If you had chosen the option of crediting your checking account then definitely you cannot sue them. In most cases, if no maturity instructions are given by the customer, the cash is deposited into his/her account. If you had provided specific maturity instructions and the bank dint follow it and instead deposited the cash to your account then you can. But before that you must give a written complaint to the bank and see what they have to say.
If a person has a check dated on 1-4-2012 for 1000 dollars can we say that he has 1000 in his pocket now?
Technically the money is not in their pocket. The check must be deposited or cashed by the person it is written out to, or otherwise endorsed. If the payee does not cash or deposit the check, they cannot give it out like bills of currency. When the check is deposited, the money is taken out of the check writer's account and deposited to the person it is written out to. If you cash it instead, the institution gives you their money and takes money out of the check writer's account.
If your car was repossessed and then you paid it in full how can you get the credit report to reflect it as paid instead of a charge off?
YES, ALL events relating to account activity should be on the CR. If the negative reports can be on it, the postitive can. Contact the CRB and get the info to add it.
How does a saving account work?
A child savings account is a bank account that allows and teaches your child to save their money in a safe and responsible way, at a bank instead of somewhere at home where it can get lost.
What is Wells Fargo bank policy on cashing stale dated checks?
Wells Fargo will CLOSE your account if the check is considered Stale. It just happened to a friend of mine. No fault of her, she received a check with an incorrect date (2011 instead of 2012), she deposited it without noticing the date. Wells Fargo froze her account and then closed it.
Can a company open PPF account for employee instead of PF account?
No.
Can you change your account number with your IRS tax refund if direct deposited?
Once the return has been filed, there is no way to correct the direct deposit information that you provided to the IRS. What will happen is that the IRS will attempt to deposit the funds in the account that you provided, and if it fails they will mail you a check instead. Obviously, this will delay your refund a bit, which I'm sure is not what you wanted to hear.
Why the drawings are debited instead of capital in general journal entries?
Drawing account is contra account used to charged for expenses by the owners of business instead of adjusting capital account repeatedly.
