Unauthorized Transfers

[shotgun7]

I am just now starting to be late on some CC's will be awhile before I can file BK.

I have always paid everything online, through my bank account. Should I be worried about them taking funds without premission (without first sueing and getting a judgement)?

Thanks

[frogger]

Change banks and bank accounts a.s.a.p.

Problem solved.

[shotgun7]

Do I have to change banks, or just accounts? I have banked at this bank, well... Almost every since I have banked... And it is right by my work... and is the only bank in the town I live (I Live 15 miles away from the nearest small city and 25 from where I work)

FWIW I have never set up any auto pays, or anything like that.

I do see the reasoning behind it though... I just hate change

[ValleYum]

Do you owe the bank you bank with any money?

[shotgun7]

No, We have paid every loan we ever had with them off, nothing outstanding. I have 3 accounts with them. Joint checking, Biz Checking and Savings. no credit cards, or nothing like that.

[treehugger1]

Have you ever written any checks to creditors from a checking account at this bank? If so, there is a very good chance they have record of your routing number and account number.

Error on the side of caution.

[shotgun7]

No paper checks, but everything has been paid online, through that checking account.

[frogger]

No paper checks, but everything has been paid online, through that checking account.

Don't ever think that your information has not been retained. It has been.

While an unauthorized transfer "should" not occur, there is always the possibility that it can, especially if you are dealing with players other than the majors.

You should not have unauthorized transfers from the big banks or the major lenders, but you should change accounts before you have any problems.

[ksgirl38]

I just went through this exact same thing. If you initiated the transfer by logging on and making the payment yourself then you should be okay. As long as they don't take the money out yourself then that's where the problems usually are. I called my credit card company and told them I was switching bank accounts. Not a lie, but I was also planning on stopping payments to them. I made sure they deleted my info while I was on the phone with them. If you can log on and change your banking info or delete it from the website then it probably wouldn't hurt also.