Automated Debits from Bank Account

[DivorceRuinedMe]

I had an automatic debit set up to take out money each month for my HELOC with Wells Fargo. I asked them to stop this activity in writing and they have ignored my request. I have since closed the account that they were allowed to debit money out of. Now I'm just wondering, if they continue to try to get money out of a closed account, can I be hit with overdraft fees if there's no money in the account? Or when they try to go and get money out there's nothing there for them to take and they are basically SOL?

[lrprn]

Now I'm just wondering, if they continue to try to get money out of a closed account, can I be hit with overdraft fees if there's no money in the account? Or when they try to go and get money out there's nothing there for them to take and they are basically SOL?

DRM, if you are paying the mortgage company another way and on time every month, then your mortgage company has no reason to go into your closed account for a payment. However, if you intend to let the house go, then it won't matter whether they pile late fees on or not - you are discharging the entire sum of what you owe the day you file (unless you sign a reaffirmation agreement).

[twuoo]

Be careful, you should notify your bank in writing as well. I had a cc company try to deduct a payment out of a closed checking account and I got slammed with the overdraft fee!

[DivorceRuinedMe]

It's a HELOC that is attached to a the house that I'm letting go. They always just automatically withdrew it but I did ask them not to recently. I think they realized that I'm not paying the mortgage anymore so they just kept taking the money. I called the bank and they told me that they cannot get money from a closed account and that there will be no NSF fees if they try. Whew - I can't afford anymore of those NSF fees.