Taking money from my account!

[Andyman]

I just got my bank statement. I had changed banks a month and a half ago at the advice of my attorney. I see that a credit card processing company that I had been using has taken $700 out of my account for what they call an early cancellation fee. I have no idea how they found out what my new account number was nor how they were allowed to do this!! I am shocked. Especially since I have included them and the $700 in my Chapter 13 plan!!! I have a call into my attorney but at this point I am agahst at how this could happen!!

[magyar123]

Go to your bank ansd have them reverse the withdrawal. Also file a police report.

[Andyman]

Go to your bank ansd have them reverse the withdrawal. Also file a police report.

I just don't understand how someone can access my account without my approval especially since I never gave out that information to the company. doesn't the bank have to have some sort of approval forms on hand to allow a company to debit your account?

[magyar123]

I just don't understand how someone can access my account without my approval especially since I never gave out that information to the company. doesn't the bank have to have some sort of approval forms on hand to allow a company to debit your account?

What bank was it - and what company made the illegal withdrawal???

[Andyman]

What bank was it - and what company made the illegal withdrawal???

My bank is Umpqua Bank in Oregon and the company that took my money is called Electronic Payment Systems. I just got back from the bank and filled out a dispute form that says I never authorized them nor have I ever authorized them to take any money out of my account.

Thanksfor the reply.

[magyar123]

Electronic Payment Systems sounds like a third party who is deducting payments for someone. Find out in whose behalf/behest they deducted the funds for. And try to find out how they got your bank account #.

[soleprop]

that definitely sounds fishy; the only kind of unauthorized account access i can think of that stands is a garnishment. this doesn't seem like a garnishment.....get on it and get your money back! and let us know what happens..

[Andyman]

that definitely sounds fishy; the only kind of unauthorized account access i can think of that stands is a garnishment. this doesn't seem like a garnishment.....get on it and get your money back! and let us know what happens..

I guess they have the right to have this "Early Termination Fee" as it was stated in the contract that they can do. When I changed banks I gave them the new bank info because I was in transition of cc processing companies. That was my big mistake. I should have cancelled when at my old bank then got the new cc processor when I went to the new bank. Hard lesson learned. If I didn't depend on my business needing to take credit cards I wouldn't. No amount of talking to these people has gotten anywhere. What pisses me off and it was my doing is that I told the processing company that I was filing CH13 and I would include them in the plan. They took the money out of my account the next day. I suppose if I had filed and then told them I might be able to get my money back.