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Originally posted by UniverSoul
Originally posted by hawkiye
Originally posted by UniverSoul
i was under the impression they had no legal right to do this?
greedy banks make me sick
It's probably in your contract (that nobody reads) when you open an account. You'd be surprised what is in there they can hold your money for up to 6 months and not give it to you and you agreed to it by signing the contract...
do you think seeming we may have to wait 6 months there is a way people can go to their banks now and advise them they may want to withdraw so that 6 months has started in a sense..just as a backup
would be good to hear from someone with real banking law knowledge
im lucky im with a credit union
Originally posted by rEVOLuti0nary
Let me say a few things:
I've worked in banking since I was 17 (I am now 24) and if you bank at any of the big, publicly owned banks - their only mission is to make profit to satisfy their shareholders. My advice to you - STOP banking at banks and join a credit union. They are financial cooperatives that are owned by their depositors. I finally made the switch from working for banks to a credit union recently myself and can tell you I can respect my choice of work again.
Secondly, BofA (and I think some other larger banks) recently changed their account agreements (for all depositors, existing and new) that added a provision that stated that, if the bank decides to, it may require 7 days written notice to withdraw your funds. CHECK YOUR AGREEMENTS BEFORE IT'S TOO LATE, PEOPLE!
And I have to also agree that the OP is a bit misleading. I actually went to BofA on Monday to get an overdraft fee refund - it was the first time that had happened to my account. The lady refused to give me back the fee and wouldn't tell me why, which I found very strange. (Note: most banks will give you a one time courtesy refund.) In response to that, I decided to close my account, and I was given my money with no problems. In and out in 10 minutes.
So yeah. Seriously. Read all the paperwork you received when you opened your accounts. If anything was changed in the terms, you would have gotten it in the mail. You probably threw it out. Make sure you know what you signed up for, because when the SHTF, you'll probably be s**t outta luck.
Originally posted by Cosmic911
Originally posted by UniverSoul
i was under the impression they had no legal right to do this?
greedy banks make me sick
This is why I laugh when banks get robbed. I never feel bad when the greedy bankers lose ten or twenty thousand!
Originally posted by greenCo
This is just plain absurd!! and a heavy signal of inminent bankrupcy.
edit on 5-10-2011 by greenCo because: (no reason given)edit on 5-10-2011 by greenCo because: (no reason given)edit on 5-10-2011 by greenCo because: (no reason given)
Originally posted by DarthMuerte
Congress makes them after the banks and mega corps BUY them.
Originally posted by GeorgiaGirl
Originally posted by illuminatislave
reply to post by GeorgiaGirl
You do realize that Congress and the Banks work hand in hand?
You do realize that the Congress makes the laws, NOT the banks?