This company took money out of my account without my permission. I did not owe this money. How can this be legal
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tj
Normally, they collect on bounced checks for merchants, often through resubmitting bounced checks as ACH charges.
There are also, however, many complaints against them for repeatedly contacting people in error, and a number of complaints for charging the wrong account.
If you haven't bounced any checks, and you haven't received any collection letters from them, you need to protect your own financial interests.
As with all unauthorized charges, you should immediately contact your bank to dispute any unauthorized or fraudulent charge, under FRB Reg. E for EFT charges to checking accounts or debit cards, and close the account due to fraud to prevent future unauthorized charges.
To dispute in accordance with FRB Reg. E, you should submit your dispute to your bank, and follow up in writing with a written dispute or fraud affidavit sent to your bank's dispute address from your statement, making sure you send it certified within 60 days from the statement date of the statement showing the disputed charge to comply with the FRB Reg. E dispute process. Your bank can yank back unauthorized charges.
Comments
There are also, however, many complaints against them for repeatedly contacting people in error, and a number of complaints for charging the wrong account.
If you haven't bounced any checks, and you haven't received any collection letters from them, you need to protect your own financial interests.
As with all unauthorized charges, you should immediately contact your bank to dispute any unauthorized or fraudulent charge, under FRB Reg. E for EFT charges to checking accounts or debit cards, and close the account due to fraud to prevent future unauthorized charges.
To dispute in accordance with FRB Reg. E, you should submit your dispute to your bank, and follow up in writing with a written dispute or fraud affidavit sent to your bank's dispute address from your statement, making sure you send it certified within 60 days from the statement date of the statement showing the disputed charge to comply with the FRB Reg. E dispute process. Your bank can yank back unauthorized charges.