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Bank Accounts

What about unauthorized Electronic Funds Transfers (EFT)?

Answer: The Electronic Fund Transfer Act protects you against unauthorized electronic transfers and may entitle you to monetary damages and free attorney representation. You can receive up to $1,000 statutory damages plus any actual losses if your EFTA rights have been violated. Learn more. Additionally, if you do not report an unauthorized transfer that appears on your statement within 60 ...

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Can collectors withdraw funds from my bank account without my approval?

Answer: Although unethical collectors (yes, there are ethical collectors out there) threaten to take your money, doing so without your permission requires a court order! However, it happens more often than people realize. When it does happen, you’re dealing with an unethical collector who uses a variety of methods to steal your money. Some of their favorite methods include getting ...

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