Jimbalaya007
New Member
My wife and I were moving so I closed my checking and savings account with my bank. The bank issued me a check for the remaining balance in the account and my business relationship with them was done. Or so I thought. 7 weeks later I receive a letter of overdrawn account and $39 overdraft fee. Apparently, I forgot to change one account over to my new bank. So the bank pays the $1.05 charge and reopens my account, then charges me the fee. The multiple supervisors I spoke with on the phone said it's my fault for not changing over my accounts to my new bank. Their policy is to pay any charges that come into them within 60 days of my account being closed. Now how is that legal? In their explanation, I agreed to this when I signed the card to open my account with them. I think it's a scam and am thoroughly disgusted with these shady practices of corporate banking world. If I don't pay this within 7 business days (which is 2 days from when I received the letter), then I will incur more fees. Are there any laws protecting consumers from this type of fraud?