Comments on: How Electronic Fund Transfers Can Pillage Your Bank Account http://www.moneymythos.com/2007/05/10/how-electronic-fund-transfers-can-pillage-your-bank-account/ A narrative financial and investment column Fri, 20 Jan 2012 15:48:59 +0000 hourly 1 http://wordpress.org/?v=3.0.4 By: Jon http://www.moneymythos.com/2007/05/10/how-electronic-fund-transfers-can-pillage-your-bank-account/comment-page-1/#comment-29 Jon Thu, 17 May 2007 23:03:24 +0000 http://www.moneymythos.com/2007/05/10/how-electronic-fund-transfers-can-pillage-your-bank-account/#comment-29 You're right. It's now my impression that my bank should have been able to do something about this besides just closing my account. If the issue had gone much further, I would have most likely pursued my bank for the funds as well. You’re right. It’s now my impression that my bank should have been able to do something about this besides just closing my account. If the issue had gone much further, I would have most likely pursued my bank for the funds as well.

]]> By: Deymond Lashley http://www.moneymythos.com/2007/05/10/how-electronic-fund-transfers-can-pillage-your-bank-account/comment-page-1/#comment-28 Deymond Lashley Thu, 17 May 2007 21:49:01 +0000 http://www.moneymythos.com/2007/05/10/how-electronic-fund-transfers-can-pillage-your-bank-account/#comment-28 I tend to think that you got a raw deal from PNC. I am no more an expert on the ACH system than anyone else, but I believe your bank can flag such transactions if they know the amount (and in this case, they would know the origin of the withdrawal as well). I would not be the least bit surprised to learn that they were unwilling or unprepared to stop these withdrawals, but I very much doubt they were powerless. I tend to think that you got a raw deal from PNC. I am no more an expert on the ACH system than anyone else, but I believe your bank can flag such transactions if they know the amount (and in this case, they would know the origin of the withdrawal as well). I would not be the least bit surprised to learn that they were unwilling or unprepared to stop these withdrawals, but I very much doubt they were powerless.

]]> By: Personal Finance and Investing Blog » Blog Archive » Credit Limits Increased, Free Notary Public, and More http://www.moneymythos.com/2007/05/10/how-electronic-fund-transfers-can-pillage-your-bank-account/comment-page-1/#comment-24 Personal Finance and Investing Blog » Blog Archive » Credit Limits Increased, Free Notary Public, and More Thu, 17 May 2007 13:30:01 +0000 http://www.moneymythos.com/2007/05/10/how-electronic-fund-transfers-can-pillage-your-bank-account/#comment-24 [...] like the idea of giving companies permission to take money out of my accounts either. Here’s another horror story. If anything, use credit cards for automatic billing and not checking accounts! I still use paper [...] [...] like the idea of giving companies permission to take money out of my accounts either. Here’s another horror story. If anything, use credit cards for automatic billing and not checking accounts! I still use paper [...]

]]> By: Quickies: Credit Limits Increased, Free Notary Public, and More » My Money Blog http://www.moneymythos.com/2007/05/10/how-electronic-fund-transfers-can-pillage-your-bank-account/comment-page-1/#comment-23 Quickies: Credit Limits Increased, Free Notary Public, and More » My Money Blog Thu, 17 May 2007 12:25:56 +0000 http://www.moneymythos.com/2007/05/10/how-electronic-fund-transfers-can-pillage-your-bank-account/#comment-23 [...] like the idea of giving companies permission to take money out of my accounts either. Here’s another horror story. If anything, use credit cards for automatic billing and not checking accounts! I still use paper [...] [...] like the idea of giving companies permission to take money out of my accounts either. Here’s another horror story. If anything, use credit cards for automatic billing and not checking accounts! I still use paper [...]

]]> By: Carnival of Personal Finance #100 Highlights | Online Savings Blog http://www.moneymythos.com/2007/05/10/how-electronic-fund-transfers-can-pillage-your-bank-account/comment-page-1/#comment-19 Carnival of Personal Finance #100 Highlights | Online Savings Blog Tue, 15 May 2007 12:44:20 +0000 http://www.moneymythos.com/2007/05/10/how-electronic-fund-transfers-can-pillage-your-bank-account/#comment-19 [...] How Electronic Fund Transfers Can Pillage Your Bank Account - The Money Mythos Over the course of six days in early June, these [electronic funds transfers] stripped me of nearly $1,000 without any notification or permission from me. Four withdrawals of more than $200 were made day after day from my checking account. Here’s the worst part about the whole situation: My bank was powerless to stop it. [...] [...] How Electronic Fund Transfers Can Pillage Your Bank Account – The Money Mythos Over the course of six days in early June, these [electronic funds transfers] stripped me of nearly $1,000 without any notification or permission from me. Four withdrawals of more than $200 were made day after day from my checking account. Here’s the worst part about the whole situation: My bank was powerless to stop it. [...]

]]> By: The Money Mythos » Carnival of Personal Finance #100 http://www.moneymythos.com/2007/05/10/how-electronic-fund-transfers-can-pillage-your-bank-account/comment-page-1/#comment-18 The Money Mythos » Carnival of Personal Finance #100 Tue, 15 May 2007 12:37:01 +0000 http://www.moneymythos.com/2007/05/10/how-electronic-fund-transfers-can-pillage-your-bank-account/#comment-18 [...] any case, they included my article on electronic fund transfers, some knowledge I thought was important to share with other readers and bloggers. Here are some [...] [...] any case, they included my article on electronic fund transfers, some knowledge I thought was important to share with other readers and bloggers. Here are some [...]

]]> By: Carnival of Personal Finance #100 Recap - Part 1 at Clever Dude Personal Finance & Money http://www.moneymythos.com/2007/05/10/how-electronic-fund-transfers-can-pillage-your-bank-account/comment-page-1/#comment-16 Carnival of Personal Finance #100 Recap - Part 1 at Clever Dude Personal Finance & Money Tue, 15 May 2007 01:54:33 +0000 http://www.moneymythos.com/2007/05/10/how-electronic-fund-transfers-can-pillage-your-bank-account/#comment-16 [...] The Money Mythos tells a similar story to my own troubles with a debit card, but he got $1000 taken out of his account in just a week! Read his(?) story about how Electronic Funds Transfers can pillage your bank account [...] [...] The Money Mythos tells a similar story to my own troubles with a debit card, but he got $1000 taken out of his account in just a week! Read his(?) story about how Electronic Funds Transfers can pillage your bank account [...]

]]> By: My Open Wallet http://www.moneymythos.com/2007/05/10/how-electronic-fund-transfers-can-pillage-your-bank-account/comment-page-1/#comment-13 My Open Wallet Mon, 14 May 2007 13:49:12 +0000 http://www.moneymythos.com/2007/05/10/how-electronic-fund-transfers-can-pillage-your-bank-account/#comment-13 <strong>Carnival of Personal Finance #100...</strong> Welcome to the Carnival of Personal Finance, C-Note Edition! Yes, this is the one-hundredth Carnival. Think of the hundreds of bloggers who have participated over the past almost two years! The hundreds and thousands of posts! The hundreds and thousa..... Carnival of Personal Finance #100…

Welcome to the Carnival of Personal Finance, C-Note Edition! Yes, this is the one-hundredth Carnival. Think of the hundreds of bloggers who have participated over the past almost two years! The hundreds and thousands of posts! The hundreds and thousa…..

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