When filing a written statement of unauthorized debit, can a financial institution charge you a return fee to process an ach that came from an account?
If a customer has electronic statements, is the bank obligated to provide, at no charge, a printed statement to the customer upon their request?
We are discussing accounts you can merge on online banking (so that the agent can see the fiduciary account along with his/her personal accounts with a single log-in) for example: 1.) Rep Payee 2.) Escrow Agents 3.) Power of Attorney-Appointed Agents 4.) UTMA Accounts The custodian has been challenged as to whether or not you can or can't combine with a parent’s accounts online banking. Is there any legislation or case law or statutory basis for which we must decline these requests or is it discretionary?
First of a Two Part Series
by Jimmy Sawyers, BOL Guru
When the winds of change blow, some people build walls, and others build windmills. --- Chinese Proverb
Can a business make monthly automatic debit compulsory for payment of their product or service without offering another method of payment to the consumer?