can i ask my bank to refuse a payment

If you've had problems in the past keeping up with your finances, you may want to check your bank account on a daily basis and make sure you know what's coming in and what's going out, and when. She asked how I could do something like that when her staff has serviced me for years. Banks in the U.S. have to obey a very complicated system of federal laws. Some HSBC customers have been prevented from withdrawing large amounts of cash because they could not provide evidence of why they wanted it, the BBC has learnt. Previous. Let's say the loan starts May 1st and my 1st payment is due June 1st. Suppose also that the used car dealer, named as the payee, has intentionally misrepresented the mileage on the automobile by stating that it has been driven only 5,000 miles when in fact it has been driven 50,000 miles. Sometimes the charges can slip … Bank refuses to give customers their money, unless they tell the bank why they want it. It transpires that in November HSBC introduced new rules that allow staff to refuse requests for cash without proof of the customer's intention. Guarding your bank account balance is harder and harder with the ease of automatic debits. There are limits to using this process for certain types of credit cards. If you used a Visa, MasterCard, or another card not issued by the seller, you can refuse to pay only if: the purchase cost more than $50, and; you made the purchase in the state where you live or, if you live in a different state, within 100 miles of your … A. But, as time passes and your payment doesn’t come, you’ll need to take action yourself and ask for payment directly. I can't speak to the ACH debit block specifically, but my employer's business checking account doesn't allow external transfers from the bank's website. I lost my only source of income and I don't have money to pay for my rent anymore (at least I have until some time in January), which means that I don't really anywhere to go, I also don't have family here and none of my friends can … Under these circumstances, the bank cannot assert the purchaser’s defense of fraud as a justific… Your card issuer has no right to insist that you ask the company taking the payment first. I believe that no one can refuse payment of a bill when it is made in legal tender. A payment can also show 'denied' when a card payment is attempted, but is declined by the card issuer. If your bank account is closed, the bank cannot accept the deposit. Once you’ve got your bank and credit card fees waived it’s time to move on to saving thousands on your monthly bills. Larger down payment: If you are taking the bank loan for a purchase, like a home or a car, you can consider making a larger down payment and thereby lessening the amount of money you need as a loan. Your turn: Check your last 3-months of bank and credit card statements for any overdraft, late fees, or interest charges. Unfortunately the lender (bank) on your car loan can refuse a payment that is a partial amount owed. Cardholders can file a dispute with their issuing bank. Not everyone who wants a new bank account can actually get one. Each of these reversals takes place at different stages of the payment process and for different reasons. Answer: You can make the customer pay for the service, but it is not up to the bank to determine the legitimacy of any stop payment. If the interest is 6-8% it makes sense to pay them as often as you can. Federal banking laws require banks to I've tried all kinds, from calling around to giving people my resume in person. The reason being that is technically possible to prevent it happening but the cost and time for a bank to build this functionality won't be warranted for the few times it will be requested or used. In your situation I suggest that you try and make a payment in full as to the loan that you have on your vehicle even though you have lost your job to pay off the … The fact that the collection agency refused your payment by personal check does not free you of your obligation to pay this debt. Set up online access to your new bank account so you can check the transactions in real time. Request a stop payment by logging into your account online or calling your bank. Here’s how to ask for payment without being rude, by penning a payment request email to a client, with outstanding payment request letters you can use as examples – plus, some additional tips, strategies, and back-up plans: ... but not limited to, American Express, Bank of America, Capital One, Chase, Citi and Discover. You can tell the card issuer by phone, email or letter. Some banks post the largest checks before the smallest checks assuming that larger checks are the most important payments being made by the customer, for items such as mortgage or rent payments, or auto loans. if I make a payment on a loan and the bank refuses the payment, actually took the payment and returned it to my account, and are now telling me that unless I make the entire note payments in full with in 10 days they are repo-ing everything. Putting a stop payment on funds instructs the bank to stop the payment from going through. To giving people my resume in person limits to using this process for certain of. Resume in person show 'denied ' when a card payment is due June 1st 6-8 % it makes it the. To refuse requests for cash without proof of the payment process and for reasons! Chase, Citi and Discover generally speaking the answer will be no, it unable! Not assert the purchaser ’ s check set up online access to your new bank so! 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