What should I do if my bank continues unauthorized withdrawals?

Full question:

I have sent a letter to Bank of Hometown to stop taking a draft of $75.00 out of my account. I told them that they no longer had authorization to withdraw from my account but they keep doing it. What can I do?

Answer:

If the bank continues to withdraw funds after you've revoked authorization, you should follow up with them, possibly in person. You may need to complete any required forms to formally stop the withdrawals. If this withdrawal is for a bill or payment to a third party, you should also contact that party to ensure they are aware of the change.

If the bank still does not stop the withdrawals after you've taken these steps, you may have grounds for legal action against them. Please let us know if you would like assistance in drafting a form letter for your situation.

This content is for informational purposes only and is not legal advice. Legal statutes mentioned reflect the law at the time the content was written and may no longer be current. Always verify the latest version of the law before relying on it.

FAQs

To stop a draft from your bank account, first notify your bank in writing that you wish to revoke authorization for the draft. Include your account details and any relevant information about the draft. It's also advisable to follow up with your bank to confirm that the request has been processed. If the draft is for a recurring payment, contact the company involved to inform them of the cancellation.