Can I get a refund for unauthorized withdrawals from my account?

Full question:

In 2004 I went to Curves. I signed a paper to take money out of my account but in early 2005 I told them that I could not come back because my husband was not working and I did not have the money. She said after a year it was on a month to month payment. I have had a lot of stress with a sick husband and dad working full time and taking care of the house and him I wasnt checking my bank statments as carefully as I should. I discovered she had been drawing $31.00 out of my account for 3 years and didnt see it. I went to the bank and they told me that I needed to put a stop payment but I have not been in the place in three years. Is there any way of getting my money back or get them to make this right? She said she was just honoring the contract but how if it was month to month?

  • Category: Contracts
  • Date:
  • State: National

Answer:

In a month-to-month contract, the agreement renews each month until one party terminates it, usually with advance notice as specified in the contract. Whether you can get your money back depends on if you properly canceled the contract before the payments continued and if you authorized the automatic withdrawals. Review the contract for cancellation terms. If you verbally agreed to cancel, this may require legal interpretation. If you suspect unfair practices, consider contacting your state attorney general, as some states have consumer protections for these agreements.

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

Yes, in most cases, either spouse can withdraw money from a joint account without the other's consent. However, this can lead to disputes, especially if one spouse feels the withdrawal is unfair or unauthorized. It's important to communicate openly about finances and consider legal advice if significant amounts are involved.