My business partner and I got caught up in the late 1990’s when Chase started doing their “UNCOLLECTED FUNDS” fraud.
Later after 2010 Well’s Fargo started to do the exact same thing.
What they did was take your deposit. Then sit on it for a few days. Like 3 or more.
Well you deposited money in the bank so there should be funds there by the next day or so.
OR you wire transfer funds to your account and they sit on those funds for up to 70 hours.
What they would do then, when the checks you wrote come in, they “bounce” them. Not for INSUFFICIENT FUNDS, but UNCOLLECTED FUNDS. They hit you with a “return check” fee. As does the company you wrote the check too. Even though you have funds, the banks would not “cash” the deposits. It really damaged our business.
We found out that we were not the ONLY ONES Chase was doing it too. In fact, we joined a lawsuit against Chase. Now it hurt our small business and cost us over $5 grand. But because of what Chase did we could not open an account at another bank. Actually had to have a family member open an account for us in their name at another bank. So, Chase offered to settle out of court and offer $125.00. They walked with THOUSANDS OF DOLLARS OF OUR MONEY and they only were willing to pay us $125.
Well it seems that Well’s Fargo did the same thing too.
BUT DUE TO MR. TRUMP AND THE GOP, you can no longer sue these financial institutions when they steal from you.
You must go through medication.
Yet again, the American people are being denied access to the courts.
But thought this might be an interesting video