Amazon debited my bank!!

AmaStealth · #1 03-05-2014

Can anyone explain to me why Amazon has debited my BANK ACCOUNT? Not the debit card associated with it.. but the bank account itself.

Checked account today and it's -$400...

Thanks.

zoneout · #2 03-05-2014

What's the difference? It comes out of that acct either way.

AmaStealth · #3 03-05-2014

No, if you have a negative balance on an account, it shouldn't be charged to the BANK, only the debit card if you have it on file.

MICKY H · #4 03-05-2014

Quote:

Originally Posted by AmaStealth

No, if you have a negative balance on an account, it shouldn't be charged to the BANK, only the debit card if you have it on file.

WRONG, amazon will get the money however they want. This is what you have agreed to in their terms. If you owe the money you have no recourse. This is why I always say move the money once your disbursement arrives and leave the amazon bank account with little funds.

AmaStealth · #5 03-05-2014

Quote:

Originally Posted by MICKY H

WRONG, amazon will get the money however they want. This is what you have agreed to in their terms. If you owe the money you have no recourse. This is why I always say move the money once your disbursement arrives and leave the amazon bank account with little funds.

The money was moved, and the bank account was at $0.. Now it's -$400!

yankee · #6 03-05-2014

Quote:

Originally Posted by AmaStealth

The money was moved, and the bank account was at $0.. Now it's -$400!

How does your bank handle your account when something like this occurs? Does it fail paying and then go back to $0.00 minus insufficient fund fees? Or does it pay the debt and you will owe fees plus the $400.00 to keep your account in good standing?

AmaStealth · #7 03-05-2014

Quote:

Originally Posted by yankee

How does your bank handle your account when something like this occurs? Does it fail paying and then go back to $0.00 minus insufficient fund fees? Or does it pay the debt and you will owe fees plus the $400.00 to keep your account in good standing?

As far as I know they take their money and I owe the bank.. Which is BS.

I have never dealt with this before, so idk.. :(

jeffweico · #8 03-05-2014

A lot of banks give account holders "overdraft protection" by default. You have to OPT-OUT of this for the bank not to pay any checks or electronic debits presented if there is not enough money to cover the charges.

Banks do this because they get to charge exorbitant fees when you use it.

Of course, according to the agreement you signed with the bank, you are responsible for any and all charges they pay out, plus any fees for doing so. In other words, your bank has paid Amazon and YOU now owe the bank the $400 (plus fees, if any).

ALWAYS, ALWAYS, ALWAYS opt-out of overdraft protection for any accounts that you do not want to have a surprise negative balance on.

AmaStealth · #9 03-06-2014

]

Yes, but why has my bank paid Amazon when Amazon isn't supposed to charge your BANK for a negative balance - only your credit/debit card on file?

kockedoff · #10 03-06-2014

I have never heard of this before.... What bank is this? And this is a US amazon account ... What credit card did u use on ur account.. Have u ever attached your debit card to this account?

AmaStealth · #11 03-06-2014

Quote:

Originally Posted by kockedoff

I have never heard of this before.... What bank is this? And this is a US amazon account ... What credit card did u use on ur account.. Have u ever attached your debit card to this account?

This is PNC bank, and no, I did not attach my debit card to this account, that's what I'm confused about. What should I do?

MM78 · #12 03-06-2014

This is just an assumption but if you didn't add a Credit Card and you only had a bank attached then I assume that they would get their money from the bank attached.

AmaStealth · #13 03-06-2014

Quote:

Originally Posted by MM78

This is just an assumption but if you didn't add a Credit Card and you only had a bank attached then I assume that they would get their money from the bank attached.

I have a credit card attached.. one of my VCC's. Amazon isn't supposed to take from your bank.. that's what I'm confused about.

rsot · #14 03-06-2014

Quote:

Originally Posted by AmaStealth

Yes, but why has my bank paid Amazon when Amazon isn't supposed to charge your BANK for a negative balance - only your credit/debit card on file?

Perhaps your credit card didnt have the allowed amount available credit to be charged...? Possibly?

GreenBean · #15 03-06-2014

Quote:

Originally Posted by AmaStealth

No, if you have a negative balance on an account, it shouldn't be charged to the BANK, only the debit card if you have it on file.

Pay attention to MICKEY about funds being touched by amazon.

You have not checked what you allowed amazon to do.....

Go back and READ the fine print.

amazon can take funds from what source ON FILE if needed.

Did you have a VCC & bank account attached?

jai · #16 03-06-2014

it does state in t and c that you signed up to that if funds cannot be taken from card they will attempt the linked bank

Etycoon · #17 03-06-2014

Quote:

Originally Posted by AmaStealth

Can anyone explain to me why Amazon has debited my BANK ACCOUNT? Not the debit card associated with it.. but the bank account itself.

Checked account today and it's -$400...

Thanks.

How old was the account and was it still in use

beaches · #18 03-06-2014

Happened to me about 9 years ago. to the tune of 5,0000 on an older account that was not used after amazon. went to the bank and they said it would go back to 0 since there was nothing in the account. then they said to close it down.

Etycoon · #19 03-06-2014

Quote:

Originally Posted by beaches

Happened to me about 9 years ago. to the tune of 5,0000 on an older account that was not used after amazon. went to the bank and they said it would go back to 0 since there was nothing in the account. then they said to close it down.

It must be a lot different in the US. I cant see a UK bank account providing an unplanned overdraft of $5000. Or am I naive..?

GreenBean · #20 03-06-2014

Quote:

Originally Posted by Etycoon

It must be a lot different in the US. I cant see a UK bank account providing an unplanned overdraft of $5000. Or am I naive..?

UK bank will hit you with large overdraft fees. For each time paypal tries to extract funds, they will go on applying fees.

Of course, specific action is required in such instances.

Etycoon · #21 03-06-2014

Quote:

Originally Posted by Greenie

UK bank will hit you with large overdraft fees. For each time paypal tries to extract funds, they will go on applying fees.

Of course, specific action is required in such instances.

I hear what your saying. However in some cases my bank rejects a payment of less than £100.00 if I do not have the cash in my account. lol

GreenBean · #22 03-06-2014

Quote:

Originally Posted by Etycoon

I hear what your saying. However in some cases my bank rejects a payment of less than £100.00 if I do not have the cash in my account. lol

Miserable gets.