Ally bank is closing my accounts and keeping funds!!!!!

[Gman91189]

I wonder what would happen if i call and said its not possible for paypal ti reverse the funds, only add money back to the account, then what

[Gman91189]

I tried making a small purchase online and debit card got declined, I know I deff won't be able to use the debit card

[LoopHole]

Originally Posted by Gman91189

Wasn't a rep, it was from fraud dept, she said she couldn't release the funds because they technally wasn't mine (wasn't coming in under my name)

I would of told them that their the ones committing fraud for trying to steal my money... and asked them what they were going to do with it.... Wait to see what Greenbean has to say on this.... she knows everything.

[Gman91189]

Come on down GREENBEAN.....

[oge]

Here goes a similar story check it out http://www.aspkin.com/forums/paypal-...hcard-too.html

[yotano211]

I used to work for a large investment bank and would sometimes get cases like these, but under the rules of the SEC. The money has to be given back to the person on file with the account after certain days pass. Investment banks work under different rules or laws, I don't know if it applies to residential banks.

[Gman91189]

That's what I'm thinking, its not possible for them to just KEEP it and call it a day, ima call again and say its not possible for pp to refund the withdrawal and call my bank, then I wanna c what she has to say

[yotano211]

Don't get your hopes up, like I said, investment banks work under different rules and laws. They usually get away with a lot more stuff then the normal residential bank. And larger amounts of money is always involved, which means more trouble for banks in forms of lawsuits or lawyers breathing down their necks from clients.

[yotano211]

I'll ask my old boss at Morgan Stanley at what he knows or say anything about this. But he hasn't worked at a residential bank in 20+years. Laws change so much every year. Give me about an hour or two.

[Gman91189]

I spoke to the supervisor and stated the only way to "get the money back" is to reverse the deposits.
And meaning the same deposits, in other words, I can't "add money" back to paypal only reverse the transactions that were already made

[Gman91189]

If i were to call pp and try to c if they could return the refunds, would that work, I don't care if pp limits the accounts I would still be able to get the funds after 180days
But would it even be possible

[seanws30]

at this point i think i would try anything to get the money

[Gman91189]

Like I expected pp can't reverse the withdrawal and they tell me to speak with my bank, GREAT
So I'm goin back and forth now...
Trying something now, I sent all my money away from that pp account(just in case I get limited) and begun a transaction to add money to the pp account from the bank.
What I'm guessing will happen is the bank will deny that because it is restricted, but who knoes,
If it works, what I'm hoping will happen is the bank allows the transfer back to the pp account.
Which will limit my account, but at least after 180days I'll still have my money

[GreenBean]

For starters stop SPEAKING and running around in circles.

This is exactly what Fraud Departments of banks do.

They are 'working you' to see if there is anything more sinister.

And they 'hooked' you right in.

Not time to despair yet.

[Gman91189]

Soon, what does that mean, hooked me right in into what, they saw deposits coming in with mismatched names and asked what they are for, I said for services I provide them with long story short can't even know the balance of my accounts

[bansheezone]

I got beat when this happened to me, so you already know whats up. Ally sucks as a company trust me.

[LoopHole]

Originally Posted by bansheezone

I got beat when this happened to me, so you already know whats up. Ally sucks as a company trust me.

So your saying they took your money and you never saw it again????

[Gman91189]

Yea tell me about it, hopefully I could at least get the funds back to paypal

[degsey69]

Just a word of caution when opening up accounts like ally, it is the way you use them that determines how they view the account holder, in all the accounts that I have like this I put other money in as well and pay some bills by direct payment so everything is comingled. However if you run the accounts to just use the debit cards to draw cash then you have set the pattern, they are not stupid they look for patterns of behaviour on accounts.

[FandangoKango]

I once had rushcard prepaid card services hold my deposits because it eas coming under a different first name even though the last name was the same and they didn't allow this. I told them reverse the funds then and I just found another bank. It was said time with time ally bank doesn't like this and you will get closed eventually.

[sergfro]

I hope my 6 ally accounts dont get closed. So far so good though

[FandangoKango]

I think its a hit and miss with ally bank. Of course Im not gonna use that bank more than 1 account from what I have heard.