PC Financial FROZE my money!

Ballsack · #23 10-29-2013

Quote:

Originally Posted by rsot

I understand stan - did you leave any money in the accounts? The issue is that you cant just state my "partners" because the bank is going to be VERY suspicious. Deposits coming in different names could be stated as just a form mismatch or so on the part of the sender i.e. PP - and we all know how PP can make mistakes...

So you tell the bank that paypal has been mistakenly sending payments to my account in different names all this time?

rsot · #24 10-31-2013

About that, mistakenly sent payments in different names due to form mismatch or so...but for huge amounts, cant really do much but wait for bank investigation

newjerseymax · #25 11-02-2013

I have been asked this question and I told them I had multiple ebay accounts and use a different alias for each and that seemed to be the acceptable answer... I asked them if they wanted me to get DBA to show and they said was not necessary.

Maybe the answer was over (or under) thought a bit. The truth goes a long way with the banks... They are afraid of terrorist and things like that. Once you tell them what it is they are less likely to proceed.

BiN4RY · #26 11-03-2013

I've been using PC Financial for years with ebay/paypal stealth, and never had any problem with it or know anyone else that had problems with it. They're perfectly fine, you should look into what you're doing yourself instead of blaming it on them.

rsot · #27 11-04-2013

PC Financial is operated by CIBC and my only issue with CIBC was when business deposits went to my personal account. CIBC saw that and did cause me some grief so perhaps the same line of thinking is going on. I could foresee that after money comes out to you Stan, you may be barred from using that bank

stanislav · #28 11-04-2013

Surprising turn of events ....

I went to CIBC ATM today and was able to withdraw $500 without any hassle. They told me a week ago they will turn my case to another department and will call me back in a few days after review. Never heard from them again. My bank account, my debit card and my online banking work perfectly fine. What the hell is going on ???

mercurial333 · #29 11-04-2013

Quote:

Originally Posted by stanislav

Surprising turn of events ....

I went to CIBC ATM today and was able to withdraw $500 without any hassle. They told me a week ago they will turn my case to another department and will call me back in a few days after review. Never heard from them again. My bank account, my debit card and my online banking work perfectly fine. What the hell is going on ???

They usually give you 30 days to clear your **** after they make their decision.

At least here.

BigCJ · #30 11-05-2013

Count your blessings and learn from this.

I hope they release all of your funds and you can still conduct business with them in the future.

stanislav · #31 11-05-2013

Quote:

Originally Posted by mercurial333

They usually give you 30 days to clear your **** after they make their decision.

At least here.

Unless they notify me by mail or phone that I must clear funds within certain amount of time I will continue business as usual. They never called back however they might send me certified mail about termination. If they do I will let you all know.

stanislav · #32 11-05-2013

I've learned one thing and only, never call on behalf of your mother's name. As embarrassing as it is to admit I used my mother's PC Financial to conduct my business. I asked her permission and she was willing to help. When I was sending Western Union I went over the limit and decided to pretend I was her an call PC Financial. That's when **** hit the fan as they did not believe it was her.

rsot · #33 11-05-2013

Quote:

Originally Posted by stanislav

Unless they notify me by mail or phone that I must clear funds within certain amount of time I will continue business as usual. They never called back however they might send me certified mail about termination. If they do I will let you all know.

Exactly - they will send you a LETTER if they have issues with you...sometimes certified, sometimes not.

Take this as a light slap on the wrist - be careful for future operations.

Avoid using mom's info - try to stick with your own

stanislav · #34 11-08-2013

I had my bank account card stolen out my car.

Phoned up PC Financial, right away the supervisor says, Sorry can't help you.

I wanted a new bank card mailed to my home address on the account, I had all my information ready to verify.

I am out of the country, and have my mail forwarded to me every few weeks.

I have all my information to identify myself, and yet the phone "supervisor" says right away, Sorry can't help you.

Do they expect there customers to just lose there money in there system, if they are unable to verify over the phone or what?

This is a non-branch bank, there is no real way to verify yourself other than on the phone.

What can be done now? At the mercy of this corrupt bank.

My advise, Withdraw every single penny you have in this bank, cancel any cards you may have. It may someday be your turn and you will out your money, they will leave you without any way to identify yourself.

I am open to anyone who would like to go on a lawsuit against this bank, there is no doubt of winning.

AVOID PC Financial - Over $2300 gone.

Jemima
Calgary, Alberta
Canada

Taken from RIP OFF REPORT!

rsot · #35 11-08-2013

Man, those Rip off Report posts are supposed way off...I dont want to discuss that post too much because I have seen it but it's nonsense - the person can present at any kiosk with ID and she/he would be able to get money. Banks up here are very good about getting money to the RIGHT people with ID verification

Omgoozle · #36 11-15-2013

When I had this happen to me with ING I just stonewalled them, didn't answer any of their questions and said that everything they were asking was none of their business.

Every stock I had through Sharebuilder was instantly sold, and 100% of my funds (Sharebuilder + ING accounts) were transferred to my attached Chase account within 72 hours, and they gave me 2 weeks to transfer the IRA I had with ING to another bank.

But one big gripe I have is that ING filed a 1099 on my behalf that year without sending me the adjoining form. Now I am knee-deep in IRS bullpoopy because of it.

I have not tried to re-sign up with Cap360 since.

markymark123 · #37 11-29-2016

Citibank gave me two options when they froze my accounts because of a name mismatch. Either I add that person to my account, or I have him sign an affidavit saying that he authorized my account to accept funds on his behalf. Otherwise in 30 days or so, they will send the money back to the source it came from referencing the mismatch.... Are these empty threats, or do they actually do this?

Ebayorbust · #38 11-29-2016

Quote:

Originally Posted by markymark123

Citibank gave me two options when they froze my accounts because of a name mismatch. Either I add that person to my account, or I have him sign an affidavit saying that he authorized my account to accept funds on his behalf. Otherwise in 30 days or so, they will send the money back to the source it came from referencing the mismatch.... Are these empty threats, or do they actually do this?

Last post on this thread was over 3 years ago. Might be a better idea to start a new thread outlining your problem.

In my opinion the bank is not making an empty threat. Given the person does not exist then you'd be best to let them return the funds (presumably to Paypal).

markymark123 · #39 11-29-2016

Is there an attorney anyone can refer me to? Some expert in frozen bank funds... could be a paralegal. Willing to pay for the help.

oompaloompa · #40 11-29-2016

Quote:

Originally Posted by stanislav

I've learned one thing and only, never call on behalf of your mother's name. As embarrassing as it is to admit I used my mother's PC Financial to conduct my business. I asked her permission and she was willing to help. When I was sending Western Union I went over the limit and decided to pretend I was her an call PC Financial. That's when **** hit the fan as they did not believe it was her.

having talked to stanlislav in the past, the avatar is actually him (trying to dance?) - so if they did not believe he was his mother on the phone, I am hardly surprised....dun...

anyone tried writing giving a backdated cheque to their family member to cash out the account? I heard anecdotally that frozen accs will pay backdated stuff sometimes...