I made an error on my checkling account and covered it right away. However, because I made a deposit on a check written on one of my accounts to another account on the same day a check was clearing I was accused of kiting. I can undestand the banks concerned. The larger of the two bankks decided to close out my account. They coulodn't carwe less that I had made an honest mistake, The dollar amount of the concerned depost was arouind $1400.00. I offered to show them proof that the check I deposited was good at the time & had cleared but they didn't care. I'm fine with them closing me (I was planning on closing it out anyway since I can't seem to kep track of multiple accounts. Thj problem is I'm on 2 accounts with my parents at the same bank they are closing them out as well, which is their right, but they are holding over $12,000.00 of their money until the 15th including several months of their social security checks. Can they do this?
1 Answer from Attorneys
The only thing they can't hold is social security or pension or disability payments, if you can identify them.
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