Citibank closed my bank account and stole my money because it was inactive WTF!! - Page 2 - GoFuckYourself.com

goldfish · 01-20-2009, 07:31 AM

Quote:

Originally Posted by huda

Just got off the phone with Citibank, it is confirmed that my account does not exists and that I have to ask for my money at New York State's Unclaimed Funds. I hope this will work...

told ya.. see post #31 for what to do next

huda · 01-20-2009, 08:18 AM

Did a search with no results, I have emailed them with all my details.

I can expect an answer in a month.

Can anyone explain to me how closing my bank account and taking my money is for my protection?

[I]"For your protection, banks, insurance companies, utilities, investment companies and many other businesses are required by State law to surrender inactive accounts to the State. The Office of the State Comptroller serves as custodian of this money until you claim it. The State of New York never takes ownership of this money. If you can prove you are entitled to the money, we will gladly return it to you, at any time, without charge."[/]

SuzzyQ · 01-20-2009, 08:19 AM

Another thing banks love to do is hit you up for a 'maintenance charge' every month until the account has no funds left.

How the fuck can they justify charging you a 'maintenance charge', every month when the money is collecting dust. I lost $500 bucks that way.

huda · 01-20-2009, 08:23 AM

Did a search with no results, I have emailed them with all my details.

I can expect an answer in a month.

Can anyone explain to me how closing my bank account and taking my money is for my protection?

"For your protection, banks, insurance companies, utilities, investment companies and many other businesses are required by State law to surrender inactive accounts to the State. The Office of the State Comptroller serves as custodian of this money until you claim it. The State of New York never takes ownership of this money. If you can prove you are entitled to the money, we will gladly return it to you, at any time, without charge."

Miz_Wright · 01-20-2009, 08:26 AM

It's called "escheat" - funds usually roll into governmental control.

Most financial institutions take part in it, but have different time lines.

huda · 01-21-2009, 02:41 AM

Standing for Extra-Sneaky-Cheat? What is this good for anyway?

denny007 · 01-21-2009, 02:52 AM

Had similar situation - homeland security closing my account at BoFa San Jose because I have no US address therefore must be a terrorist. But luckily was still able to cash it to my Paypal. It was 1K only anyway...

STR$ · 01-21-2009, 05:47 AM

that sucks

01-20-2009, 08:26 AM	#55
Miz_Wright Confirmed User Join Date: Jul 2007 Posts: 593	It's called "escheat" - funds usually roll into governmental control. Most financial institutions take part in it, but have different time lines. __________________ Sales Babe and General Nerd Wright Stuff Consulting [email protected] Mobile: (704) 918-5499 ICQ: 353902844 SKYPE: MizWright704

01-20-2009, 08:18 AM	#52
huda Confirmed User Industry Role: Join Date: Jan 2008 Posts: 500	Did a search with no results, I have emailed them with all my details. I can expect an answer in a month. Can anyone explain to me how closing my bank account and taking my money is for my protection? [I]"For your protection, banks, insurance companies, utilities, investment companies and many other businesses are required by State law to surrender inactive accounts to the State. The Office of the State Comptroller serves as custodian of this money until you claim it. The State of New York never takes ownership of this money. If you can prove you are entitled to the money, we will gladly return it to you, at any time, without charge."[/]

01-20-2009, 08:19 AM	#53
SuzzyQ Confirmed User Industry Role: Join Date: Dec 2006 Location: Along the shore. Posts: 1,557	Another thing banks love to do is hit you up for a 'maintenance charge' every month until the account has no funds left. How the fuck can they justify charging you a 'maintenance charge', every month when the money is collecting dust. I lost $500 bucks that way.

01-20-2009, 08:23 AM	#54
huda Confirmed User Industry Role: Join Date: Jan 2008 Posts: 500	Did a search with no results, I have emailed them with all my details. I can expect an answer in a month. Can anyone explain to me how closing my bank account and taking my money is for my protection? "For your protection, banks, insurance companies, utilities, investment companies and many other businesses are required by State law to surrender inactive accounts to the State. The Office of the State Comptroller serves as custodian of this money until you claim it. The State of New York never takes ownership of this money. If you can prove you are entitled to the money, we will gladly return it to you, at any time, without charge."

01-21-2009, 02:41 AM	#56
huda Confirmed User Industry Role: Join Date: Jan 2008 Posts: 500	Standing for Extra-Sneaky-Cheat? What is this good for anyway?

01-21-2009, 02:52 AM	#57
denny007 Confirmed User Join Date: Nov 2005 Posts: 267	Had similar situation - homeland security closing my account at BoFa San Jose because I have no US address therefore must be a terrorist. But luckily was still able to cash it to my Paypal. It was 1K only anyway...

01-21-2009, 05:47 AM	#58
STR$ Confirmed User Join Date: Aug 2008 Posts: 5,645	that sucks