We have a business loan which fell behind by one payment (2 weeks overdue). The bank withdrawal all the money in the personal account and transferred it over to the business account leaving me with 1 euro.
I was shocked how they could withdraw money without my notification.
I have a family and have been left with no money at ALL.
When I telephone the bank manager he said, well you broke a credit agreement and they can do that.
I told me I was realise that, but I was disgusted that they would leave a family with 1 euro in their account and take the money without notification.
He said my husband should have come in before he missed the payment, which I can understand, but I dont like their tactics.
I told him I would not be using my personal account to lodge wages, and would move my account down the road. He said he would make sure it wouldnt happen again. Forgive me but I have no confidence in that when he had just said they were perfectly within their right!!
Dont deny the money was owed, but to take it forceably and leave the account with 1 euro for one missed payment.
Im furious. Its the Ulster Bank by the way.
Is this legal.
Caz
I was shocked how they could withdraw money without my notification.
I have a family and have been left with no money at ALL.
When I telephone the bank manager he said, well you broke a credit agreement and they can do that.
I told me I was realise that, but I was disgusted that they would leave a family with 1 euro in their account and take the money without notification.
He said my husband should have come in before he missed the payment, which I can understand, but I dont like their tactics.
I told him I would not be using my personal account to lodge wages, and would move my account down the road. He said he would make sure it wouldnt happen again. Forgive me but I have no confidence in that when he had just said they were perfectly within their right!!
Dont deny the money was owed, but to take it forceably and leave the account with 1 euro for one missed payment.
Im furious. Its the Ulster Bank by the way.
Is this legal.
Caz