Legal Question in Banking Law in California
I have an X amount of money in bank account where all my paycheck goes in, when i tried to use my ATM i got declined. When i contacted the bank, apparantly i found out that the balance was dropdown to ZERO balance and someone in the bank put on HOLD to my account. From that situation i wasnt able to buy my grocery Food, my Cat Food and GAS. Also the incident cause my husband into depression that i have to rush him to the Hospital. The Question is, does the bank has legal rights to put on HOLD the depositor money?
Asked on 1/29/11, 11:25 am
1 Answer from Attorneys
Banks not only have a right to, they sometimes have a duty to put holds on accounts. Without more details it is impossible to say whether any particular hold was legal or not.
Answered on 2/08/11, 6:23 pm
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