Legal Question in Banking Law in New Jersey

Banking Fraud

What right as a Bank customer in regards to someone other then myself and Husband ( we have a joint account ) withdrawing monies out of our Bank Account from different ATM machines . The withdrwlas started in April 2008 until now Sept 15 2008 and was reported to our bank, The bank says they can ony recover the loss of monies from the past 60 Days from the day it was reported. Is this Legal ? Aren't we insured for the whole amount by the FDIC ?


Asked on 9/18/08, 9:24 pm

1 Answer from Attorneys
John Corbett Corbett Law Firm LLC

Re: Banking Fraud

FDIC insurance is not at issue. That would pay if the bank failed or if there were related banking problems. This is a matter of your not reporting a fraudulent charge within the required period.

Read more
Answered on 9/19/08, 9:26 am


Related Questions & Answers

More Banking Law questions and answers in New Jersey