Louisville, KY asked in Banking for Kentucky

Q: Have a question?

If you have an a baking account active for over a year and then you apply for a loan at US Bank they say they’re from then they mobile deposit thousand dollar check and then come to find out it’s fake and the bank gave me 30 days to close my banking account

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1 Lawyer Answer
Bruce Alexander Minnick
Bruce Alexander Minnick
  • Business Law Lawyer
  • Tallahassee, FL

A: Rather than explaining what happened to you and why, here is the bottom line: In modern-day America if anyone does anything at all to accept, cash or deposit checks--or wire transfers--that turn out to be fraudulent the receiving bank WILL either freeze the account and all money remaining in it--regardless of how long the account has been open--or will close the account permanently. The ONLY way even to attempt to solve the problem is for the account owner to pony up immediately and replace the entire amount of money the bank lost; and even then the bank may not allow that customer to continue doing any business at that bank. Period.

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