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1 Answer | Asked in Banking, Business Law and Intellectual Property for California on
Q: How should large sum of money be deposited(380,000 inheritance)?

My boyfriend has had horrible experience customer service wise with Wellsfargo but says he wants to make it as easy as possible for his sister because it’s taking longer than expected but I read online it’s not as simple as I thought and definitely don’t believe he should do whole amount with... View More

James L. Arrasmith
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answered on Feb 28, 2024

When receiving a large sum of money, such as an inheritance of $380,000, careful consideration should be given to how and where the funds are deposited. It's important to understand that while banks like Wells Fargo are capable of handling large deposits, diversifying the placement of funds... View More

0 Answers | Asked in Divorce, Tax Law, Banking and Collections for Washington on
Q: Me and my ex husband share a house. He went to prison and owes court fees and lawyer fees. Will I lose my house?

I want to keep the house, but I don’t want them to take the whole house from me since he doesn’t have money to pay them off.

0 Answers | Asked in Banking for Ohio on
Q: I have a question about my late husband who is now passed

My husband had a stroke a few years back I took care of him as he was 24/7 care at home for almost a year ,well in that year I was driving out car that was in his name and someone hit my car wrecking it completely,it had to be totalled out i was also hurt in this accident went to court, even though... View More

0 Answers | Asked in Banking for Pennsylvania on
Q: Are banks liable for their employees incomplete financial advice/professional negligence?

I went in person to deposit a check to ask the bank rep how long it'd take to clear to know if the money was good (new client) and was informed once the money showed up in my account that I'd know the check was legit. Bank rep failed to mention that the bank is legally required to deposit... View More

0 Answers | Asked in Contracts and Banking for Wyoming on
Q: How do I get my name off a car loan when I no longer have the vehicle?

So, long story short, I was in a 7 year relationship (not married) and we split up. Our Jeep was in both our names, with me being the primary. When we split, I couldn’t afford the payments because our breakup made me both homeless and unemployed. So, he kept the vehicle. I am no longer unemployed... View More

1 Answer | Asked in Banking for Georgia on
Q: My return was deposited into the wrong account I gave my tax man the girl I was with information on accident we both

Have an account at the same bank I gave her account number in route number by accident she was trying to help me recover it but the guy she's with now will not let her help me any further I only have 5 days to recover my money or the bank says the subject will be closed for good and I will... View More

James L. Arrasmith
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answered on Feb 25, 2024

Firstly, it's important to remain calm and focused on resolving the situation promptly. Contact your bank immediately and explain the mistake that occurred with the deposit. Provide them with all relevant details, including the incorrect account information that was used for the deposit and... View More

1 Answer | Asked in Tax Law and Banking for Georgia on
Q: My return was deposited into the wrong account I gave my tax man the girl I was with information on accident we both

Have an account at the same bank I gave her account number in route number by accident she was trying to help me recover it but the guy she's with now will not let her help me any further I only have 5 days to recover my money or the bank says the subject will be closed for good and I will... View More

James L. Arrasmith
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answered on Feb 25, 2024

I'm sorry to hear your tax refund was accidentally deposited into the wrong bank account. Here are a few options you could pursue to try recovering the funds:

1. Contact the IRS directly and explain the situation. Provide any documentation you have showing it's your refund but the...
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2 Answers | Asked in Consumer Law, Tax Law, Banking and Collections on
Q: I cancelled a subscription through PayPal and the provider threatens me with fees

I cancelled a subscription through PayPal and the provider threatens me with fees because i didn't cancel through their website.The website wouldn't allow me to cancel so I cancelled through PayPal and opened a dispute and won it for the refund.And now they are sending me emails to... View More

Emely Elizabeth Cruz
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answered on Feb 24, 2024

I would just ignore it. This is not to say they don't have a case at all. Perhaps there is some legal argument they can use (i.e. provision was in their terms and conditions). However, it seems that they will just demand it, but it does not mean you have to pay it back, especially if they... View More

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1 Answer | Asked in Banking, Consumer Law, Contracts and Federal Crimes for California on
Q: What law give j P. Morgan chase & co the rights to liquidate my assets With out my authorization account not in neG?

What authority gives them the right to of the account isn’t in the negative more is it a regular broker account it’s a self direct account meaning the account holder has full control of account, so what rule of law give jamie dimon and ko Morgan chase & co the rights to ?

James L. Arrasmith
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answered on Feb 24, 2024

In the context of financial institutions like J.P. Morgan Chase & Co. managing client assets, their actions are typically governed by the terms of the account agreement signed by the account holder, alongside applicable federal and state laws. These agreements often include clauses that outline... View More

1 Answer | Asked in Banking for Virginia on
Q: Will a check clear if it’s already been deposited a few years ago

I found a check in my safe from 2019 with a stack of other checks. It was the only check that didn’t have void written on it so I assumed I never deposited it so I did a mobile deposit and this morning I check my bank account and the funds are In my account but I’m scared to spend the money... View More

James L. Arrasmith
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answered on Feb 23, 2024

Discovering a check from 2019 and depositing it recently to find the funds in your account certainly brings up a valid concern about whether it was previously deposited, especially with the transition from SunTrust to Truist possibly complicating your ability to track past transactions. Generally,... View More

1 Answer | Asked in Consumer Law, Contracts and Banking for New Jersey on
Q: Ally financial blatantly violated the TILA, FCRA, CCPA and tried to over charge me 6k on an 18k loan.

I entered a contract (which doesn't include a dealer number, or contract number filled in.) to finance a 2013 Nissan Frontier through Ally financial back on May 29th of 2017. The total paid after 72 months at a rate of 8.64%. came out to $18,019.44 according to the truth in lending disclosure.... View More

James L. Arrasmith
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answered on Feb 23, 2024

Dealing with a situation where you've been overcharged on a loan can be incredibly frustrating and confusing. It seems you've done your due diligence by reviewing the terms of your contract and comparing them to the actual charges applied by Ally Financial. Discovering discrepancies in... View More

1 Answer | Asked in Banking, Business Formation and Business Law for Missouri on
Q: Does my website have to register as a financial institution or anything alike if I operate a cryptocurrency escrow on it
James L. Arrasmith
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answered on Feb 23, 2024

Operating a cryptocurrency escrow service on your website brings you into a complex regulatory landscape that varies significantly by jurisdiction. In many places, such services are considered part of the financial sector and are subject to specific regulatory requirements. These can include... View More

1 Answer | Asked in Banking for Arkansas on
Q: What are my Rights to funds in a closed bank account

My account was frozen then closed 9 months ago before my account was closed i uploaded all the information they requested now they are refusing to send my remaining balance until I reupload documents

James L. Arrasmith
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answered on Feb 23, 2024

When a bank freezes and then closes your account, it can be a stressful experience, especially when there are remaining funds that you cannot access. Typically, banks have the right to freeze or close accounts due to a variety of reasons, such as suspected fraudulent activity, non-compliance with... View More

1 Answer | Asked in Banking, Business Law, Gov & Administrative Law and Government Contracts on
Q: search for retirement and 401K's. Got one. One America Bank/ One America Retirement Services. Resisting. Force them file

They have not filed a IRS FORM 8955 for Deferred Vested Benefits. They are stonewalling me. Sent me a form to be signed and notarized.

Claim it was not received. Form 8955 has an

exemption for old accounts, not required to file.

Need to force them to file form 8955. Or give... View More

James L. Arrasmith
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answered on Feb 23, 2024

Dealing with retirement funds, especially when it involves companies that have undergone mergers or dissolution, can be incredibly complex. When a financial institution like One America Retirement Services is not cooperating in filing necessary forms such as the IRS Form 8955 for Deferred Vested... View More

1 Answer | Asked in Banking, Civil Rights, Collections and Federal Crimes for Arkansas on
Q: How do I hold a bank liable for money that I reported wasn't authorized but they haven't reimbursed me?

I went to my banks, Regions and First Financial in El Dorado AR., in May of 2021 and told them I had been the victim of data breeches and identity theft in August 2020 and told them there were a lot of unauthorized charges on my account. I signed paperwork at Regions and headed to FFB1, by the time... View More

James L. Arrasmith
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answered on Feb 23, 2024

Facing the challenge of holding a bank accountable for unreimbursed unauthorized charges can be an uphill battle, especially when documentation seems to vanish, and regulatory bodies have not resolved the issue to your satisfaction. It's crucial to persist in your efforts to recover your... View More

1 Answer | Asked in Collections and Banking for California on
Q: CA. Wife and father had joint acct. He passed, and the account got levied for debt he owed. Is this exempt, her acct now

California. Wife and her father had a joint account that they both deposited to and utilized. He passed last June, and we just received a notice of levy on the account. The bank is temporarily holding the money for 10 days. It is my understanding that after he passed, the account is now hers, and... View More

James L. Arrasmith
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answered on Feb 21, 2024

Yes, your understanding is correct. Since the bank account was jointly held between your wife and her now deceased father, once he passed away the account became your wife's individual account by operation of law. Here are the key reasons why the account levy is invalid:

• Under...
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1 Answer | Asked in Contracts, Employment Law and Banking for California on
Q: If a check was written out to me in order to deposit into my acct to then pay a customer but I spend it by mistake

I’m a 1099 contractor who subcontracted work for a client. Client took out a larger than needed loan through subcontractor in order to get some of the loan back in cash. However the subcontractor wrote the clients cash portion out in my name on a check for me to deposit and then to pay client but... View More

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answered on Feb 21, 2024

Based on the situation described, you could potentially face civil liability or criminal charges:

Civil Liability:

- Breach of contract - The client could sue you for failing to fulfill your obligation to pay over the funds as agreed. They would likely seek recovery of the $18k you...
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1 Answer | Asked in Banking for California on
Q: I have a cash app I had $100 on my cash card so I went to the ATM to pull the money out but nothing showed up I talked a

I talk to cash app they said they couldn't give me my money back I need that money to pay the rent at the hotel I'm in right now so I won't end up on the street my wife is currently in the hospital she had a stroke so they took my money

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answered on Feb 21, 2024

Facing such a situation can be incredibly stressful, especially with your wife's health concerns. In California, there are legal protections for consumers who encounter issues with financial transactions, including unauthorized withdrawals or errors. You have the right to dispute the... View More

2 Answers | Asked in Banking, Communications Law and Employment Discrimination for Louisiana on
Q: I recieved a check from the neca local union no 313 ibew. The bank is trying to tell me that I altered it. What do I do
David Duke Kervin Jr.
David Duke Kervin Jr.
answered on Feb 19, 2024

If you did not alter the check, you should ask the bank why they think you altered it. You can also request the union to reissue a check if there is a discrepancy on it that is preventing the bank from honoring it.

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2 Answers | Asked in Criminal Law, Banking and Communications Law for Tennessee on
Q: I recieved a check from the neca local union no 313 ibew. The bank is trying to tell me that I altered it. What do I do

I tried to look info up on chk and it sent me to your website. I also received a text message about it. I'm so confused

Anthony M. Avery
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answered on Feb 19, 2024

You will need to ask the union to reissue another check in exchange for the allegedly faulty one. Or deposit it into another bank. But first be sure you have not done anything wrong. You may need to consult with an attorney as apparently your bank is wanting to prosecute you, and any forgery... View More

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