08-06-2012 10:09 PM
Seriously? You bounced 2 checks in 3 months and you are wondering why they closed your account? That what I call money management.
08-06-2012 10:13 PM
nope .. 1st was in june and 2nd is for august payment... if i know they going to closed my account because of that i rather be late on payment ..
Seriously? You bounced 2 checks in 3 months and you are wondering why they closed your account?
My thoughts exactly.
08-06-2012 10:28 PM
08-07-2012 03:16 AM
Unbelievable that Amazon increase from $900 to $2100 and Lowes increase from $2500 to $3800 and they just closed my account today because I have return payment twice for inssufficant fund, man being a loyal consumer for almost 2yr with a perfect payment and closed my account just return check twice!! so who ever got GE Capital retain card make sure u have fund in your account .. if your check return 2 time they will automatic closed your account even thou you reposted the payment with fund in your account..
I hate to be nitpicky..but highlighted sentence does not make sense. You can't have a perfect payment history if you have returned payments twice.
From GE's side they see you as a risk. Twice now in last 3 months you bounced a check which to them signals that you have very low funds in your bank or are irresponsible and cannot maintain a checking account. They are trying to secure themselves and closed your account so you don't buy things and perhaps default. They treated you well and increased your limits when you were low risk, now that you appear high risk they took adverse action.
Banks tend to do that when things happen, just as a cable company will quickly disconnect your cable for a bounced check. Like other poster said, just be glad they did not charge your returned check fees or did they?
I agree, Why did you bounce 2 checks? How did that happen?
08-07-2012 04:52 AM
08-07-2012 05:09 AM
Yes omg you can't bounce checks to your cc companies. That is bad. I did this once with chase, because of a mistyped account number. They shut my account down, I had to recon and explain how I typed a digit wrong from iphone. You should definately not bounce payments
You shouldn't bounce checks ever, haha.
I could totally understand OP being upset if the return payments were due to bank error (mistyping account or routing number) but if you're just stiffing them on payments it's your own fault.
08-07-2012 05:30 AM
08-07-2012 06:14 AM
Cmon every single one of us would be mad if something like this ever happens but bouncing payments is something.
yeah, mad at myself.
08-07-2012 06:14 AM