Question : Bank closes my acct after a third party check is deposited and endorsement questioned?
My ex was a signer on my Bank of America acct, I attempted to remove him after our separation but was told I would have to completely close the acct and reopen a new one to ensure he could not make any transactions on the acct. Because of all the automatic payments and my direct deposit I choose not to close the acct instead just removed him as an authorized signer (meaning he could no longer WALK into the bank and with drawl money or make changes to the acct), but he still could use HIS debit card or use the acct info for online payments or purchases. Recently a third party check was deposited via ATM into the acct, the check was endorsed only by the so called third party. The bank accepted the deposit but then imminently reversed the credit to my acct and is now in the process of closing the acct because of the suspicious activity. My acct was overdrawn when the check was deposited so the only debits made on the acct while the check was technically posted was overdraft charges. Am I going to face fraud charges or legal problems since my name is the only name listed on the acct? The bank did say that the third party person would need to come into the bank and sign a form stating I had their permission to deposit the check, but I don’t know who the third party person is and my ex is now no where to be found. Please let me know why my account is closed and if I am going to be in trouble for fraud!?
third party credit card processing

Best answer:

Answer by My Take on It
You very well could be
You should have closed the account like they told you. Instead, for the sake of *convenience* you basically let this guy have access to your account and now you are going to pay the price for him doing something illegal.

If your account is closed, you will probably be put on ChexSystems and will not be able to get a bank account for 5 years due to this.

Since you have no recourse (can’t find the ex, don’t know the 3rd party) you are stuck. The bank has no way of knowing that you had nothing to do with this check or the fraud that the bank feels was perpetrated on them.