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UNAUTHORIZED BANK TRANSFERS
Banks should be safe. But increasingly, criminals and hackers are figuring out ways to access consumer checking accounts and transfer money out - never to be seen again. Federal law, through the Electronic Funds Transfer Act (EFTA), often entitles you to receive most of your money back if it was deducted from your account without your authorization. Unsurprisingly, banks often refuse to reimburse consumers as the EFTA requires.
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THE RULES
The EFTA covers unauthorized electronic funds transfers (EFTs), but it does not cover wire transfers
You have a right to be reimbursed for unauthorized EFTs (less $50 or $500, depending on the circumstances)
Banks are required to conduct meaningful investigations into complaints of unauthorized EFTs
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GETTING LEGAL HELP
The EFTA has a short, one-year statute of limitations, so when you have been the victim of some sort of fraudulent transactions, it is important you speak to an attorney immediately.
Our office offers free consultations.
We can often fight debt collectors on a contingency basis - meaning we only get paid if you do.
CONTACT US
351 California Street, Suite 700
San Francisco, CA 94104
Tel: 415-426-7850
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