Can a credit union suspend a checking account if you have 3 bounced checks within as many months but you paid each off within the required 30 days?
Question Details:
My checking account was placed on suspension for 6 months to a year because of 3 bounced checks that were written to me by someone else. However, I made good on all items within the amount of time allotted to bring account into a positive status? I tried to talk to a supervisor in accounts receivable. I tried telling them that I felt that it this was discrimination and that I've been a member for approximately 10 years, paid off a loan and introduced several people to become members.
Banks (and credit unions) are allowed to suspend the accounts of people whom they believe pose risks of nonpayment or default, who repeatedly bounce checks, or show wanring signs of other problems (such as several times trying to deposit checks which are dishonored). This would not be discrimination, since it is not behavior aimed at a protected category, such as a racial group, but is linked directly to your own, banking-related bahavior.
Rather than try to fight this credit union on the topic, when the law is on their side, why not open an account elsewhere?
