There are few things more important than ensuring your financial situation is stable and intact. Unfortunately, there are malicious forces out there who prey on unsuspecting consumers, day after day. If you are someone who has recently discovered an unauthorized bank transfer, you’re most likely now looking to rectify the issue as quickly as possible. Fortunately, you are in the right place. Our California unauthorized bank transfers lawyer is here to help. Read on and reach out to Loker Law, APC to learn more about what our firm can do for you and how we can guide you through the legal process ahead. Here are some of the questions you may have:
What is an unauthorized bank transfer?
An unauthorized bank transfer (or any unauthorized bank transaction) can come in the form of a simple error or can be a bit more malicious. For example, sometimes a person may check their statement and notice they were charged for something twice by accident. However, in other cases, a person can actually hack into an individual’s bank account and transfer money out of it. That said, no matter your situation, if you’ve incurred an unauthorized bank transfer, your bank should reimburse you.
What should I do?
The first thing you should do upon noticing an unauthorized bank transfer is reach out to your bank and inform them of the incident. Once you do, as previously mentioned, your bank should reimburse you. However, if your bank fails to reimburse all funds you’ve lost as a result of the fraudulent activity, you should strongly consider retaining the services of a competent consumer lawyer who can help you exercise your rights. You should also note that if you think your account is at risk of future fraudulent activity, it may be in your best interests to temporarily freeze it.
Does the law protect me?
As a consumer, you are afforded several rights under both federal and state law. Most importantly, the Electronic Funds Transfer Act regulates all banks and requires them to reimburse victims of fraudulent activity. If your bank has violated the Electronic Funds Transfer Act, you and your attorney may file a lawsuit against the bank, wherein you should receive statutory and actual damages to make up for the losses you’ve incurred. Additionally, as long as your lawyer is successful, your attorney’s fees should also be covered.
If you have any further questions or you believe you are a victim of fraud, our legal team is here to help. Give us a call today so we can get started working on your case.