Bank Of America Temporary Credit Adjustment
Bank Of America Temporary Credit Adjustment
What does a temporary credit adjustment mean to your bank statement? 3
I filed a fraud complaint on my checking account with CJW ID last week and was wondering if that meant I would get my money back. Anyone can experience this and know what it means. Has anyone worked for BofA? Here I do a bank. Thanks in advance!
If you claim that someone accidentally withdrew money from your account, your former BofA employee will receive a temporary credit. BofA does not want this money to cause problems in your account, such as bad checks. When they investigate your complaint. If you are correct with your claim, you will retain this temporary credit. If you are responsible, you can legally cancel this credit at any time. That is why they call it temporary credit. Help for example!
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What does a temporary credit adjustment mean to your bank statement?
I filed a fraud complaint on my checking account with CJW ID last week and was wondering if that meant I would get my money back. Anyone can experience this and know what it means. Has anyone worked for BofA? Here I do a bank. Thanks in advance!
Credit adjustment
This means that in terms of politeness, the money is in your account while the bank investigates the fraud. If they find out it's fraud, the money is still there. If they find other discrepancies or if the fee is correct, they will get their money back. Basically, you believe you receive a scam and they get their money back.
What if, for some reason, you spent money during the investigation? Whether it's grocery or college textbooks, will you get your money back if the fees prove to be legitimate and fraudulent?