10-24-2012, 11:25 AM
Jimmy,
A correction. The old bank will not take the fall for any foulups in this kind of situation. It's the account holder who takes the fall because it is his/her responsibility to contact each account that automatically gets payed to make sure the account info is changed and, if the change doesn't hit in time, to ensure there is funds in the old account for them. The bank has nothing to do with any of this. It's all about the account holder.
Robert
A correction. The old bank will not take the fall for any foulups in this kind of situation. It's the account holder who takes the fall because it is his/her responsibility to contact each account that automatically gets payed to make sure the account info is changed and, if the change doesn't hit in time, to ensure there is funds in the old account for them. The bank has nothing to do with any of this. It's all about the account holder.
Robert