Bank Fraud Legal Recourse

Summary

If your bank account was fraudulently accessed and the bank failed to follow proper procedures, you may have legal recourse under the Electronic Fund Transfer Act. Reporting the incident to law enforcement, the Federal Trade Commission, and your states Attorney Generals office is also advisable. Consulting with an attorney can help you explore your options for recovering lost funds and holding the bank accountable.

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Im located in West Virginia
Hello **** ****, nice to meet you. Thank you for informing me that you're in West Virginia. Can you please explain the specific legal issue you need assistance with?
Yes the legal issue that im having is against a bank, on January *,* i had received my monthly disability deposit in my account of * well *.* was fraudulently taken from my account because this place allowed someone to change my info with out requesting any type of identity verification
Hello ****, I'm sorry to hear about your situation. In West Virginia, you might have recourse under the Electronic Fund Transfer Act:
- You must report the unauthorized transactions within 60 days.
- The bank must start an investigation within 10 days.
- If the bank fails, they could be liable for damages.
Please consult with a lawyer for specific advice.
I did multiple of times they made me go threw the identity verification which was fine they dodnt the perpetrators and since this happen they closed my account fot no reason and they shut down
Hello ****, I understand your frustration. Did you report the unauthorized transactions to your bank within the prescribed *-day period? Did they start an investigation within 10 days? Answer: If they didn't comply with these regulations, you may have a case against them.
Yes i did
Hello ****, I'm really sorry to hear about your situation. Since you reported the fraud within the *-day period, the bank should have initiated an investigation. If they haven't, they may be in violation of the Electronic Fund Transfer Act. You might want to consult with an attorney to discuss potential legal recourse.
Ok
Hello ****, it's important to involve law enforcement at this point as well. You should also consider reporting the incident to the Federal Trade Commission and your state's Attorney General's office. They may be able to provide further assistance.