I may or may not know somebody that revoked ACH and closed accounts with a few of them a year ago and nothing ever came of it. They’re fintech companies not banks.
I am no disputing the anecdote but people also need understand that there is a risk.
They will only sue you because they think they can get their money back, suing costs money to start with. There is a break even point or some times just a point.
Either way, people should be assessing their financials with proper care. Remember folks that trump used this tactic lol don’t feel guilty about a “leadership” tactic.
I may or may not know somebody that revoked ACH and closed accounts with a few of them a year ago and nothing ever came of it. They’re fintech companies not banks.
My point being is the risk…
I am no disputing the anecdote but people also need understand that there is a risk.
They will only sue you because they think they can get their money back, suing costs money to start with. There is a break even point or some times just a point.
Either way, people should be assessing their financials with proper care. Remember folks that trump used this tactic lol don’t feel guilty about a “leadership” tactic.
These are usually $200-$500 cash advances. They’d lose money suing for these amounts.