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Merchant Account No Credit Check

Posted on April 1, 2010.
Merchant Account No Credit CheckBank of repayment of credit account is closed?

A merchant credit issued to a bank account is closed. They told me that I can wait for weeks until the payment is returned by the bank, or ask the bank to issue a check to me. They said that the bank keeps the money in a suspense account for a certain period of time before they return, but the bank says no. Has anyone knowledge of this. PLEASE HELP!

Everything is automated computer bank will temporarily place the funds in a suspense account because it can not be deposited in an account is closed. The branch will be notified that funds are in suspense and shall specify (to the suspense back to a zero balance). The search can be done, but the bottom line is the bank deposit to one of your accounts or you cut a check and send it to.

Make sure they have your address or your payment will be delayed again!

Good luck!

Ask the dealer for a check, I've never heard of a bank holding company in a separate account. But the dealer, with proof to close the account, should not have a problem writing a check.

I've never heard of this ..
They must return to the account of the person it belonged to return again and let it trade issue.

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