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I deposited a third-party check and spent some of the funds. My bank has now informed me that this check was insufficient and that I am liable for the entire amount. Is this correct? »

My checking account has unauthorized monthly charges/withdrawals from a merchant. The charges started eight months ago, but I just noticed them. The bank won’t reverse the charges. How can I stop this?

First, contact the merchant in writing. Ask them to cancel both the service and the charges to your checking account. Send a copy of this letter to your bank. You should also notify the bank that these charges are no longer authorized. The bank may require you to complete an affidavit. The amount of liability is determined by how much notice you give to the bank. To avoid liability for subsequent transfers, you must report any unauthorized electronic transaction that appears on your checking account statement within 60 calendar days of the bank’s transmittal of the statement. As for the eight months of unauthorized charges/withdrawals, you will have to address those directly with the merchant.

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