WASHINGTON, Oct. 5, 2015 /PRNewswire/ -- The False Labeling Complaint Center is starting a robust national investigation focused on identifying business owners who made a deposit to their bank via a check from a client, and then suffered NSF fees because unbeknownst to the business owner the bank put a hold on the deposit-even though the bank had received the funds. For more information pleases contact the False Labeling Complaint Center via their web site contact page for more information. http://FalseLabelingComplaintCenter.Com
The False Labeling Complaint Center says, "We think there is a gigantic problem with banks in the United States of all shapes, and sizes playing games with the check deposits of small to medium sized businesses. Here is the problem in a nutshell:
- "Your business makes a deposit via a check - say from an out of state bank. Let's say the deposit is over $10,000
- "Your bank tells you the funds will not be immediately available. Your bank may say five to seven days before the funds are available.
- "You then call your client to confirm if their check to your business had cleared their bank account, they make an inquiry, and the funds have cleared their bank.
- "So where did the money go? That is exactly what we intend to find out as well.
"We think banks playing games with deposits of small to medium sized businesses, and the availability of their funds is a huge problem nationwide. We intend to do something about it. We also think we can easily prove damages, such as NSF fees that were a result of these practices, and we want to hear from small, or medium sized businesses if the fact set we have laid out has happened to them." http://FalseLabelingComplaintCenter.Com
Because of the size, and scope of this potential free float on a business check deposit the False Labeling Complaint Center is urging impacted business owners to contact them via their web site's e-mail and provide them with the following important information- name, contact phone number, the name and location of the bank branch, and a brief description of what happened.
The False Labeling Complaint Center believes this bank check clearing stall issue to be a nationwide problem with thousands of businesses that have been impacted. The damages may include NSF fees, loss of use of funds that should have been available to the business, and potentially other damages. For more information please contact the False Labeling Complaint Center, if a business believes they have been a victim of these possible bank practices. http://FalseLabelingComplaintCenter.Com
M. Thomas Martin
SOURCE False Labeling Complaint Center