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Related: Editorials & Other Articles, Issue Forums, Alliance Forums, Region ForumsBank mistakenly clears account of woman believed to be dead
PORT ANGELES, Wash. Betty Longshore, 92, was very much alive Feb. 29 when her bank telephoned her to find out if she was dead.
In this March 9, 2012 photo, Betty Longshore, 92, holds a statement in Port Angeles, Wash., from her bank notifying her that $17,000 had been taken from her bank by the government, who had declared her dead, despite being very much alive. Betty Longshore, 92, was very much alive Feb. 29 when her bank telephoned her to find out if she was dead.
They said, Betty, is this you? We have a report you are deceased, the west Port Angeles resident recalled. They said, Can you come down to the bank? I thought Id go in and say, Here I am, and Im alive, and everyone would laugh, and that would be the end of it.
<snip>
Her trials and tribulations began after the U.S. Department of the Treasury sent First Federal a notice at the end of February that said Longshores date of death was July 20, 2011, according to the notice.
Within 24 hours, all her checking account funds and some of her money market funds were gone, with money returned to the government.
<snip>
Natalie Diana, senior counsel for Treasurys financial manager service, said that if a bank is aware a benefit recipient has died, the bank must return all benefit payments after it becomes aware of the death.
They have one day to act on that, Diana said.
http://www.eastoregonian.com/free/bank-mistakenly-clears-account-of-woman-believed-to-be-dead/article_fbb9ed30-70ba-11e1-bc07-001871e3ce6c.html
Boy, they sure can snatch your money in a nanosecond. Try to get it back and it's 17 days?
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Bank mistakenly clears account of woman believed to be dead (Original Post)
Are_grits_groceries
Mar 2012
OP
Time to have two different accounts: one in the bank in which government benefits
1monster
Mar 2012
#1
1monster
(11,012 posts)1. Time to have two different accounts: one in the bank in which government benefits
are3 deposited and one in which all those funds to transfer to immediately in order to make sure your money is not arbitrarily redistributed back to the government while you are still breathing.
obxhead
(8,434 posts)2. Thank you,
I would now like you to close my account and receive it in CASH.
Have a wonderful day.
liberal N proud
(60,334 posts)3. One day to act?
Nothing in banking or government is done in ONE DAY!
Are_grits_groceries
(17,111 posts)4. If the guvmint wants they monies, it does.