What can my US bank do to me in Canada?

Question

Hi,

I was making an on-line purchase (to make a long story short) I accidentally clicked on the wrong button which resulted in an automatic transfer from my US bank account...I didn't realize this would happen and didn't have the opportunity to confirm or cancel.

After a few back and forth emails with my bank I realize that they will not be lenient with the $30 bank charge and since it takes about 5 days to get funds to them, I will be charged another $30 in about 3 days...and apparently that will continue every 5 days until the charges reach the hundreds.

I guess I am feeling stubborn, but I don't use this account...I haven't for several months for this very reason: they allow transactions to go through even though it will put me over the limit, then charge $30 for each individual item including fees on top of fees...which can end up being $180 for being 20 cents overdrawn once, while you have 2 pending items (and international fees are assessed separately so that's $30 for each of the 3 of those). Yes, I'm speaking from personal experience.

So I don't use the account...I don't want to pay the at least $60 in fees. I can't close the account. The fees will grow. I live in Canada. What can they do to me?

Answer 1

Destroy your credit.  Have a court place a judgment against you which will include fees, fines, interest and court costs.  Put a hold on your Canadian Bank Accounts and just make your life miserable.  With the internet no one can hide.

Answer 2

First, they can sue you in the US and they WILL win, either by default if you don't appear, or on the merits, because you OWE THE MONEY.  They can then have the court authorize them to SEIZE any assets you EVEN have in the US.  That assumes there are no treaties that would allow them to go after assets in Canada.

If the bank does business in Canada, they can sue you in Canada and win.  In that case, they can go after any assets you have there.

There are NO legitimate websites on the planet that allow you to transfer money from ANY account without REQUIRING you to confirm at least twice.