Fraudulent Bank Transfers
Unauthorized transfers can drain your account and disrupt your financial stability. The Electronic Fund Transfer Act protects you, and we help you dispute the transfers and recover your funds.
- Admitted in New York, 2004
- S.D.N.Y. and E.D.N.Y.
- Representing consumers since 1999
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What counts as a fraudulent or unauthorized bank transfer?
Common problems: someone gains access to your account and moves funds without your consent, a hacked account is used for transactions you never made, or the bank itself makes an error: an incorrect or double transaction, or a withdrawal from your account caused by a clerical error or system glitch.
- Fraudulent transfersSomeone gains access to your account and moves funds without your consent.
- Bank errorsIncorrect transfers, double transactions or processing errors.
- Unauthorized account accessA hacked account used for transactions you never made.
- Bank took my moneySometimes, banks may mistakenly withdraw money from your account due to clerical errors or system glitches.
- Bank stole my moneyIn rare cases, banks might be involved in malpractice or mismanagement, leading to the wrongful withdrawal of funds from your account.
Regulation E
Under Regulation E, banks must investigate and resolve disputes about electronic transfers within a specified timeframe.
“We had a great experience working with Kevin. He was knowledgeable, professional, responsive, and genuinely took the time to understand our situation. We always felt that our concerns were taken seriously. Kevin explained everything clearly throughout the process. We are very grateful for his guidance and would definitely recommend him to anyone dealing with a consumer fraud issue.”
Talk to a New York consumer lawyer, free.
Free consultation.
Contingency fee arrangements are available for most cases.
4.8 across 40+ reviews
Prior results do not guarantee a similar outcome.
What are your rights under the Electronic Fund Transfer Act?
The EFTA protects you against unauthorized electronic transactions and gives you a framework for disputing errors and fraud. Under Regulation E, banks must investigate and resolve disputes about electronic transfers within a specified timeframe, typically 10 business days for fraud claims.
Your rights under the Electronic Fund Transfer Act
The EFTA protects you against unauthorized electronic transactions and gives you a framework for disputing errors and fraud.
- Business days a bank typically has to resolve a fraud claim on a transfer
- 10
- For fraud claims. The Electronic Fund Transfer Act gives you the right to dispute unauthorized transfers.
What should you do after a fraudulent transfer?
Early detection is crucial. Prompt reporting can prevent further unauthorized access. Review your statements, notify your bank as soon as you notice a problem, document every communication, file a formal written dispute, stay in touch while the bank investigates, and talk to a consumer protection lawyer if the bank fails to resolve it.
Review your statements
Monitor your bank statements for unauthorized or incorrect transactions.
Notify your bank
Contact your bank as soon as you notice an unauthorized transaction or error.
Document everything
Keep records of every communication with your bank: dates, times and the names of the people you speak with.
File a formal dispute
Submit a written dispute that outlines the unauthorized transactions, with statements and correspondence attached.
Monitor the investigation
Stay in touch with your bank. It must resolve disputes within a set period, typically 10 business days for fraud claims.
Seek legal help
If the bank fails to resolve your issue or you face significant loss, talk to a consumer protection lawyer.
Start with a free consultation.
Contingency fee arrangements are available for most cases.
How can our legal team help?
We explain your rights under the EFTA and related regulations and guide you through the dispute, help gather and organize the documents that build a strong case, help draft formal disputes and deal with your bank so your issue is taken seriously, and represent you in negotiations or legal proceedings if required.
See each way we help
- AdviceWe explain your rights under the EFTA and related regulations and guide you through the dispute.
- DocumentationWe help gather and organize the documents that build a strong case.
- CommunicationWe help draft formal disputes and deal with your bank so your issue is taken seriously.
- RepresentationIf required, we represent you in negotiations or legal proceedings.
Why choose Mallon Consumer Law?
Our legal team has extensive experience in handling cases related to fraudulent bank transfers and consumer protection. We provide personalized attention to each case, ensuring that your unique situation is addressed effectively, and our successful track record demonstrates our commitment to achieving favorable outcomes for our clients.
Prior results do not guarantee a similar outcome.
Read why clients choose us
Experience
Our legal team has extensive experience in handling cases related to fraudulent bank transfers and consumer protection.
Personalized service
We provide personalized attention to each case, ensuring that your unique situation is addressed effectively.
Proven track record
Our successful track record demonstrates our commitment to achieving favorable outcomes for our clients.
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Tell us what happened.
An experienced attorney will review the details and outline your options. The first consultation is free.
- You send the form or call 646-713-1008. A few sentences about what happened is enough to start.
- We contact you to set up a free consultation.
- In the consultation, we listen to what happened and outline your legal options.
Contingency fee arrangements are available for most cases.