Find the right lawyer now

Automatic Debit Account Scams

Find a Local Bankruptcy & Finances Lawyer near You

What Is an Automatic Debit Account?

An automatic debit account is the same as a regular personal checking account with an accredited financial institution. Today, many people use online banking and automatic bill pay. Automatic debit accounts enable the consumer of services such as cable, internet, and electricity to automatically have the bill deducted from their account on a monthly basis. This automatic bill pay saves the consumer time and money that they would have otherwise spent on postage stamps. However, many telemarketers are taking advantage of this automatic bill pay system in order to steal money from accounts.

How Do Credit Scams Work?

Telemarketing scams work in a variety of different ways. The most common telemarketing scam involving automatic debit accounts occurs when a telemarketer calls a household claiming to be promoting a new credit card with substantial benefits. However, the telemarketer wants to verify your account by getting the account number on your checking account. This practice leads many individuals to give up their account numbers in the hope of qualifying for the new credit card.

What Steps Can I Take If I Am Worried That I Am a Victim of a Scam?

When telemarketers have initiated a scam against your checking account, there are a variety of steps you can take to put a stop to any harm that you have suffered as a result of the scam. These include:

  • Contacting your bank immediately. This will enable the bank to immediately stop all pending withdrawals on your account to prevent further damage.
  • Contact the local consumer protection agency. This will help to prevent future victims from falling into the same trap.

How Can I Protect Myself From a Scam?

Although telemarketers are very good speakers and are able to convince many competent individuals, there are a number of protective steps consumers can take. These include:

  • Never giving out your account numbers over the phone to people that you are unfamiliar with.
  • Asking to review a telemarketer's offer by mail. This will allow you to read all relevant material before giving away valuable credit information.

Should I Contact an Attorney?

An experienced attorney can help a victim of automatic debit accounts rectify their situation. A lawyer can help bring a cause of action against the telemarketer and recover any losses that have been incurred.

Photo of page author Kristen Johnson

, LegalMatch Legal Writer

Last Modified: 07-10-2018 12:28 AM PDT

Law Library Disclaimer
  • No fee to present your case
  • Choose from lawyers in your area
  • A 100% confidential service
What is LegalMatch?

We've helped more than 4 million clients find the right lawyer – for free. Present your case online in minutes. LegalMatch matches you to pre-screened lawyers in your city or county based on the specifics of your case. Within 24 hours experienced local lawyers review it and evaluate if you have a solid case. If so, attorneys respond with an offer to represent you that includes a full attorney profile with details on their fee structure, background, and ratings by other LegalMatch users so you can decide if they're the right lawyer for you.