07-02-2006, 03:53 AM
[quote RAMd®d]"Careful monitoring" is useless.
All this will do is tell your Mom her account has been cleaned out.
There is *no* need for "direct deposit" to pay her back. In fact, your mom should get the niece's account number and so *she* can make direct withdrawals.
Mom needs to have a second account, like a savings account. If she has online banking, she can move most of the money there. Make sure overdraft protection is turned off.
Me, I'd tell mom to call the bank and ask them what the pitfalls of her action might be.
Seriously, this was a very bad move on your mom's part, regardless of how well meaning she was.
Throw a flag on the play, Dennis.
Mom said she needed to earn interest on the account, anyway, so she would draw all but the $600+ out and open an interest-bearing account and leave the original account open to accect the deposits, if they are made, and withdraw the buildup, periodically.
My neice's husband was going to direct-deposit to my sister's account, also, since he finally got a job. Mom didn't trust him, and had told my sister she should set up an account just to receive the direct deposits.
Maybe we've dodged a bullet, but they'll be back.
All this will do is tell your Mom her account has been cleaned out.
There is *no* need for "direct deposit" to pay her back. In fact, your mom should get the niece's account number and so *she* can make direct withdrawals.
Mom needs to have a second account, like a savings account. If she has online banking, she can move most of the money there. Make sure overdraft protection is turned off.
Me, I'd tell mom to call the bank and ask them what the pitfalls of her action might be.
Seriously, this was a very bad move on your mom's part, regardless of how well meaning she was.
Throw a flag on the play, Dennis.
Mom said she needed to earn interest on the account, anyway, so she would draw all but the $600+ out and open an interest-bearing account and leave the original account open to accect the deposits, if they are made, and withdraw the buildup, periodically.
My neice's husband was going to direct-deposit to my sister's account, also, since he finally got a job. Mom didn't trust him, and had told my sister she should set up an account just to receive the direct deposits.
Maybe we've dodged a bullet, but they'll be back.