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I opened a bank account recently, and signed the signature card whilst in the bank. No deposit agreement was attached.
Some time later that day, the bank representative emailed me the deposit agreement, stating what I agree to by having the account.
It claims that I've consented to giving up several civil rights, including the right to a jury trial, in the event of a dispute with the bank. The bank received my signature before I ever saw this document.
How is this possibly enforceable?
@pete i emailed the rep saying that i expressly reserve those rights it says i waived. i assume they'll unilaterally close my account today.
@sneak you have to sign the agreement for it to be valid. If you don't agree with the agreement, you may close your account.
@sneak That sounds pretty fucked up. I left my bank in the late 80s and have been using a credit union ever since.
@yishengqingwa666 @sneak We opened a credit union here, a few years ago and bank guidelines made us close it. They are out to get credit unions.
@sneak The possibility of that being enforced is inversely proportional to how much money you're willing to spend on lawyers.