A Manitoba couple says their inheritance was removed from their bank account.
Christine Loff says her mother died in 2016, leaving an estate connected to a PNC Bank in New Jersey. Loff said, in the years since her mother's death, it has not been an easy process to get the inheritance money and distribute it to the proper beneficiaries.
"There was no explanation and the money was just gone from my account," said Loff. "We're quite beside ourselves.""It was a considerable sum of money," she said. "I mean it was over $300,000 from my mother's estate, that's part of my inheritance and it's just poof, gone.""We're almost paranoid about internet security and banking security, etc.
A spokesperson for RBC said the bank could not provide details about the situation due to client privacy but noted they are continuing to work to completely address the situation.While they were able to figure out where all the money went, Loff said she is still baffled at the reasoning. While Loff said she couldn't remember the pen used to sign the cheque, she knows it was her signature.
Gallant said the steps PNC took make sense as the bank was doing its due diligence with the account. "It's simply because of jurisdiction. So federal jurisdiction covers banks in Canada. So banks are regulated, you know, from coast to coast to coast. As soon as you cross a boundary, you're engaging with the legal system and the regulation of a different country."
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