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It Depends:

Yes - If you have a valid overdraft account with the bank and you currently do not have enough balance in your account to pay for bank charges

No - If you do not have a valid overdraft account with the bank.

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Q: Can a bank overdraw your account to pay their own charges?
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Related questions

What does its mean if you are in debit with your current account?

It means you have spent more money than you have in your bank account and that you therefore own the bank money - if you have not arranged for this by obtaining an overdraft, the bank is going to get very upset by this and they will place charges and a heavy interest on your account. You need to pay the bank back very quickly !.


Is the overdraft 50 or -50 dollars?

100


From what age can you have your own bank account?

17


Online Bank Account?

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Can you provide your employer with Dad's bank details until your own bank account is set up?

Typically, you can not provide your employer with your dad's bank details while you are waiting for your own bank account to be set up. Most employers require your name to be on the account before they can deposit money to an account.


Can a person transfer his account from one branch to another without changing the account number?

Every bank gets to make their own rules about such things, however, I have done that successfully with my own bank account.


How do you make a bank wire to another bank without a bank account of your own?

You don't. You may be able to send your cash using a service such as Western Union, which does not require a bank account. Wire services require a bank account.


Can a bank legally modify your checking account without warning or your approval?

Your bank can deduct amounts from your own accounts for several reasons. If you cash a check that cannot be collected by the bank the bank will deduct the amount of the check from any of your accounts that has a balance. It can do the same if you overdraw one of your accounts. You gave the bank permission to do so when you opened your accounts. The bank can take bank fees from your account and also fees for check orders.


What age are you legally allowed a bank account?

You may solely own a bank account whenever you turn 18 or are legally able to contract with the bank. Otherwise, your parent or guardian will have to be on the account with you and accept responsibility for the account.


What bank account would children open?

A savings account with a parent as custodian. You have to be 18 to have your own account.


What do own banks ATM mean?

Own Bank ATM means that the Bank owns the ATM. If you are a customer of this bank then there is (usually) no charge from withdrawing your own money from your account using this ATM. If the ATM were owned by another bank, you would most likely have to pay a charge to withdraw money from your bank's account.


Can your husband prevent your access to bank account?

If it's his account you have access to and if its a joint account yes. If it's your own account no.