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Can a bank take money out of your account without your permission?
Wiki User
∙ 18y ago
Yes, for fees. You should read the fine print in your start up paperwork, you can find that answer there. If the account holder has a loan at the bank the bank may legally use a "set off" action to remove the payment amount (and arrears if any) when the agreed terms of the financial transaction are not being met. If you ask, they can show you the document that you signed agreeing to allow the charges or withdrawals. It could be on the application for a checking account (I agree to pay all service fees . . . .) or on a loan agreement (Any monies deposited in my accounts . . . .) or some other document.
Wiki User
∙ 18y ago
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Can a bank transfer money from one account to another without permission?
No. A bank cannot do that. A bank cannot transfer money from one account to another without prior approval or permission from the account holder from whose account money is going to be taken. If such a thing happens, the affected customer can sue the bank.
Can a wife take money out of her husband's bank account without his permission?
Legally, in most cases, yes. Ethically, no, not without permission.
Can a bank transfer money from one account to another to pay off fees without permission?
no
Can a finance company take money out of my account without my permission?
Not unless the creditor has a judgment order and executes it as a bank levy.
Can a bank move your funds from one account to another without your permission?
No. It is your account and the bank cannot move funds from one account to another without your approval or rather without you asking them for it.
Can a bank transfer money from one account to another without permission?
No. A bank cannot do that. A bank cannot transfer money from one account to another without prior approval or permission from the account holder from whose account money is going to be taken. If such a thing happens, the affected customer can sue the bank.
Can a wife take money out of her husband's bank account without his permission?
Legally, in most cases, yes. Ethically, no, not without permission.
Can a bank transfer money from one account to another to pay off fees without permission?
no
Can some one add money to your bank acc without your permission?
The only way someone could deposit money into your account is if they have your full bank account number with the name on the account. If they have this information yes they can deposit money any time they want.
Can a finance company take money out of my account without my permission?
Not unless the creditor has a judgment order and executes it as a bank levy.
Can a bank transfer money from a private account of a director of a Ltd company to the ltd company without the permission of the director?
I don't think they can
Can a bank move your funds from one account to another without your permission?
No. It is your account and the bank cannot move funds from one account to another without your approval or rather without you asking them for it.
Is it illegal for a bank to reopen a customer's account without permission?
Yes
Can a creditor take money from deceased bank account without written permission from executor?
It is possible for it to happen. They would have to have a court order to do so.
Can you open a bank account at 17 without parent permission in Michigan?
No its 18
Can a car creditor who repossessed a car take money out of your bank without permission?
No one can take money out of your account without a court order. The exception being payments to the bank itself for administration purposes or penalties. These, however, would be set out in the initial contract.
Can the lender freeze bank accounts?
In most cases, lenders cannot freeze bank accounts. They can, however, in some cases collect money from a bank account without permission from the account owner. That takes a judge's intervention. Most lenders will not go that far.
