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Can a bank withdraw money from your account for a visa payment?
Wiki User
∙ 15y ago
Yes - If you have given auto debit instructions (ECS - Electronic Clearing) for your VISA payment
No - If you have not given such instructions
Wiki User
∙ 15y ago
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How do you withdraw some money from your account?
A person who is a bonafide customer in the bank can withdraw the money from his/her account within his/her clear balance available in the account.
If you default on an unsecured line of credit from a bank can they take money out of your joint bank account?
of course. i have a joint line of credit with my ex. Under the separation agreement, he took over the line of credit. He delays the minimum payment for one day. The bank threatens to withdraw the minimum payment plus penalty from MY PERSONAL BANK ACCOUNT.
What is bank overdraft?
Bank Overdraft is a facility wherein a bank customer can withdraw more money than what is actually available in his/her account. Let us say I have an overdraft account with ICICI Bank and have only Rs. 5000 in my account, I can withdraw even 15000 or 20000 from my account. I will have to repay this money that I took from them in future or else they will charge me an interest. The bank will also set an Overdraft limit which will define how much money over and above my bank balance I can withdraw.
What is meant by a bank overdraft?
Bank Overdraft is a facility wherein a bank customer can withdraw more money than what is actually available in his/her account. Let us say I have an overdraft account with ICICI Bank and have only Rs. 5000 in my account, I can withdraw even 15000 or 20000 from my account. I will have to repay this money that I took from them in future or else they will charge me an interest. The bank will also set an Overdraft limit which will define how much money over and above my bank balance I can withdraw.
Can you dopsit money into a frozen bank account?
Yes - you can deposit money but - you won't be able to withdraw it !
What are the features of an automatic payment service?
With your authorization, your bank will withdraw the amount of your monthly payment or bill from your bank account.
When do we debit bank account?
We debit our bank account every time with withdraw (take out) money from our bank account.
How do you withdraw some money from your account?
A person who is a bonafide customer in the bank can withdraw the money from his/her account within his/her clear balance available in the account.
How do you close bank account?
Withdraw all money from the account and give an account closing letter to Bank.
Is it legal for a bank to debit my account each time I receive a child support payment because I owe the bank for a prior loan-- The bank is taking money I'm supposed to have for my child?
If you owe money to the bank they are entitled to withdraw it from any monies deposited into your account.
When to do we debit bank account?
We debit our bank account every time we withdraw (take out) some of our money.
Bank Account in two names who can withdraw if set up with and between names?
Both signers on the account can withdraw money
How do you take money out of the bank without bankrobbing?
Make a bank account and ask to withdraw.......
What is Overdraft account?
Bank Overdraft is a facility wherein a bank customer can withdraw more money than what is actually available in his/her account. Let us say I have an overdraft account with ICICI Bank and have only Rs. 5000 in my account, I can withdraw even 15000 or 20000 from my account. I will have to repay this money that I took from them in future or else they will charge me an interest. The bank will also set an Overdraft limit which will define how much money over and above my bank balance I can withdraw.
If you default on an unsecured line of credit from a bank can they take money out of your joint bank account?
of course. i have a joint line of credit with my ex. Under the separation agreement, he took over the line of credit. He delays the minimum payment for one day. The bank threatens to withdraw the minimum payment plus penalty from MY PERSONAL BANK ACCOUNT.
What is bank overdraft?
Bank Overdraft is a facility wherein a bank customer can withdraw more money than what is actually available in his/her account. Let us say I have an overdraft account with ICICI Bank and have only Rs. 5000 in my account, I can withdraw even 15000 or 20000 from my account. I will have to repay this money that I took from them in future or else they will charge me an interest. The bank will also set an Overdraft limit which will define how much money over and above my bank balance I can withdraw.
Does my PayPal account work as a bank account to open up a click bank account?
Clickbank only offers bank transfer or cheque payment, therefore it would not be possible to withdraw earnings into your PayPal account.
