answersLogoWhite

0


Best Answer

Yes that is why they pay intrest on your money they use

User Avatar

Wiki User

15y ago
This answer is:
User Avatar

Add your answer:

Earn +20 pts
Q: Can your bank take money from your account without your consent?
Write your answer...
Submit
Still have questions?
magnify glass
imp
Related questions

Is anyone else check your bank account?

No. Only an account holder can check his/her bank account. If anyone else gains access to your account without your written consent, it is illegal.


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 husband open a bank account in both his name and spouses name without spouses consent?

In most cases, a husband cannot open a joint bank account without his spouse's consent. Both parties typically need to provide consent and identification to open a joint account. It is important to check the specific laws and regulations in your jurisdiction.


Can a loan shark draw you're provident fund form your bank account without your consent?

No


What happens if I have two direct deposits hit my account at same time?

Assuming you're entitled to the money - nothing ! However - if one of the deposits were made in error - and the bank discovers the fault - they an quite legitimately remove that money from your account without your consent.


If a bank withdraws money from your account without notifying you are you responsible for NSF charges?

If the bank for some reason widraws money without your consent it has to be for a powerful reason (trouble with the law) they need an authorization paper from the court to widraw that money and later they would have to freeze it so that you can't use the account, that is normally in the US I don't know the procedure on an international country and it depends on what type of bank you are. I would need more info.


How do you take money out of the bank without bankrobbing?

Make a bank account and ask to withdraw.......


How do you input money into a PayPal without a bank account?

I don't think it would work without a bank accout.


Why did fdes do an ach debit to bank of america account for 300 without my consent. I will contact my bank to find out what that withdrawl was from. Thank you for your assistance.?

what is fdes


Can you collect money from western union in US without a bank account?

Yes, you can.


Can you transfer money from ICICI bank to SBI account without collection charge?

Yes, We can i need to transfer my money to icici to sbi account


Can return check fees be automatically deductied from your checking account without consent?

The fact of the matter is that you probably did "consent" to these fees when you consented to opening the account. If you feel that the fees were not properly disclosed to you, you may have an argument with your bank. Otherwise, your "consent" has already been obtained.