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No, collection agencies do not have any right to freeze your savings account. Only banks have the right to freeze your account but depends on the nature of the default.
Yes. Banks provide overdraft facilities to customers at a fee. This fee is chargeable on a yearly basis and the bank has the right to deduct the amount from your bank account every year. If you fail to pay the fee, the bank also has the right to cancel your overdraft facility.
Apparently they went to court and won a judgment and you must not have been there. Could it be your sales contract allowed them to do that ?
Generally a joint bank account is held as Joint Tenants With Right of Survivorship (JTWRS or JTWROS). Upon the death of one account holder the funds of that person pass directly to the other joint holder(s) and are not subject to probate procedure. State laws determine bank account ownership rights, when the signature card does not designate how the account is held the state default laws governing the issue usually apply.
You need to read your loan agreement very carefully you may have given them that right.
It depends: if the bank has a right to set-off the overdraft against any other positive balance, then it is netted off against cash. If there is no right to set-off, the overdraft appears as a currently liability (separately if it's material).
100
You can only cash it as long as you have the same amount of funds in your account or even greater amount or an overdraft facility/arrangement. You can deposit it, but most likely it won't be available right away.
Definitely Yes. Banks usually monitor the activity on all the accounts held with them and they have the right to freeze an account and inform the federal authorities. They have all the right to do so and the account holders would have to provide suitable explanations to the banks and federal authorities.
account receivable
There is a way two cancel a gf2ub account. If you try to cancel the account will tell you to call the company right away and sometime it will even tell you that you have to pay to cancel the account.
Debt collectors cannot "freeze" a person's bank account, that can only be done by order of the court. Generally a court will hold the account no longer than 30 days when making a decision as to what if any of the funds contained are subject to a judgment creditor levy.