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It depends. If:
- you have a monthly loan repayment agreement with the bank wherein the bank automatically deducts your monthly payments from your savings account or
- you have defaulted on your loan payments for more than 2 or 3 months and haven't contacted the bank reg. the same
Then, the bank can withdraw money from your account (if there is any cash available) towards your loan repayment. Otherwise the bank cannot deduct any money from your account without intimating you.
What else can I help you with?
Will PayPal automatically withdraw funds from my bank account?
Yes, PayPal can automatically withdraw funds from your linked bank account if you have authorized it to do so for payments or transactions.
How you withdrawl cash from bank?
By filling withdral form from your bank.
How can I make a direct deposit to my bank account?
To make a direct deposit to your bank account, you will need to provide your employer or the entity making the payment with your bank account number and routing number. They will then set up the direct deposit on their end, and the funds will be automatically deposited into your account on the scheduled payment date.
Is that you can maintain zero balance in posb bank?
Usually banks offer zero balance bank accounts to customers who have salary accounts with them. I have a zero balance account with DBS and since DBS and POSB are part of the same group, I guess they too will have a zero account balance bank account. You need to submit this bank account to your employer and if they GIRO your salary to this account automatically every month, it should be fine.
What are the examples of contra voucher?
# Cash account to Bank account # Bank account to Cash account # Bank account to Bank account
What is a debit and how do you get one?
A debit is what occurs when you reduce a credit balance in a liability account such as a checking account. A debit can occur using a debit card, endorsed check, ATM withdrawl or withdrawl for the bank teller.
Will PayPal automatically withdraw funds from my bank account?
Yes, PayPal can automatically withdraw funds from your linked bank account if you have authorized it to do so for payments or transactions.
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
How will make entry for bank over draft?
In the books of customer cash a/c Dr. To Bank (OD) A/c (Being cash withdrawl from bank overdraft account)
What is a good sentence for automatically?
It's a bad idea to let them automatically take the money from your bank account.
How you withdrawl cash from bank?
By filling withdral form from your bank.
Does paypal charge you for withdrawing money to your bank account?
If the withdrawl is over $149.99 There is a $0.50 Charge. Everything over 149.99 is free of carges.
What is a good sentence for the word automatically in the sentence?
It's a bad idea to let them automatically take the money from your bank account.
Is bank account an a bank deposit account the same?
No. A bank account can be a checking or savings. It is the account in your name where you deposit and withdrawl funds from. A bank deposit is when you put money into the account either by you walking into the bank and handing them cash or a check and the bank teller processes it to be put into your account. They are two different things but they are related.
What is it called when you take money out of an account?
withdrawl
Can a bank of America credit card access my Bank of America checking account to pay a late payment?
No. It cannot be done by the bank. They can add the late payment fee & other charges to your credit card account but cannot automatically deduct amounts from your checking account - unless, you have given them standing instructions to debit monthly card payments automatically from your account.
If your bank account says EFT Charged Off does this mean that the account is closed?
If an account is charged off it is automatically closed. It is listed as uncollectable debt.
