answersLogoWhite

0

Loan companies normally can't take money from your account if you haven't taken out a loan with them. However, some loan companies send checks to people as ads. If you cash the check, you're taking out a loan and the company can take money from your account.

User Avatar

Wiki User

11y ago

What else can I help you with?

Related Questions

Is debit money in or out of an account?

Debit is money that is taken out of an account.


Can money be deposited into frozen account?

Yes money can be deposited in account when frozen but cannot be taken out.


What does debit an account mean?

A Debit is a transaction wherein money is debited or withdrawn or taken out from your bank account. For Ex: You use your ATM card to withdraw money from an ATM, this transaction will be reflected as Debit in your account because you have taken money from your account.


What means of debit?

A Debit is a transaction wherein money is debited or withdrawn or taken out from your bank account. For Ex: You use your ATM card to withdraw money from an ATM, this transaction will be reflected as Debit in your account because you have taken money from your account.


Which word means an amount of money which is taken out of an account?

withdrawel


What is a debit to your checking account?

A Debit is a transaction wherein money is debited or withdrawn or taken out from your bank account. For Ex: You use your ATM card to withdraw money from an ATM, this transaction will be reflected as Debit in your account because you have taken money from your account


What does it mean when a transaction is debited to your account?

When a transaction is debited to your account, it means that the amount of money has been taken out or deducted from your account.


Is it illegal to authorize money to be taken out of your account and then close account there after?

It is not illegal to authorize money to be taken out of your account and then close the account. However, if the money has been withdrawn and there are outstanding charges or payments, it is your responsibility to settle them even if the account has been closed. It is advisable to communicate with the recipient of the funds to resolve any outstanding issues.


Have you experienced an unauthorized withdrawal from your bank account?

Yes, have you had money taken out of your bank account without your permission?


What does D mean on a ATM statement?

D stands for Debit on an ATM statement. A Debit is a transaction wherein money is debited or withdrawn or taken out from your bank account. For Ex: You use your ATM card to withdraw money from an ATM, this transaction will be reflected as Debit in your account because you have taken money from your account.


What is Cross collateralization?

Money from one account is taken to be used as repayment for another.


What is cross-collateralized?

Money from one account is taken to be used as repayment for another.