answersLogoWhite

0

There are several ways to take money out of a checking account, including withdrawing cash from an ATM, writing a check, using a debit card for purchases, transferring funds electronically, and visiting a bank branch to make a withdrawal in person.

User Avatar

AnswerBot

5mo ago

What else can I help you with?

Continue Learning about Finance

You owe Wells Fargo money from a closed checking account 4 years ago they just opened a new account for you can they take your money from the new account to pay back your old debt?

I do not know about Wells Fargo, but Bank of America can. They took money from an account where I am a co-signer. My old account was closed 6 years ago.


You know that a bank can take money from one's account if they owe on a credit card but can that bank withdraw funds from a different bank's checking or savings account to pay off said credit card?

If the accounts are held by the same customer - then yes ! The alternate account is an asset - and can be plundered to pay off your debt


How old do you have to be to get a overdraft?

If you're referring to a bank overdraft, any age really. An overdraft is just when you've spent more than you have in your account. Different banks have different policies. Some allow you to tie your (presumably) checking account to a savings account, and provided that you have funds in the savings account, they will automatically move money over for you (for a fee of course). If you are over 18 and eligible, you can also sign up for a line of credit which is basically a credit card, only with out the card and only for your bank account. If you are out of money in checking and savings, and you have a line of credit, they will take money from there. Many places don't like having to charge you for poor money management, but they do it anyways because it is a potential avenue to make some money. If you find yourself in a hard spot, talk to your bank because many times they will forgive your first overdraft.


How do you know if a check has cleared?

A check has cleared when the money has been successfully transferred from the payer's account to the payee's account. This process can take a few days, and you can usually confirm that a check has cleared by checking your bank statement or online banking account for the transaction.


Is it safe to pay online using my checking account?

Paying online using your checking account can be safe if you take precautions such as using secure websites, not sharing your account information, and monitoring your transactions regularly.

Related Questions

What if its disabilty money in your checking account how would a lien work then?

if you have a lein on you, can they take your disabilty money out of your checking account


My dads sister is on his checking account but not on the will which is to be divided between the kids. can she legally take the money for herself even if the will say to divide between the kids?

It depends on how the checking account is held. If the account is a custodial account it will pass according to the will, then she cannot take the money. However, if this is a joint checking account, in the eyes of the bank she is a co-owner and is legally permitted to take the money.


Can fortune learning systems still take money from your checking account?

For what?


Could Spouse take all money out of Joint checking account?

yes


If the mortgage lender and the checking account bank are the same does it help to open an account elsewhere to avoid them taking money from the account for delinquent payments?

it is my understanding that the only people who can take money from your account without your permission are the IRS to pay back taxes. unless you sign somthing giving the bank permission to take money out of your checking account I don't think they can do it. make sure you read the fine print of any loan document so you know that you are not giving them the right to take money out of your checking account.


Can you legally take money from your husband's checking account?

No, not without being on his account...or actually having approved access to it by him.


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


Who can take money out of your checking account without consent Florida?

No one. No one can take money from your checking account without your consent. This rule is not only in Florida but also applicable throughout the world. But, if you have a standing agreement with anyone wherein you have given them the right to debit/take money from your account by signing an automatic funds transfer form then they have the right to take money from your account without getting your consent every month.


How do you protect a checking account from being attached by a judgment?

Take all the money out and close it out as fast as you can.


How does one remove money from your unclosed checking account?

Go to the bank, fill out a withdrawal slip and take it to the teller.


Can they take your money out of savings for a closed overdrawn checking account If so how much?

If you had overdraft protection that linked the two accounts, then yes.


If you are behind on an auto loan can the bank take money out of your checking account to pay the loan?

Read your loan agreement....it probably has a clause specifying they can.