Legal Question in Credit and Debt Law in Indiana

withholding S B Account

is thier a rule from the RBI that a bank can withhold your saveing account for delayed payment of Credit card due?


Asked on 4/10/09, 11:07 am

2 Answers from Attorneys
Gregory Coleman Coleman Law Office

Re: withholding S B Account

It depends on how your contract reads. If you have a credit card from the same company you bank with, this can sometimes happen. How do you have your account set up? Do you have it where automatic payments come out?

If you have auto deduct, then they will continue to take the money out. You can always switch banks.

Read more
Answered on 4/30/09, 10:49 pm
Samuel Hasler Samuel Hasler

Re: withholding S B Account

If that is in your agreement with the credit union, then the money can be withheld.

Read more
Answered on 4/10/09, 1:47 pm


Related Questions & Answers

More Credit, Debt and Collections Law questions and answers in Indiana