Legal Question in Banking Law in North Carolina
account withdrawals by bank
If I am late on a bank payment, can my bank make a withdrawl from my checking account without letting me know first?
Asked on 2/07/09, 12:27 pm
1 Answer from Attorneys
David Anderson
Anderson Business Law LLC
Re: account withdrawals by bank
I would need to review your account holder agreement with the bank to advise. Your loan may provide for setoff or direct withdrawal if you fail to make the payment on time.
Call or email for assistance. I have represented numerous banks in the past 25 years.
Answered on 2/07/09, 12:50 pm
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