QUESTION
How can I resolve an issue from my banking institution?
Asked on Sep 24th, 2012 on Business Law - North Carolina
More details to this question:
If you bank with the same banking institution that you have your car loan with and you have a past due car payment amount, can your bank withdraw money from your checking account to pay the past due amounts without customer authorization?
Thank You.
1 ANSWER
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The answer depends on the terms of the agreements you signed with the bank. Normally, banks insist that you agree to the right of offset when you open any kind of deposit or loan account. Read the documents you signed.
Answered on Sep 29th, 2012 at 10:44 PM