Can my bank withdraw money to pay my house payment without my permission?
If your home mortgage is past due, it's likely that the bank has a contractual or a legal right to charge your deposit account(s) for the amount owed. In many states, a legal right of offset gives a creditor (the bank) the right to take money it's owed from the debtor (you) to satisfy past due obligations. The bank would not have that right if your deposit account were in a different bank.
BankingQuestions.com is a free service made possible by the generous support of our advertisers. Advertisers are not responsible for site content. Please help us keep BankingQuestions.com FREE by supporting our advertisers. When you see an ad for a product or service you may have an interest in, click through to learn more.
Accounts
Article
Q&A
Podcast
Video
Blog
Discussions
PDF
Powerpoint
If your home 