Can a bank withdraw funds for student loan repayment, without consent or without advising an account holder, and not sending a letter to advise of the amount to be withdrawn or the established interest rate?
You may have to check any specific terms on your student loan, but the right to setoff (or offset) is employed at all banks. If you owe the bank money and the bank owes you money, the debts can be offset. That means they can debit your deposit and apply the money to a loan. No notice is required either before or after. The debit will be reflected on your next statement. Make payment arrangements with a lender, so that they have no need to resort to this.
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You may have to check any specific terms on your student loan, but the right to setoff (or offset) is employed at all banks. If you owe the bank money and the bank owes you money, the debts can be offset. That means they can debit your 