Can a bank withdraw money out of your savings account to settle an overdraft?

December 18, 2009 by · 4 Comments
Filed under: Blog 

Since I owe chase bank $500, I can no longer use my checking account. So I have no place to deposit checks. I do not want to deposit any money in my savings account with Chase because I am afraid that they will empty out my savings account also.

Yes, a bank can do anything they want w/ any account especially if your NAME is on it. So..I am telling you from experience ..go and get your money, they will drain it. TRUST ME, CHASE WILL DRAIN YOUR ACCOUNT. I am serious as a heart attack..go and get your money out of the bank. Don’t be surprised if they try to discourage you from getting it. They may even tell you that there is a freeze on your acct. If you do not go and get your money..you will regret it. They will also report you to chexsystems or even place it on your credit report.

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