my bank has taken money from my currant account and paid it into my business account to pay an overdraft with out telling me now i am unable to pay my mortgage payment.
2006-09-21 13:38:41 · 5 answers · asked by Anonymous in Business & Finance ➔ Small Business
They can if both accounts are under the same SSN.
2006-09-21 13:43:23 · answer #1 · answered by Medical and Business Information 5 · 0⤊ 0⤋
I am not sure how long you have been with your bank, however the answer is yes. If you have multiple accounts with the same bank (regardless of the type of accounts) they can trans. money from one account to another. You should make a point to visit a local branch if time doesn't allow for that customer service is good as well. Face to face is better not just because of the service but people tend to gain a better understanding when conversations are "hands on". I worked at bank for 8 years doing tech. writing (I created the programs that automatically trans the funds). Go back & look over your account agreement... not fun but read the fine print. If after reading that you may want to just read up on the federal rules. You own a home & have bills make sure you know where your $$$ is going, don't let the banks take advantage. Hope this helps. By the way, because of my job details I had to know: Visa, MasterCard & Regulation B & Z - Truth in Lending (the laws created to protect the consumer by the Federal gov.)
2006-09-21 13:55:16 · answer #2 · answered by Orchid 1 · 0⤊ 0⤋
well give the business up if its no making money and that wont happen.
Also never have a personal account and a business account at the same bank.
2006-09-21 13:41:10 · answer #3 · answered by Marcus P 3 · 0⤊ 0⤋
if you have overdraft protection, it Could.
2006-09-21 13:41:08 · answer #4 · answered by Rafael R 2 · 0⤊ 0⤋
you would have to call your bank
2006-09-21 13:40:56 · answer #5 · answered by Bob G 3 · 0⤊ 0⤋