If a member of my family is in debt, and they cannot maintain payments while they are in talks with the Citizen Advice Bureau, does the bank to which the money is owed have the right to take my money, WITHOUT MY PERMISSION, from my own account, keeping in mind I have an account with the same bank, and the address on the account is the same address as that of the family member in debt?
2007-03-28 12:22:04 · 9 answers · asked by rikimaru_2k1 1 in Business & Finance ➔ Personal Finance
If the person with the problem is listed on your account? yes they can
If they are not listed on your account, the account is not joint, its individual?
the bank should not be able to touch it
2007-03-28 12:30:36 · answer #1 · answered by Mopar Muscle Gal 7 · 0⤊ 0⤋
I don't think they can take your money even if YOU were the one in debt. At least in the US, a bank can only sue you or mess up your credit. I don't think anyone can just withdraw money from a bank account even if money is owed to them. Oh wait, you say the debt is owed to the same bank you have an account with? I don't know then... That is if the debt was yours. Since it is not, you have nothing to worry about.
2007-03-28 19:33:39 · answer #2 · answered by rondoggnuts 3 · 0⤊ 0⤋
no the dept belongs to the named person who as the dept not someone at the same address unless you have a joint account with this person
2007-03-28 19:31:21 · answer #3 · answered by steve the turk 2 · 0⤊ 0⤋
If your in the UK not unless Ur married (because then Ur finance's are linked). if they did it is theft because you are not response able for any other family members finances, it's against the banking code to do that.
2007-03-29 20:37:59 · answer #4 · answered by Sasha 3 · 0⤊ 0⤋
only if they are named on your account or they are taking money for a joint debt ie mortgage? otherwise no they cant so if they have ring them and find out whats going on they should refund it if they have
hth
2007-03-28 19:36:04 · answer #5 · answered by kj 5 · 0⤊ 0⤋
I would VERY much doubt they can take your money. Your accounts are completely seperate regardless of which address you are registered.
2007-03-28 19:26:52 · answer #6 · answered by lausie 2 · 1⤊ 1⤋
i don't think so... at least not without your permission of letting you know first that they have the right to do so.
2007-03-28 19:26:25 · answer #7 · answered by schatz101 3 · 0⤊ 0⤋
No-but they will probably try!
2007-03-29 09:21:08 · answer #8 · answered by Anonymous · 0⤊ 0⤋
no
2007-03-30 10:21:10 · answer #9 · answered by gerrifriend 6 · 0⤊ 0⤋