I owe Bob $10. Over the phone I tell Bob to get it from from checking account. I give him my checking account number. Can Bob automatically retrive his $10 from my checking account?
2007-06-23 11:25:48 · 3 answers · asked by Anonymous in Business & Finance ➔ Personal Finance
Only if Bob has facilities that allow him to debit accounts through automated systems.
If not Bob will require a signed check from you.
2007-06-23 12:39:04 · answer #1 · answered by angie 5 · 0⤊ 0⤋
If 'Bob' is a person and not a company, he does not have the ability to initiate an ACH transaction even with written authorization. Most companies that do have that ability will accept a 'check by phone'.
2007-06-23 14:45:46 · answer #2 · answered by STEVEN F 7 · 0⤊ 0⤋
Collection calls are recorded and they have to announce that over the phone before they do anything but, yes, if you give permission verbally, they can do it and they have the recorded proof to follow it up.
2007-06-23 11:28:19 · answer #3 · answered by tabulator32 6 · 0⤊ 0⤋