can I make a deposit in my saving account if the checking account that was paired with has been closed out?

Question

I had both a checking a savings account at Navy Federal credit union. Last year the checking account was closed due to it having a negative balance. I still have the savings account, albeit with a small balance. I was wondering if I deposit an amount ( a large amount) in my savings would it stay in my savings or would the credit union apply it to the negative balance on the closed checking account?

Answer 1

they can take it and just why would you choose not to correct the negative balance!!!

Answer 2

If you still owe the balance from your checking account, the bank can and will take the money out of your savings account. I see this on a daily basis. Someone mentioned opening an account at a different bank, but you may have problems with that. When opening an account, savings or checking, my bank will do a credit check and call Check Systems which will tell them if you have bad checks out or accounts closed because of negative balance!

You need to step up and pay what you owe to the bank! If not, it's the same thing as stealing!

Answer 3

I've had my account closed for negative funds. If you don't take it out, you will lose any money you have in your savings. Take out the money, and close the account yourself. Then open it in another bank. Keep an eye on your balance, because banks have rules on minimum balance and account activity, and they will charge hidden fees if you don't keep it active and minimally funded.

Answer 4

They can take it.