Bank Deposit Vs. Loan Payment

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Gaines22

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I recently deposited in my checking account only to find out that the next business they without my permission withdrew money to cover a couple of loans that I had through them one of the loans wasnt even 30 days late yet. And instead of stopping there they took one loan that made my account go negative then charge me a fee. Can they do that without asking me first?
 
Call their customer service and have them reverse the fee. Also, tell them that any unauthorized debits to your account will be disputed. Good Luck!
 
It depends, Usually if this is a credit union, they have what is called a cross collateralization clause-- meaning if one account is bad they are all bad and they will transfer from a deposit to pay a delinquent loan-- Usually they will not do this unless the account is 30 days or more delinquent. You should call the manager and see if that is the clause they have and at what time do they consider doing a transfer like that.
 
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