Can they do that?

I have a business credit card and personal checking account with the same bank. I fell behind with the credit card and the bank cancelled my card and took the entire amount out of my personal account. Can they do that?

4 Answers

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You had to sign a cardholder agreement in order to be issued a card.  Read it.

How to Deal with Unlicensed/Illegal Payday Lenders - Step by Step Instructions

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No I didn’t give them any permission and not signed any contract.


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Yes they can, depends on the verbiage of the cardholder's agreement. Its not a pointless piece of paper although most people choose to ignore it and end up in a jam.


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Read your cardholder agreement.  Did you sign and give them permission to do that?

How to Deal with Unlicensed/Illegal Payday Lenders - Step by Step Instructions

I am not an attorney. I am not offering legal advice. The information and ideas I share are my opinion only and do not necessarily reflect the opinion(s) of the owners of this website.

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