Bank takes money out of my account

[Danisdan]

What is the name of your state? Florida
Can a bank take your money out your saving account if you or over limit on your credit card?

 

[Debt Guy]

Probably. 99.9% of all bank deposit agreements (savings and checking) provide for what is called a "right of offset". That means if you owe money to the bank and don't pay, the bank has the right to offset your debt against your money on deposit.

 

[Danisdan]

So that means there is nothing I can do to get my money back they toke or stop them from taking more of my money?

 

[mb94]

Pay back the amount that is over limit on the credit card and they'll stop taking it from the savings account!

 

[Ladynred]

Or.. close the bank accounts and put them in another bank, then they would have no right of set-off for your overages or delinquent debts.