If you have a bank loan and you have a checking account with the same bank and your checking is overdrawn so the bank closes your account, can they add to your loan?

Asked 11/1/2011 under Consumer and Lemon Law | 278 View(s) | More Legal Topics

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Consumer and Lemon Law Law Answers

There is no general answer to this question, since it depends *entirely* on the agreements (e.g. account agreements) you have signed with the bank. If those agreements give the bank the right to do this, they can: for example, one month when the payroll account  for a small  business I was associated with was overdrawn (a new employee was added, but the contribution to the account was not increased), the bank

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