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BOA CC and BOA Cking Acct

Date: Tue, 01/12/2010 - 11:45

Submitted by anonymous
on Tue, 01/12/2010 - 11:45

Posts: 202330 Credits: [Donate]

Total Replies: 4


Wow, I've recently read on this forum that if you have a cc & checking acct with the same bank, and you are late on a cc payment, that the bank can withdraw money from your checking acct without prior authorization from you....is this accurate? I thought they could only do this after winning a judgment in court (or maybe if you have the cc set up with authorization to withdraw money monthly from your checking acct)!?!

If this is true; then is the best solution to close your checking acct and open a new one with a different bank, so the cc will not take your last $$.


Hello,

I had a bofa checking account and credit card with them. I was late 175 days, and they never went into my checking account. I only had a $1,000 balance on my CC though.
I ended up settling my debt with them for about 30%.

this was just my personal experience. I hope this helps. I would open an account elsewhere jsut to be safe.


lrhall41

Submitted by on Fri, 01/15/2010 - 13:24

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