Can the bank take money from my account to cover my son's overdrawn account?
Full Question:
about 3 or 4 years ago my son had a checking account at southtrust bank now wachovia, well the account was closed due to being overdrawn. my name was on the account. I never wrote any checks or used his checkcard. the only thing I ever did was deposit money into it for him. The only reason my name was on the account was in case something happened to him. Well about two or three weeks ago wachovia took $166.25 from my checking account from their collection dept so they could get the money he owes them. my sons name was not on my checking account. wachovia did not contact me to let me know they was going to do this and they have not sent me a letter letting me know what they did. can they take money from my account like that?
05/25/2007 |
Category: Debts and Credit |
State: Alabama |
#5949
Answer:
This would probably depend on the account agreement you signed which added your name to the account. Taking funds from one account of the same person who owes money on another account is not that uncommon.