Can my Bank take money out of my account to pay debt?
February 6th, 2014 by Questions
I am considering filing for a CP. I have joint accounts with my mother as well as my own at the same bank. I am not behind in monthly payments. The money that goes in moms cheq acct is her pension and Riff and her other account is a US savings account that has not changed in dollar amount in 3 years except for little interest. I only pay her bills online, I never use her money to pay debt. If i am not behind in payments and I do file, does the bank not have a legal obligation “not” to take any monies out of any of our accounts
Btw, I also have power of attorney.
Posted from: Ontario