Consumer Proposal – Switching Banks
Hello there. Most of my debt is with Scotiabank. Unfortunately that is where my bank account is too. I was advised to change bank accounts if I was planning on a consumer proposal. Most banks won’t let me open a chequing account because my debt is high. I finally found an account I could open (an online account) and it’s with “Tangerine bank”. I just found out Scotiabank owns Tangerine. Can Scotiabank take funds from my Tangerine account if I owe them money? This is assuming they accept my CP and I’m making payments. Even though I’m making payments, can they take more money if it’s in my Tangerine account?
Posted from: British Columbia