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    pattybass's Avatar
    pattybass Posts: 1, Reputation: 1
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    #1

    Jan 10, 2009, 02:25 PM
    Banking holds
    I have a credit card debt with a bank, that I also have a checking account with. I am aware that they can hold that balance, but I also sign on another account, at same bank, that is a fraternity account, with 3 other signatures. Can they place a hold on it ?
    JudyKayTee's Avatar
    JudyKayTee Posts: 46,503, Reputation: 4600
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    #2

    Jan 10, 2009, 03:37 PM
    Quote Originally Posted by pattybass View Post
    I have a credit card debt with a bank, that I also have a checking account with. I am aware that they can hold that balance, but I also sign on another account, at same bank, that is a fraternity account, with 3 other signatures. Can they place a hold on it ?


    I wouldn't chance it. If you have the ability to withdraw funds from the account I would remove my name.

    If that money is frozen, correct or not, it will take you a very long time to resolve the problem.
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