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    Yolandamg1's Avatar
    Yolandamg1 Posts: 2, Reputation: 1
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    #1

    Mar 10, 2008, 06:50 PM
    Bank Account Restraints
    Can a creditor restrain your bank account if the account is not under your social security
    Number but under a ein # and this account contains payroll amounts for me and my staff for the week?
    Fr_Chuck's Avatar
    Fr_Chuck Posts: 81,301, Reputation: 7692
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    #2

    Mar 10, 2008, 06:54 PM
    Yes, most banks cross reference business accounts ( if sole owner) to the social security number unless you specificly tell them not to.

    Remember a business account, unless it is a corporation but is merely a ownership type business, that is still your money and not protected.
    So yes they can. If you have your business set up as a corporatoin, then it should be safe ( as long as you are not mixing your money)

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