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    jwcons1972's Avatar
    jwcons1972 Posts: 1, Reputation: 1
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    #1

    Apr 2, 2009, 07:42 AM
    Loan payment
    I have a loan with a bank where I also have a checking account. I was late on a payment and they took the payment from my checking account without notifying me first. I am not set up on automatic deduction for the loan. Is this legal for the bank to do this?
    DownUnder's Avatar
    DownUnder Posts: 492, Reputation: 24
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    #2

    Apr 3, 2009, 08:55 AM

    Could be,go back and look at the fine print,
    I know that some credit unions will do this
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