Regions Bank Regions Bank debited my personal account for a business flexline payment citing section #37 of the agreement but my ends at section #35 and has no #37. St. Petersburg Florida
My business flexline of credit agreement ends with section #35 but Regions us using a section #37, which does not exist on my agreement, to debit from my personal checking account. There was no authorized draft agreement between my business and personal Regions account for. This debit caused numerous overdrafts and NSF's on my personal checking account.
Kh
na, Florida
U.S.A.
5 Updates & Rebuttals
Kh
Na,Florida,
U.S.A.
Not not true because of separate account identities
#6Author of original report
Tue, November 11, 2008
The business account is a corporate account established under a tax-id number and the personal account was established under a personal ss#.
Kh
Na,Florida,
U.S.A.
Not not true because of separate account identities
#6Author of original report
Tue, November 11, 2008
The business account is a corporate account established under a tax-id number and the personal account was established under a personal ss#.
Kh
Na,Florida,
U.S.A.
Not not true because of separate account identities
#6Author of original report
Tue, November 11, 2008
The business account is a corporate account established under a tax-id number and the personal account was established under a personal ss#.
Kh
Na,Florida,
U.S.A.
Not not true because of separate account identities
#6Author of original report
Tue, November 11, 2008
The business account is a corporate account established under a tax-id number and the personal account was established under a personal ss#.
Ken
Randolph,Massachusetts,
U.S.A.
Right of Offset
#6Consumer Comment
Thu, October 23, 2008
It's called Right of Offset. If you are delinquent on a loan, a bank has the legal right to tap any account they have with you as a party. It is generally not well advised to keep personal accounts in the same bank as business accounts for this reason.