Edgeman
Chico,#2Consumer Comment
Thu, March 19, 2009
Hello, I'm sorry to see that you're having difficulties and having your money seized is adding further stress and aggravation. I hope things pick up for you. As for the money being taken out of accounts, it will be in your account agreement under "right to offset" or some similar wording. Put briefly, the bank will not be left holding the bag and reserves the right to withdraw money from a customer's accounts to satisfy their debts elsewhere. Someone with a negative balance in their business account may find that the funds have been withdraw from a personal account or from a spouse's account or even their parent's account.