if you have aloan and you cancel  your direct debit can the bank take it out of ones overdraft?
610414
If you have cancelled the direct debit, then the company shouldnt be allowed to take anything from your account. But make sure you get proof that the direct debit has been cancelled.
269088
ACH  processing electronically debits and credits checking and savings accounts.\n\nLikely you are considering a tax preparer who uses this service to route your refunds directly into your savings or checking account.\n\nNot stopped in the usual sense.  They want to know both your account number and the routing number of your bank if you expect a refund.  It is either in your account or not in your account.  And sometimes it is just not anywhere.\n\nIf you use the service to pay your taxes, you would be using this instead of a paper check.  No why would you want to do that?  \n\nIf the money is coming to you, you are likely paying a fee for the ´service´ of getting your money faster.  You are assuming the slight risk that something happens.  When something does happen, it is always ugly.\n\nIf the money is going out of your account, I would not want to give up the control of my funds.  I know people who do that, automatic withdrawals.  they just never seem to remember to actually write it in their checkbook.\n\nStay with the simple life my friend.  Slow down and keep your numbers and accounts safe.\n\nGood Luck.
362161
Yes, but they'll charge you for it.  Click 'Withdrawl" once you get to your account and it will tell you all the details.
950106
Your question leaves a little detail out.  If you are worried about a check you DEPOSITED into your account, banks give you conditional credit sometimes for deposit and they can subtract the deposit from your account, if the check is rightfully returned.  That's under your deposit/account agreement with them.  \n\nIf it's a check you gave to someone else, and it cleared your account, that means that it won't bounce back to you "per se" but that the bank will be looking for you to make up any difference in funds short in your account, as an overdraft of your account.  Also in your deposit/account agreement.  Banks have a limited time to allow clearance of funds interbank under the Uniform Commercial Code and don't ask for funds back from another bank if that time period has passed, if they transferred the funds. If you are concerned about a different situation, please edit your question to provide more detail.
368448
Tell your bank to stop payment on the account...
818998
Reclaiming Unlawful Bank/Credit Card Charges\n\n\nDid you know that when banks and credit card companies charge you for going over your overdraft limit, those charges are unlawful?\n\nNope, most people don’t. However, there are a few people who are waking up to this and have won back their charges, either directly from the banks or through the courts.\n\nHow to reclaim your charges. (Please note, you can just change the wording of the letters for your credit card or store card) \n\n1.  Before sending the sample letter, you need to know the amount you are claiming. You can back-date your claim for up to six years. If you need to get copies of your bank statements, use sample letter two.\n\nUnder the Data Protection Act - the bank has only 40 days to provide your statements. Do not worry about the extra wait - you can legally claim 8% APR on each charge for the full period, so the longer it takes them, the more money you will have back. If they still refuse, or do not furnish you with this information within 40 days, report them to the information commissioner - www.informationcommissioner.gov.uk - for a breach of the DPA. \n\n2. Now you have your statements, add up all your charges and then send them sample letter one with your own details. \n\n3. You should now receive a reply from your bank; it will be along the lines of: \n\na) Sorry you're not happy; however our charges are listed in the terms and conditions, if you are not happy you can now go to the Ombudsman.\n\nb) We looking in to this, however please note under the bank code we have 8 weeks in which to reply. (Do not accept this - you have given them 7 days) \n\nc) You will be offered a partial or full refund. You can choose to accept a partial refund, but the money is yours so it may be better to hold out for a full refund.\n\nd) They will deny the claim that the charges are unlawful (about 50% do this) \n\n4. If they do not offer you a full refund, send them a follow-up letter reiterating your original claims and giving them 7 days to pay\n\n\n\n\n5. Most banks will have paid up by this stage. If your bank doesn’t, now is the time to take them to court. It is a simple procedure, don’t let it intimidate you. To enter a claim go to www.moneyclaim.gov.uk and fill in the claim form. \n\nYou will have to pay the fees upfront with a credit or debit card.  If you are receiving benefits of any kind, you may be exempt from the fees.  However, you will have to use the paper N1 claim form and submit it to your nearest county court; you can get these on-line or from your nearest county court. \n\n\n6. The bank will now do one of four things.\n \na) Ignore the claim completely - in which case after 14 days you will need to ask the court for judgment in default. This means you win. \n\nb) Offer to pay the claim in full, including interest and court fees \n\nc) Acknowledge the claim – they then get a further 14 days to enter a defence. Some banks will acknowledge the claim and then pay up.\n\nd) Acknowledge the claim, and then on the 26-28th day, enter a defence \n\nIf the bank defends, the next thing that will happen is that you will receive a Court Allocation Questionnaire you must fill this in within 7 days of receiving it, and pay the additional fee. \n\n7. The court will now set a date (if the bank has not already given your money back by this point - and most will have done) \n\nAs far as we can tell from our research, most banks have settled before the court date, and those that have not, have lost the case.\n\nSample letters are on the next pages.\n\n\n\nImportant Updated information\n\nSome banks are now closing down the accounts of those who chose to challenge them. They are entitled to do this and you should consider this possible outcome before taking any action.\n\nThe Office of Fair Trading has ruled that it will view any charges over £12 as automatically ‘unfair’. However, the banks have a yet to respond to this before any action will be taken. This
1051492
Call the bank and ask them
841419
Call them ASAP, they might let you skip a payment or two, to avoid collecting on the debt, although I don't think they would let you out of the debt.
879346
As long as you pay the overdraft fees and get your account back to at least a 0 balance, no. It will destroy your credit if you don't pay it and they close the account and send you to collections. Not only will that hurt your credit, you will be reported to chexsystems, and it will be nearly impossible to get a regular account for 7 years.
866087
What Bank of America does is it instantly gives you a CREDIT when you deposit money in an ATM, but the credit is temporary and may not be for the full amount of your deposit (usually it's just a couple hundred dollars at most).  That credit will be instantly available, but may be retracted and the actual deposit is not likely to occur for a day or two.\n\nIn addition, Bank of America does reserve the right to delay a deposit but up to 11 business days.  Some of the reasons they may do this include:  (directly from their website)\n\n- You deposit checks totaling more than $5,000 in one day. \n- You re-deposit a check that has been returned unpaid. \n- We believe a check you deposit won't be paid. \n- You've overdrawn your account repeatedly in the last six months. \n- There is an emergency such as an equipment failure. \n\nSeeing a living, breathing teller, on the other hand, usually does instantly deposit the actual amount of your deposit into your account right away, though sometimes it doesn't get posted until the next business day.  You can always ask the teller when you are doing the transaction.  And as above, they reserve the right to reverse the transaction for a variety of reasons or delay it as well if they feel they have a reason to.
459045
cancel credit card payment
389225
yes when you switch bank account
1028643
Take out Overdraft protection on the account. It weill allow you to go over your limit but at a cost.
560488
They are going to probably overdraft you and put it negatively on your account.
284508
Sounds like a scam to me.  Go to your bank right away and tell them you are a victim of fraud.  They may be able to reverse it.
1060518
you should call your bank that issues your checks immediately if you haven't already done so... They will close your account and you won't be held responsible for those checks.
405795
In using your debit card you engage in transactions that are the same as writing a check.....If you overcharge your acount you will usually be denied the transaction on the basis of insufficient funds. If, however, you do manage to overdraw your account you will end up with a negative balanc, and you will recieve a return check fee just as you would if you wrote a bad check.  The next time you deposit money into your acount the negative balance will be deducted from that money.  No collections unless you close the acount and dont pay the money you owe.