txtrouble Posted March 30, 2007 Report Share Posted March 30, 2007 Hi,I had a question that just occurred to me. I have a Chase issued credit card (MasterCard) and I also bank with Chase. Can the credit card "see" my bank account? Or is their some separation between the two? Can they legally touch my bank account without court order? I live in Texas. I assume there is separation and they don't readily have access to bank accounts. I could be wrong though.BTW: I'm behind on my Chase card and going to try to settle with them (although they've assigned it to a CA already). Link to comment Share on other sites More sharing options...
SecretAgentWoman Posted March 30, 2007 Report Share Posted March 30, 2007 My guess is you would have to read both your member agreement and your bank agreements to see if they can cross-collect. I would imagine they could. Link to comment Share on other sites More sharing options...
CarolinaBlueEyes Posted March 30, 2007 Report Share Posted March 30, 2007 most can cross collect without any problems.. found this out the hard way. Link to comment Share on other sites More sharing options...
txtrouble Posted March 30, 2007 Author Report Share Posted March 30, 2007 Damn. That sucks. I saw on another post after I posted this thread and said Credit Unions are the only ones that can raid an account. I live in Texas, not sure if that makes any difference. I see what you are saying. I just got a tax refund in but unfortunately its spoken for and will go to pay other taxes. I just didn't want to wake up one morning and have the funds gone. I guess I'll be making a trip to the bank. Unfortunately I don't have either agreements to look up whether or not they can cross-collect. So far they haven't tried. Link to comment Share on other sites More sharing options...
astiman Posted March 30, 2007 Report Share Posted March 30, 2007 They can indeed cross collect.Read info on "set offs" Link to comment Share on other sites More sharing options...
blooker Posted March 30, 2007 Report Share Posted March 30, 2007 I have a Well Fargo account that was opened when I was a student. It came in a nice little package with a checking, savings, and a credit card. I was a poor unemployed student. I couldn't even keep money in my savings account. I defaulted on the Wells Fargo credit card. I was always concerned about WF taking money from my checking but I never closed down the checking account because I was afraid I would not qualify for a checking account anywhere else. WF never took any money. They sold it to a collection agency. Link to comment Share on other sites More sharing options...
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