1. Jun 20, 2003 #1
   

   archer Member

   I had money withdrawn by Credit Union to cover towing and storage fee of a car that I financed through them. They withdrew this money out of my checking account without my written nor verbal consent. Is this type of thing legal? Thanks

    

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3. Jun 20, 2003 #2
   

   lbrown59 Well-Known Member

    
4. Jun 20, 2003 #3
   

   too much Banned

   Yes, they can do that.
   
   If you read your account agreement, it says something about the CU being able to take money from your account to satisfy any outstanding balance owed on a CU loan or account.

    
5. Jun 20, 2003 #4
   

   keepmine Well-Known Member

   It's called executing an offset.

    

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