Yes, if you owe the bank that you have an account with, the bank might use the "set off" to deduct the worth of payment in the event you don't live up to the terms of your agreement. Rest assured that they will produce the document wherein you've placed your signature to allow such withdrawals while opening your checking account.
Yes, if you owe the bank that you have an account with, the bank might use the "set off" to deduct the worth of payment in the event you don't live up to the terms of your agreement. Rest assured that they will produce the document wherein you've placed your signature to allow such withdrawals while opening your checking account.