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Can a bank withdraw funds from an account I have at a different bank to pay an overdue loan?

I have a mortgage with a bank. The renters left and I have no way of covering the mortgage until I get new renters. The bank took the mortgage out of my checking account. If I close this checking account and open another one at a different bank can they access my new checking account to get their funds.

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One Response to “Can a bank withdraw funds from an account I have at a different bank to pay an overdue loan?”

  1. bombastic said:

    They can’t take it from another bank account unless you provide them with that information. However, you need to find a quick way to pay the mortgage before the bank calls in the loan. In other words, they can demand all the remaining mortgage you owe on the house and if you can’t come up with it, they could start foreclosure proceedings. Good luck.




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