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Re: sludgehound post# 50047

Tuesday, 05/04/2010 3:02:34 AM

Tuesday, May 04, 2010 3:02:34 AM

Post# of 189116
In the last 10 years the banks have been granted unlimited ways to extract money from their customers. I know if you ever pay any bills by check, you better not owe the payee anything and have funds in that same account. They can legally draft on that account for whatever they think you owe them. Your bank will pay the draft and you find out when statement arrives. We have a watchman who that happened too. Also his social secirity check went into this account. Now, that would have been protected from any seizure but he would have had to declare to the bank before that this account was SS money only, then it was protected. Thats what he told me about the SS part. I know the other part is true.

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