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Your bank can deduct amounts from your own accounts for several reasons. If you cash a check that cannot be collected by the bank the bank will deduct the amount of the check from any of your accounts that has a balance. It can do the same if you overdraw one of your accounts. You gave the bank permission to do so when you opened your accounts. The bank can take bank fees from your account and also fees for check orders.

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Wiki User

13y ago
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Wiki User

15y ago

Yes. Just as you can close it without their permission.

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Wiki User

15y ago

If a bank goes under, your checking account is insured, but they will no longer honor checks or provide any other services. It may take some time to get your money back.

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Wiki User

14y ago

Banks are businesses and have every legal right to refuse to open a checking account for someone if they feel it is not in their best interests.

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Wiki User

14y ago

No. Any modification to your account can happen only with your written approval/consent.

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Adewunmi Grillo

Lvl 2
4y ago

The bank can just close your account without writing to you

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Q: Can a bank legally modify your checking account without warning or your approval?
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