Can credit card companies access your bank account?

Giving a creditor your bank account information is essentially giving them permission to access the account. Most credit applications require you to provide banking information, so chances are that you gave them your bank’s name and your account number when you applied for the credit card or loan.

Can I use someone else’s checking account to pay my credit card?

You will need to provide your bank account’s routing number and account number for payment. And, the cardholder may need to confirm authorization for another person — who isn’t on the credit card account — to make a payment toward the account balance.

Can you get in trouble for using someone else’s debit card?

You can use someone else’s credit card if they let you. But if they don’t give you permission, it’s fraud – and that is a crime. The issuer only authorized the person who got approved for the card to access its credit line. So even using someone else’s card with permission is a violation of that card’s terms.

Can a bank take your checking account if you have a credit card?

If you have your credit card and your checking account at different banks, your account is generally protected. Your credit card agreement with First Bank of Somewhere is private, so it can’t just call Second Bank of Somewhere and ask for your money.

How do I pay a credit card from another bank?

Log in to your CommBank NetBank account. Select the “pay bills” option and choose the account you want to make a payment from. Enter the BPAY details from your credit card statement. With an ANZ credit card, the biller code is 6007 and the reference is your 16-digit account number. You can use these steps with any bank or credit card provider.

Can a bank wipe out your savings account to pay a bounced check?

This right, called the right of setoff, comes from the Federal Reserve and is how a bank can, for instance, wipe out your savings account to pay off a bounced check. As written, the regulation doesn’t let banks use the right of setoff to take your checking account to pay a credit card debt.

Can you open a checking account with a linked debit card?

When you go to open a checking account, many banks and credit unions will check your credit. Having dings on your credit doesn’t automatically disqualify you from opening new accounts, but serious problems could. Bankrate notes that banks are more likely to look at credit when you try to open an account with a linked debit card.