Can the bank seize money from other banks
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Category: Dealing with the Banks!
Forum Name: Scotia Bank Horror Stories...
Forum Description: Describe your dealings with Scotia
URL: https://www.canadastudentdebt.ca/forum_posts.asp?TID=3641
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Topic: Can the bank seize money from other banks
Posted By: Poohat
Subject: Can the bank seize money from other banks
Date Posted: 25/July/2006 at 3:11pm
| Can Scotia bank seize money from another bank? I havent used scotia bank in ages ...but I am worried they could seize money from my other bank/s ...is this possible? |
Replies:
Posted By: SolveStudentDebt
Date Posted: 29/July/2006 at 1:23pm
|
Not without a judgment certificate, an execution order, and knowledge of the particular bank account to anchor the order. Johnny http://www.cfwgroup.ca - www.cfwgroup.ca
------------- Solve Student Debt specializes in solutions for students and graduates in student loan default, and those at risk of defaulting. http://www.solvestudentdebt.com" rel="nofollow - solvestudentdebt.com |
Posted By: BigFatherA
Date Posted: 03/August/2006 at 4:23pm
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But they can hose any Scotia account you may open while they still have
the loan. That's why I have ZERO accounts with the Royal Bank. . .
------------- BigFatherA Priest & Teacher non carborundum illegitemi est |
Posted By: Honey Bee
Date Posted: 06/December/2009 at 4:38pm
I completed my degree at Queens in 2003, then went to the USA and lived there until recently. I never made arrangements to repay OSAP, and I haven't paid anything towards this debt (approx $20K). I recently returned to Wawa, Ontario and intend to live here again for a few years at least. I am wondering, if I set up a chequing account, can OSAP or the Canadian government, or a related collection agency take the money out of the account without my permission for repayment? I ask because I had an account with HSBC and one day, shortly after I had moved to the USA, they paid the entire balance of my account to OSAP (around $300) without asking my permission. Obviously my US accounts are beyond their reach, but for practical reasons I will need a Canadian bank account again. |
Johnny wrote:Posted By: SolveStudentDebt
Date Posted: 07/December/2009 at 7:16am
|
Not unless they have a judgment in place, and know where your accounts are.
------------- Solve Student Debt specializes in solutions for students and graduates in student loan default, and those at risk of defaulting. http://www.solvestudentdebt.com" rel="nofollow - solvestudentdebt.com |
Posted By: BigFatherA
Date Posted: 17/December/2009 at 8:40am
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It seems that might not be true for US accounts (at least in some states) and some debts. Currently its second mortgages but who knows what the future will bring? http://www.silive.com/news/index.ssf/2009/12/homeowners_are_getting_hit_a_s.html ------------- BigFatherA Priest & Teacher non carborundum illegitemi est |