Bank "Setoffs"
“A bank has an equitable right to set off a matured debt, owed the bank by a depositor, against funds in the customer’s demand deposit account.” In plain English, this means that if you owe a bank money, they generally have a…
“A bank has an equitable right to set off a matured debt, owed the bank by a depositor, against funds in the customer’s demand deposit account.” In plain English, this means that if you owe a bank money, they generally have a…