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The right of a credit card company to seize money from your checking account is called "right of offset." It typically applies to loans or credit cards for unincorporated businesses. Federal banking regulations ban offsets on private individual credit cards, but "lenders get around that by putting language in consumer loan agreements giving them permission," as the San Francisco Chronicle explains. This is especially true when the credit card is issued by the bank the checking account is with.
Source:
San Fransisco Chronicle: Lender can Tap Accounts if Debt Payments Lapse
Card Service Accounts: Can a Credit Card Company Seize a Checking Account
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