Full question:
I owe credit card debits from Bank of America. Can they put a lein on a joint checking and savings account? The debit is my own but my wife social security check goes into our savings account and my social security check goes into our checking account.
- Category: Debts and Credit
- Date:
- State: Georgia
Answer:
This situation depends on whether your accounts are with Bank of America and the specific terms of your credit and deposit agreements. Generally, if a bank is owed money, it can hold or apply funds in your accounts to settle your debt. The fact that the accounts are joint typically does not change this, as joint accounts mean both account holders share equal ownership.
This content is for informational purposes only and is not legal advice. Legal statutes mentioned reflect the law at the time the content was written and may no longer be current. Always verify the latest version of the law before relying on it.