Answer:
No! FDIC labeled such action a UDAP violation, and that’s only part of what’s wrong with it.
-----------------------------
Learn more about Mary Beth Guard’s webinar Can you use setoff?
Using setoff at the teller window
Answered by:
Question:
When a former customer who left owing us money shows up at the teller window to cash a check written to him by one of our account holders, can we seize the proceeds of the check to go toward what we’re owed?
print
share