Can a bank take money from your new account for an old charged off debt?

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2026-08-10 09:30

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Yes, a bank can take money from your new account to cover an old charged-off debt if they have a legal claim to do so. This often occurs if the bank has obtained a judgment against you or if you owe the debt to the same institution. It’s important to review the terms of your account and any applicable laws in your jurisdiction. If you have concerns, consulting with a legal professional may be advisable.

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