Right of Offset for NSF/OD Accounts?

Posted By: Playin 88-Keys

Right of Offset for NSF/OD Accounts? - 01/30/12 09:42 PM

Brain Freeze Moment: If we have a personal account held jointly that is overdrawn, can we offset this OD amount using funds from an account held individually by one of the joint owners?
Posted By: cbinder63

Re: Right of Offset for NSF/OD Accounts? - 01/30/12 09:46 PM

Look at the deposit contract/signature card for the accounts. Many will have verbiage relating to the right of setoff (offset) from accounts.