Which is the best Canadian credit card to take overseas?

Can banks take money from my account to pay a credit card debt?

• Banks right to off set or right to set off!!!? I heard so many people asking this question if the bank can take money from a ckecking accout or saving to pay a credit card debt with the same bank? well, they can do it if you owe or overdraft your checking then they can take money from you saving, they CAN NOT take money to pay a credit card debt. ONLY credit union can do it. any question go to helpwithmybank.org or call OCC Regulation Z §226.12(d) prohibits banks from exercising a right of setoff against deposit account balances for delinquent credit card debt. While we recognize that this prohibition was mandated by Congress, we doubt that Congress intended to extend it beyond traditional credit cards. However, due to Regulation Z’s expansive definition of a "credit card" (embodied in §226.2(a)(15) and the commentary thereto), any line of credit may be subject to the setoff prohibition if certain conditions are present. For example, a credit line is considered a "credit card account," and subject to §226.12(d), if it covers overdrafts on a checking account which is accessible by a debit card. Similarly, a credit line is subject to the setoff prohibition simply because it is accessible by a telephone billpaying arrangement involving the use of a PIN.

• Answer:

  If you open a credit card with the same bank where you have a checking account then you agreed to allow that.