I hear stories from my clients telling me that one day they had $2,000 in their bank account and the next day it was all gone. They always ask me if it is legal for the bank to do this, and most of the time the answer is yes. If you owe the bank some money (i.e .you had a credit card with chase bank) and you bank with Chase, then Chase can exercise their rights to a setoff.
Once you are in default on any loan/credit card that you have with the bank, the bank will not be required to sue you or give you advance notice, rather they can just take the money in your account.
If you have credit cards or loans that have gone into default then it may be time to see your bankruptcy attorney. The filing of the bankruptcy can prevent the creditor from taking your money in the account, and with the proper bankruptcy exemptions you may be able to keep the money in your account after bankruptcy. If you would like to schedule a free consultation with a Miami / Fort Lauderdale bankruptcy lawyer then give Ofer Shmucher, at Shmucher Law, PL a call at 954.309.5559 or 305.741.5553.