Electronic checking rules

Question: Mark asks about giving people electronic access to his checking account. When should it be allowed? Dave explains.

Dave Ramsey's advice: I only say watch out for adversarial situations, like with collectors. The reason being is that they will clean you out. They will say they'll only take $1,000 out for a $1,500 account, but they'll take the full amount. If you're fighting with them, don't give them access.

• Hear Dave explain the rules