Electronic Access Rules

Mark gets the do's and don't's of whom he should give electronic access to his checking account.

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

ANSWER: 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.