Getting into a cross with a bailiff is never pleasant. It is basically the only one – the culmination of the whole situation, which was connected with the fact that you did not pay your debts. Everything has come to the point where the bailiff pays the money himself. And in different ways, including:
- Execution of property
- Execution on salary
- Execution on account
The last option is one of the most common. What if it’s just you? See with us how things are going, as well as whether you have any rights and what they can be.
The characteristic of execution on account is that it comes literally out of the blue. So to be specific, it is quite clear that if you do not pay your debts, it is possible to expect something like this. One day, you may use your card at an ATM, at a store terminal, or decide to transfer funds, but nothing happens. Nothing goes. And that means the execution on account has already occurred.
You’ll usually find out at your bank when you ask why your account isn’t working as it should. The worker at the counter tells you that the distraint is in progress and is blocked. On request it is also possible to get a specific contact to the executor, which is of course useful mainly because you want to discuss it with him.
Is it possible to find out about execution on account sooner?
Usually not. This is because the bailiff acts in such a sequence that he will first block your bank account and then send you a letter . This is a fairly understandable phenomenon and condition, as it will prevent you from withdrawing your funds from your account prior to the execution.
On the other hand, there are possibilities to learn about the execution on the account sooner, after all. If you know that you owe and do not repay, it is advisable to monitor the execution register, in conjunction with your name. As soon as a specific listing appears, it can be expected that your account will be blocked very soon. It is also advisable to monitor your account. Some banks, such as Fio, charge fees for asking your government about your balance. So deducting a charge will indirectly indicate to your bank that someone was interested in your account. It may have been just a tax office, but it is more likely that it was an executor. You can also verify this by requesting your bank to know who it was.
Can I get some money from my account?
Let’s also look at your rights. This is related to whether it is possible to get any funds from the blocked account at all. And what is the answer? This is positive. It really is possible. But not the classic way, which would be associated with taking a card and go to the ATM. He refuses to give you cash. The only option is to visit a branch where you can tell your current situation and ask for a selection.
This is not automatic since it must first be verified and approved by the responsible worker. Everything can last for several tens of minutes. Keep that in mind. Also, keep in mind that it is not up to you how much you choose. It’s not even at the bank. Everything is governed by laws that say that the maximum amount paid is twice the subsistence minimum. And it was paid once. If you don’t have as much money in your account, you will be paid the amount that corresponds to your balance.
What happens to the money in my account?
You already know what happened, you have double the subsistence minimum, and you are waiting for what happens. Now everything depends mainly on the speed of the executor. He withdraws the money in his account, and uses it to satisfy creditors. The procedure is based on asking the bank to send funds to his bank account.
Your balance plays a role here. If it is greater than the amount owed, of course, only take what it has. The remaining money will remain in your account after you release your account. However, when the amount owed exceeds your account balance, she withdraws all money from the account. And since the debt is not paid, the execution can be expected to continue in another form.
How long does the execution take on an account?
This is also quite individual. Ideally, if you have enough cash in your account, be aware that the execution will take several weeks. This is because all steps must be linked to administration and various official procedures. On the other hand, when you communicate with the bailiff and press him lightly, everything can speed up. A good bargaining position is when you have more money in your account than the amount of debt. He will deduct the amount in its entirety and then release the account.
However, if there is not enough money in the account, the execution of the account may take much longer. There is nothing unusual that we are talking here about months, but also years. The bailiff leaves the account blocked, mainly with the hope that he may receive some money in the future that he can reach. Unblocking will not take place until the debt is finally paid.
Not just one account
Good to remember that if you have multiple bank accounts, all of them can be blocked. It’s not unusual. In connection with this, the question arises as to the possibility of choosing twice the subsistence minimum. This does not apply to each specific account, but always to a specific person. This means that only one account can be selected. For others, it will be rejected. This is the reason why money cannot be withdrawn from an ATM and it is necessary to go through individual verification.