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It depends. If:

  1. you have a monthly loan repayment agreement with the bank wherein the bank automatically deducts your monthly payments from your savings account or
  2. you have defaulted on your loan payments for more than 2 or 3 months and haven't contacted the bank reg. the same

Then, the bank can withdraw money from your account (if there is any cash available) towards your loan repayment. Otherwise the bank cannot deduct any money from your account without intimating you.

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Q: Can chase bank withdraw money from your account with out you notify?
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