Just be aware that the banks right to setoff outlives the SOL.
At anytime they can remove funds from any branch in the country which you might have an account.

Which is two years?

dead beat is such an ugly term...
everybody from time to time runs into financial issues....

the debt won't be abandoned until the statutes of limitations kicks in....

Yes, this is what I figured. Thanks.

Do not deposit any money in the account unless you are prepaired to lose it. They may not.....but they may.

Ok, that's helpful, I appreciate it, thanks.

If the agency bought it they would have to indicate that in the letter. It is quite possible the bank is simply using their services in an attempt to collect. It is a rather fresh debt for them to have sold already. Bad news is they still have lots of time to sue, if they wish.

I received a collection letter from an outside agency. Well, I'm assuming it's an outside agency.

What makes you believe they sold the debt?

First I should point out that I am not a deadbeat. The debt was 18% and through the nonsense of fine print magic they pushed it to 24% when I missed a payment. I begged them six months ago to reduce the interest but they told me I had to be under limit in order to get that. In effect, they hung me, and I told them I had no choice but to stop making payments as I would never get ahead of things @24%.

So it's been probably five months since I've made any payments or acknowledged the debt.

The debt was $11k. I'm not interested in walking away from the debt, but being able to use my bank account to do normal things like paying rent and so on, so I can get on my feet. I have no other bank account, and other banks will not give you a new bank account unless you have proof that you already have an operating bank account. So in effect I can't even use my chequing account without the bank taking everything I deposit. All I want to know is whether the bank will now allow me to use the account without seizing every dime? I'm not talking whether they have the right or the morality of it. Obviously in both cases they do. I'm just asking about whether I can safely use my chequing account in order to become a human being again.