Did you know that you should NOT have your Bank Account in with the same FI that issues your Credit Card? While more than half of us do all our banking with one financial institution, that's not necessarily a good thing. If you owe money on a bank-issued credit card or line of credit, for example, and you fail to make your payments, that bank can dip into your personal accounts to take their money. Yup, they can. Referred to as the "set-off", FIs have the right to seize money from your accounts at the same bank without notice.