Reply #113: Don't think a credit union wouldn't do the same to you.

[Hassin Bin Sober]

In fact, they may be MORE likely to exercise right of set-off and confiscate savings as the credit unions are usually smaller in size and less able to take a hit. The big banks are less likely to put two and two together and snatch your account. I'm not surprised the big lenders are going this route to mitigate huge losses.

I've been in consumer lending for twenty years and I have always counseled customers to keep their borrowing and savings at separate institutions. Definitely move money if you are in trouble on a loan that is linked to your savings.