I went into Chase to cancel the automatic payment for a mortgage on a commercial building I own.  The payment is taken out on the 1st of each month.  I want to cancel my account and not have this payment hit it.  The manager called their payment center and said that they, and therefore I, could not cancel the automatic payment only the loan company can.  I then said would happens if I only left enough money to pay outstanding checks and told you to not pay the mortgage on my behalf.  She said they would pay it and charge an overdraft fee.  So, I said, I have no control over my money in your bank is that is? 

So Friday or Monday I will drop off a letter and close my account as of that day.  If they retain any amounts waiting for the pending amounts to clear then they understand that no other amounts submitted will be my responsibility and if paid by them it is at their own risk. I am not responsible for any additional amounts paid out because I am not authorizing any amounts above my balance and will also not be liable for overdraft fees because I have closed my account.