1. The consequences of being sued for owing money to the bank are as follows:

(1) After the creditor wins the case in court, if the debtor fails to perform the judgment of the court within the performance period, the creditor may apply to the court for enforcement;

(2) When the court accepts enforcement, it will inquire about the property, vehicles, securities and deposits under the debtor's name according to law;

(3) In addition, if the debtor has no executable property and refuses to perform the effective judgment of the court, negative information such as overdue payment will be recorded in his personal credit report, which will limit his high consumption and entry and exit, and may even lead to judicial custody.

2. Legal basis: Article 248 of the Civil Procedure Law of People's Republic of China (PRC).

If the person subjected to execution fails to perform the obligations specified in the legal documents according to the enforcement notice, it shall report the current property status and the property status one year before the date of receiving the enforcement notice. If the person subjected to execution refuses to make a report or makes a false report, the people's court may, according to the seriousness of the case, impose a fine or detain the person subjected to execution or his legal representative, the principal responsible person of the relevant unit or the person directly responsible.

Article 249

If the person subjected to execution fails to perform the obligations specified in the legal documents according to the notice of execution, the people's court has the right to inquire about the deposits, bonds, stocks, fund shares and other properties of the person subjected to execution from the relevant units. The people's court has the right to seal up, freeze, transfer or change the price of the property of the person subjected to execution according to different circumstances. The property inquired, sealed up, frozen, transferred or changed in price by the people's court shall not exceed the scope of obligations that the person subjected to execution shall perform.

When the people's court decides to seal up, freeze, transfer or change the value of property, it shall make a ruling and issue a notice of assistance in execution, and the relevant units must handle it.

Second, what should I do if the money I owe the bank is sued?

Money owed to the bank is sued, and the solution is as follows:

1. Both parties can repay by installments. In practice, if the arrears lawsuit is successful and the other party has no property to enforce, the parties may apply to the court for compulsory enforcement of the other party's property, including movable property and immovable property, after the judgment takes effect;

2. If it is really unable to repay, it shall negotiate with the lending institution to extend the repayment period or repay it in installments. If the lending institution fails to perform the court's judgment within the performance period after suing the court, it will apply to the court for enforcement. When the court accepts enforcement, it will inquire about the real estate, vehicles, securities and deposits under the name of the lender according to law.