Yes, assuming that the reference is to a bank account levy to collect taxes due. When a bank account is held by persons who are not married then the entire account can be seized and the account holder who is not the debtor has to petition the court to release his/her funds. The court will ask for proof of the amount that is claimed by the non-debtor. If no proof is available then the judge will rule on what if any amount should be returned.
In the ePay function, how can you split a payment between your savings account and your checking account
In the ePay function, how can you split a payment between your savings account and your checking account
a trust account means you trust the person that is opening the account, and a checking account means you will keep checking it to make everything is okay.
A check is a request to draw money out of your checking account in order to pay for something.
checking from bank fund & credit card prepaid by credit
savings account earns interest.
It depends on how the checking account is held. If the account is a custodial account it will pass according to the will, then she cannot take the money. However, if this is a joint checking account, in the eyes of the bank she is a co-owner and is legally permitted to take the money.
Money market accounts and checking accounts share a lot of similarities. One difference between the two includes a limit on transactions on the money market account. One may need to keep more than $10,000 in a money market account to avoid penalties, whereas a checking account can be run down to a zero balance usually without penalties occurring.
a checking account holds your money and allows you to access it very easily at any time you would like.Money in a savings account is harder to access on demand, but the bank will pay you a small percentage of the total for keeping your money in that account.
An account shared between 2 people, They both have the same amount of power over the account. ---BAD IDEA!
i cannot split a payment in this way. i must always just pay from one account.
An interest bearing account can be allowed withdraws immediately, like a regular checking account. A NOW account generally requires a seven day notice before money can be withdrawn. So they're similar, only one requires a notice to get money out of.