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Can a US collection company seize money from a Canadian bank account?
Wiki User
∙ 11y ago
They cannot 'seize' money from a foreign bank. However there are many worldwide treaties regarding currency and debt, to which both the US and Canada are signatories. The US collection company would have to go through the courts, but it could well be the case that a request is sent to the Canadian bank, which will handle it per the terms of the treaty.
Wiki User
∙ 11y ago
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Can a Canadian collection company seize money from a US account?
They cannot 'seize' money from a foreign bank. However there are many worldwide treaties regarding currency and debt, to which both the US and Canada are signatories. The US collection company would have to go through the courts, but it could well be the case that a request is sent to the Canadian bank, which will handle it per the terms of the treaty.
Is Canadian money printed in Australia?
No. Canadian money is not printed in Australia. Canadian banknotes are printed by either of two companies: the Canadian Bank Note Company, which is a Canadian security printing company; or BA international Inc, which is a branch of the German printing company Giesecke & Devrient.
What is account payable and receivable?
Account payable is a record of money your company owes to another company/person. Account receivable is a record of money owed to your company by another company/person.
Where do they make Canadian paper money?
Canadian paper money is produced by the Canadian Bank Note Company, a private company located in Ottawa, Ontario, Canada. They have been the sole printer of Canadian banknotes since 1935.
Can collection agency take money out of joint account in ct?
Yes they can.
Can you transfer money from ICICI bank to SBI account without collection charge?
Yes, We can i need to transfer my money to icici to sbi account
How do you recognize account payable?
Account payable is an account that is a Liability (current). When a person or company owes another company money on account, that is an account payable.
If the bank charged off the account and send a 1098 form to the IRS can the bank later sell the account to the collection company?
Banks can sell debts to collection agencies at any time. The write off was likely done after the sale anyhow, and the 1098 was for the amount of money the bank lost overall.
Can collection agencies take money from a personal bank account in TX?
Yes they can.
If a collection agency goes bankrupt how does someone find out who owns the debt?
Even if the collection company goes bankrupt, you still owe the bank whatever money you borrowed from them. The bank hires the collection company to get that money, so you still owe them
If you owe a company money and it is placed in collections can you pay the original company or do u have to pay the collection agencies?
You have to pay the collection agency. The original company has a signed contract with the collection agency and they pay the collection agency a % of what they collect from you. That's how they make their $$. The original company did not want to have the outstanding balance on their books.
If you are a Canadian living in Michigan and you owe the Canadian VISA and Mastercard company money can they come after you in Michigan?
The short answer is yes.
