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Can a bank hold check if it was deposited after the lien was put on the account?
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Can a hold be put on a check after it is deposited in another account?
Yes - If your bank has not yet paid the cash No - If your bank has already paid the cash
I deposited a check Friday in my bank account but I only have 100.00 of the check I deposited. When will the full amount be available to me?
It depends on the size of the check. It sounds like a hold was placed on the check which could mean anywhere from 2-10 business days.
If a check I deposited clears does the bank have to release the hold immediately or can they keep the hold on availability for the full hold period?
if there is eg: a 5 day hold then the bank will hold it for the full 5 days, some banks will hold for anywhere from 3 to 5 business days no matter how much money is in the account already, especially if the cheque has been deposited by machine.
Will bank hold the wire transfer fund if account number is mistaken added by extra digits?
It Depends. If there is a valid bank account including the extra digits you put in by mistake, funds will be transferred to that account. The bank will not take any liability out of this wrong transaction that arose out of your mistake in entering the account number incorrectly. But, if there is no valid account with those numbers then the transaction will be cancelled and the money will be deposited back into your account. If by chance, money got deposited into the wrong account, you have to file a legal complaint to get your money bank. The bank can only provide details of to whose account the money was deposited and will not help you out to get the money back.
How does one hold a bank account?
To "Hold" a bank account is the same as having or owning a bank account. If one has a savings account, they hold that account.
What is an example of interest-bearing account?
An Interest bearing account is a bank account in which, the banks pays you an interest for keeping your money deposited in that account. Ex: Savings Bank Account - You usually get around 3.5% rate of interest on the money you hold in your savings account in India.
Can a bank hold a 401k check?
The fact that it is a 401k check is irrelevant in determining a hold. It depends on your account history, the bank the check is drawn upon (same bank as yours or another bank; local bank or non-local bank), and whether the bank feels it would have other reasons to hold the check as permitted by government regulations.
Is it the responsibility of the bank teller to inform the customer if a check will be put on hold?
Is it up to the teller to tell account holder they are placing a hold on there check
How do you write a check for deposit into another one of your other accounts?
If you have more than one account with the same bank you can simply transfer money from one account to the other (i.e. savings to chequing or vice versa). This can be done online if you have online banking or at the till. You could even withdraw money from an ATM out of one of your accounts and then deposit it into another.Assuming that the accounts are not with the same bank and you want to write a check to "transfer" from one account "source" to deposit into the other bank account "target".You can make the check out to "Cash" and endorse it (sign the back).It would be wise to write your "target" bank account number in the memo portion of the check preceeded by the word "deposit". Just be sure to get a deposit receipt and ensure that it was deposited into your account. Be aware that the bank may place a hold on the deposit amount until it receives the funds from the other bank (your check does not bounce).
Can a bank close your account and hold your money?
It Depends: Yes - If you have defaulted on your loan repayments to the bank and there were some fresh funds deposited into your account after a long time Yes - If you were involved in illegal activities like money laundering, drugs, etc. Yes - If there is a court order to block your account If you don't come under any of the 3 above mentioned categories, then the bank cannot close your account and hold your money.
Can a bank put a hold on a certified check?
Yes, if it is extremely large, if the bank believes it won't be honored, or if the depositor's account history is unacceptable.
Why does a bank hold a out of state check for 2 days then release it.?
To make sure the check will clear (that the account has enough funds) the out of state bank before they release the funds for you to use.
