Can a bank overdraw your account to pay their own charges?
Yes - If you have a valid overdraft account with the bank and you currently do not have enough balance in your account to pay for bank charges
No - If you do not have a valid overdraft account with the bank.
Your bank can deduct amounts from your own accounts for several reasons. If you cash a check that cannot be collected by the bank the bank will deduct the amount of the check from any of your accounts that has a balance. It can do the same if you overdraw one of your accounts. You gave the bank permission to do so when you opened your accounts. The bank can take bank fees from your… Read More
It means you have spent more money than you have in your bank account and that you therefore own the bank money - if you have not arranged for this by obtaining an overdraft, the bank is going to get very upset by this and they will place charges and a heavy interest on your account. You need to pay the bank back very quickly !.
It depends on your point of view. If you are a customer of the bank and are looking at a bank balance as a representation of your assets (i.e. what you own) then having money in the bank will be a positive value. If you overdraw your account, you will owe money to the bank and therefore the value of the account is now negative, so a fifty dollar overdraft will look like -$50. However… Read More
Typically, you can not provide your employer with your dad's bank details while you are waiting for your own bank account to be set up. Most employers require your name to be on the account before they can deposit money to an account.
you can have a debit card but the account must be in your parents account .. and it can be with your name on it .. the legel age of having your own bank account is 18
Every bank gets to make their own rules about such things, however, I have done that successfully with my own bank account.
You don't. You may be able to send your cash using a service such as Western Union, which does not require a bank account. Wire services require a bank account.
You may solely own a bank account whenever you turn 18 or are legally able to contract with the bank. Otherwise, your parent or guardian will have to be on the account with you and accept responsibility for the account.
In India owning a savings account is free. There are no charges to open or maintain an account but you need to maintain a minimum balance as per the banks regulations & features offered. For a basic savings account Rs. 500 would be a minimum balance. For accounts with ATM cards and cheque books it would be Rs. 1000 or even more based on the bank. If you fail to maintain the minimum balance, the… Read More
Own Bank ATM means that the Bank owns the ATM. If you are a customer of this bank then there is (usually) no charge from withdrawing your own money from your account using this ATM. If the ATM were owned by another bank, you would most likely have to pay a charge to withdraw money from your bank's account.
A savings account with a parent as custodian. You have to be 18 to have your own account.
If it's his account you have access to and if its a joint account yes. If it's your own account no.
Bank of America uses a nine digit number for their bank accounts. Each person has their own account and has different numbers.
No - every bank account MUST have it's own unique account number.
There are 8 digits in a City Union Bank checking account number. Every account will have its own unique number.
There are many benefits one can receive on bank accounts which pay interest. Some of these include earning money while saving ones own. Some banks will waive service charges if ones account remains above a set dollar amount.
Yes, the Muslim wife could have her own personal bank account that is completely independent of the husband's account. Apart from any country specific traditions and practices, Islam religion allows the wife to have her own business, properties, and bank accounts.
If you apply for a personal account, yes. There are many account types available each with their own perks.
If two people own a joint bank account and one withdraws the funds there has been no crime committed. Each has the right to the funds in the account.
Once you deposit your funds into another individuals bank account, those funds are no longer yours. You can not get your money back unless the owner of the account withdraws the funds and decides to give them to you. I recommend getting your own bank account.
In certain countries, if you have not used a bank account for some time and the bank has not been able to contact you, the accounts are closed/frozen and the funds are transferred to the government. If this has happened to an account that you own or may have inherited, then the bank (any bank actually) will be able to tell you how to go about getting the money back. There will be a procedure… Read More
You can open a bank account but whether you could have an overseas pension paid into it will depend on the regulations in your own country.
No. A Savings account can only be opened by the individual who is going to own and operate the account. Proxy account openings are not allowed in the banking industry. Unless the customer makes a trip to the bank, he/she cannot get a bank account opened.
Yes. Think of a properly formed joint bank account as an account that each person owns in its entirety. If one dies their interest in the account disappears and the survivor is the sole owner.
Just ask the bank to do an electronic transfer. You'll need the senders bank account information and your own - the bank will do the rest.
Yes. You need to discuss it with your bank for their own particular policy for titling the account.
Yes but you can not do it on your own, you need a parent or guardian to go with you and sign for your account.
No. You need to have a classic house first, then you would have a random address picked out for you . THEN you can make a neopets bank account with the fake address. :)
It doesnt matter. I had one before I was born.
"In order to open a business checking account you must first you a bank you want to open with. Then, choose the type of business checking account that best meets your own personal needs and contact your bank to get started."
Yes, as both account holders both own all of the assets deposited within the account, and regardless of who deposited what.
Most banks offer customers the ability to open a checking account online. Each bank has their own verification and requirements. Check the bank website for the steps required to open a checking account online.
You can buy him a piggy bank, or a wallet, or (If possible) help him create his own bank account.
Open a share trading account Link the trading account with your bank account Select the stock you wish to buy Place an order through your trading account to buy the stocks Here you go, now you own the stocks that you intended to buy
The bank can freeze any account that is held by a customer with the bank. But, this does not happen at the banks wish. Usually a legal order by law enforcement agencies (police or cops) is required to do so. Usually cops and federal authorities freeze bank accounts of terrorists and known malicious elements of the society. You cannot ask the bank to freeze your account. But, you can ask them to close it if… Read More
IBAN numbers are unique numbers assigned to each bank account. This means every bank account has its own IBAN Number. Please call your branch manager or 111-000-622 MCB Call Center to obtain your IBAN account number.
I transferred all of my money from my wife's bank account to my own.
"Bofa" stands for Bank of America. You can do online banking through Bank of America just like a paypal account. Doing online banking always comes with its own risks, no matter the account you choose.
If they are signers on the account, yes. It is not a good idea to have an account with them once you are 18. Get your own and have them remove you from the old one.
If it is joint tenancy with right of survivorship, then the two surviving tenants own the assets in the account. If it is tenants in common, then the account holders own the assets in proportion to their contributions to it. Check with the bank signature card to determine which it is.
Netspend does payday loans but they won't even accept their own bank as an account. Makes you wonder huh.
Places money and is allowed to write a check for payment to another who can deposit it in his own bank. The check needs to be written for a specific amount of money and for use only by a designated person.
There is no way to create a guild bank. The best you can do is deposit the Neopoints into your own personal bank account while keeping track of how much belongs to the guild.
"Bank of America charges non-members an ATM withdrawal fee of two dollars. If one of their members uses a non Bank of America ATM, then that bank usually has their own amount regulated (as a transaction fee, or penalty)."
You can own it, but that does not necessarily give you power over it. It may be in trust until you reach a certain age (for instance in a bank trust account or in an inheritance).
In INDIA, bank service and other charges are determined by individual banks conisdering its deposit position, loan products, the demand and supply position, etc. Bank Officers are prohibited from personally charging for the services they offer to the customers. Each bank has its own service charge strucutre and charges will be levied according to this list. M.J. SUBRAMANYAM, BANGALORE, INDIA
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What are The best way to know whether the balance in the bank account as per the cash book is correct would be to check with an external document which is the bank statement?
You answered your own question, but if you want a completely accurate statement, see if your bank has a website so that you can check your account everyday.
You didn't say which meaning of the word you want to use. Here are some sentences with various meanings. His bank account is overdrawn. How do you account for the missing money? I want an account of your actions. Yes, here is an example: I'm going to the bank to access my savings ACCOUNT. Well, the fact that he has ADHD accounts for all of his misbehavior in class. I can not account for the… Read More
The CORPORATION whcih owns the business account can bring suit against the wife, but the husband, in his own name, may not.