Not without a judge or magistrate ruling in their favour.
If you allow a creditor to deduct a payment of X amount of dollars, the creditor will most likely deduct that amount. If an account is 'past due' and a debtor gives a creditor a number to do a check by phone, the creditor can withdraw the amount of money owed which can cause the debtor to become overdrawn. You may be able to make a case, stating that you did not authorize that amount but while fighting this your account can still remain overdrawn. So if you have a past due account, make the payment by money order or cashiers check just to avoid this occurence from taking place.
From Wells Fargo site: If your employer sends you a check, make sure it is made payable to Wells Fargo Advantage Funds FBO John Smith. Forward the check to us and reference your account number or Social Security number. You should not endorse this check.
Yes, you still owe the money if for some reason the creditor does not cash your check or has lost it. The creditor can request a new check.
You will receive a court summons. If you have moved and the creditor cannot find you, they may file anyway so you may not know until you check your credit report and see a judgement or suddenly, your bank account is levied or your pay is being garnished.
A letter security cheque does not seem to exist. One can write a simple letter to a bank to stop payment of a check simply by giving the check number and amount, the account number, a signature, and a date.
No but you must prove that money in the account came from those sources and not from gainful employment...
The judgment creditor can execute the judgment as a bank levy in which case, the bank must release the amount of funds stated in the court order regardless of how the funds are deposited in the account. The entire balance of an account can be seized if it is needed to pay the judgment order. The judgment debtor should take steps to protect funds within the account that might be considered exempt (Social Security benefits, disability benefits, monies that belong to an account holder who is not the judgment debtor, etc.)
yes
does unemployment check pay into social security
no
is the social security check you get in September for the month of August
Check the Social Security site to look up your account to see the number of quarters you have accumulated and your estimated pension. They no longer send out the annual letters.
If the money is deposited into the account that has the overdraft, yes they can recover their monies.
Absolutely. The only exception is a Social Security or disability check. However, if you keep them in an account with ANY other type of funds then they have been "co-mingled" and are not an exception to a lien. Keep your Social Security checks in a separate account or they can take pretty much whatever they want.
Social security payments have been late the last several months because the federal government is inefficient and punitive. Obama is upset that so many people oppose the HUGE deficits his administration has caused, so he has ordered the withholding or delay of vital services, while continuing to spend billions on non-essentials.
Probably. It depends on the bank, but any bank worth having an account at will cash government or payroll checks as a courtesy for account holders regardless of the account balance.
If you are a corporation, you can apply for a merchant account without a social. The problem with doing this is that there is no guarantee that you will be accepted. Your merchant account provider will need copies of your financial statements dating back 2 years and other information. Seems like a lot of work for 9 digits. The reason a social is the standard when opening a merchant account is because your merchant account is essentially a bank account. You need your social when you open a business bank account to protect the bank against fraud. It works the same with merchant accounts.