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Can a person open a checking account if their account was closed at a different bank?
Wiki User
∙ 12y ago
Yes. However, if your account was closed due to a negative balance that you failed to repay, you might have some difficulty. Banks report these "charge-offs" to credit reporting agencies other than those used to verify credit for a loan. If a bank, during their account opening process, sees that you have caused another bank a loss on a checking account, they most likely will not open a new checking account for you. The best remedy is to pay the bank that is reporting the loss and start the process over. Good luck!
Wiki User
∙ 12y ago
Yes, a person can open a checking account at a different bank even if their previous account was closed at another bank. However, the new bank may consider the individual's previous banking history and could potentially take that into account when deciding whether to approve the account opening request.
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Does the bank report it when a person writes a check on a closed checking account?
Yes. Writing a check on a checking account that is closed/inactive is a crime. Customers are not supposed to do that and if they do, the bank can report it and take legal action against the offending customer. The customer can be fined or jailed for doing so.
You and a friend share a checking account. You wrote a check but the account was closed. Can the other person press charges?
As long as you were authorized to write checks, no, the other person has no case to press charges against you.
What is the difference between a trust and a 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.
What does signatory mean on a checking account?
Signatory means that the person who owns the checking account has signed something linked to the checking account. This could be a document or a check.
Can only 1 person close a joint checking account?
It turns out that the answer is yes, which was rather a surprise to me. A person I know closed her joint checking account (with her husband) after her divorce, because he kept overdrawing on the account. She tried to have her name removed from the account, but they wouldn't do that without him; however, bizarrely, they were perfectly happy to simply close the account on her say-so. (This may have been practical: they may have just decided "it's better for us to close the account than to take the one person who actually puts money IN off the account.")
Where can one open a checking account at a bank?
One can open a checking account at a bank quite easily. There are many different banks, such as Bank of America, TD Bank, or Citibank. One could go to the website of these banks and find out more information on the website about opening a checking account. However one may go to one's local bank and open a checking account in person.
Opening an Online Checking Account?
The process of opening an online checking account is actually very easy. The best thing a consumer can do to be involved in the process is gather the necessary information he or she will need, as well as become informed about different online checking accounts available on the internet. Once a consumer has done the necessary research and gathered the necessary information for opening an online checking account, then he or she is fully ready to actually go ahead and open the online checking account. This article will act as an instruction guide for those choosing to open an online checking account. This article will also briefly discuss the benefits in opening an online checking account and how consumers can get the most out of such an account. First, a person will have to look at what a certain bank requires for opening an online checking account. A bank may have different levels of checking accounts, depending on a person's income and age. It is important to choose a checking account that works perfectly for one's financial needs, goals, and purposes. Another thing a person will have to do is gather the necessary documentation required for opening an online checking account. Typically, the information needed is not very extensive. Rather, a person will simply need things like identification in the form of a passport or driver's license. Sometimes, a state identification card will work fine as a form of identification. A person will also need his or her social security number ready to plug into an application for an online checking account. In addition, a person will need to list his or her career and income, as well as an address and telephone number. After gathering the necessary information, a bank will see whether or not a person is eligible to open an online checking account. Almost always, a majority of consumers are approved for opening an online checking account. It is to a bank's benefit to approve consumers for online checking accounts. After a person finds out if he or she has been approved, it is important to see what the rules governing the account are. For example, does a person need to keep a certain amount of money in the account at all times? Does a person need to pay a certain fee to keep the account open? These are all very important considerations a person must keep in mind.
How can one apply for Capital One checking account?
Capital One has different checking account services, including one that you and your child can manage together. They also have a fee free account, Capital One 360• Checking. You can sign up for an account on their website as well as locate a local branch in your are where you can sign up for an account.
What is Standard Checking Account?
A standard checking account at most banks is an account where a person puts money in, and then they can write checks to pay their bills or get cash. A standard checking account might have a minimum balance the account holder has to maintain, without being charged a service fee.
Can you be on a joint checking account with bad credit?
You can be, although it will be undesirable to the person you're sharing the account with.
What is a signature card?
card that has the informaton the bank need to make an account for the person making a checking account
What is the best kind of checking account to have?
The benefits of a bearing checking account is that if there are errors of overdraft you can dispute them better but overdraft protects the person from paying more in the long run.
