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Can bank refuse to close fixed deposit if any issue with second holder?
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How can you close a fixed deposit account?
In order to close a fixed deposit account, one must contact their financial advisor and request the required form to close an account, and upon filling it out, it must be turned into the local teller.
Can a bank choose to close a CD prior to maturity due to risk associated with the deposit?
No. Actually speaking, there are no risks associated with a deposit from the bank side. They already have the money. The only person who should worry about the risk associated with the deposit is the customer who has placed the deposit and he/she can choose to close a CD anytime they want even before the maturity date. Only the customer who opened the CD (not even the bank) can close a CD prior to the maturity date.
Can bank close your deposit account?
Sure you can. It's your money and your account and you can close it anytime you wish. However, if you are closing your deposit account before its intended maturity date the bank can charge you a small penalty on the interest component for doing so. But the original money you deposited will not be touched and will be refunded in full when you close the account.
Can you be removed as a joint account holder when you have not placed any debt on credit card?
No you must close the account.
Are annuities a better investment than Certificates of Deposit?
Annuities may be a better investment than a Certificate of Deposit. The interest rate paid on an annuity is typcially higher than that paid on a Certificate of Deposit (CD). However a Certificate of Deposit is easier to set up - just visit your local bank. When the time comes to cash out a CD is also easier to close.
What is the Accounting entry of deposit in a close bank?
check
How do you close account if account holder is not present?
If the account holder is incapacitated, then someone should obtain the power for attorney for that person. If the account holder is deceased, then you need a death certificate to prove that. And those are the only two circumstances in which it is necessary to close an account when the account holder is not present.
Can the primary account holder remove the name of the secondary holder?
Pay off the balance and close the account. Then reopen a new account with only the primary holder.
How can you close a fixed deposit account?
In order to close a fixed deposit account, one must contact their financial advisor and request the required form to close an account, and upon filling it out, it must be turned into the local teller.
Sheep refuse to graze close to what mushroom and Why?
like omg
Can a bank choose to close a CD prior to maturity due to risk associated with the deposit?
No. Actually speaking, there are no risks associated with a deposit from the bank side. They already have the money. The only person who should worry about the risk associated with the deposit is the customer who has placed the deposit and he/she can choose to close a CD anytime they want even before the maturity date. Only the customer who opened the CD (not even the bank) can close a CD prior to the maturity date.
Can bank close your deposit account?
Sure you can. It's your money and your account and you can close it anytime you wish. However, if you are closing your deposit account before its intended maturity date the bank can charge you a small penalty on the interest component for doing so. But the original money you deposited will not be touched and will be refunded in full when you close the account.
Can you be removed as a joint account holder when you have not placed any debt on credit card?
No you must close the account.
If a buyer puts a deposit toward a purchase of a house how long does he have to get the mortgage before he loses the deposit?
It all goes by the contract. How long does it state the buyer has to close on the property or secure a new loan.
How do you close recuring deposit account?
visit the bank branch where you have the recurring deposit accountsubmit a request in writing to close your accountthe bank will process the request and pay you the money held in that account.A point to note is that, if you are closing your RD before maturity, the bank can charge you a penalty for doing so.
Are annuities a better investment than Certificates of Deposit?
Annuities may be a better investment than a Certificate of Deposit. The interest rate paid on an annuity is typcially higher than that paid on a Certificate of Deposit (CD). However a Certificate of Deposit is easier to set up - just visit your local bank. When the time comes to cash out a CD is also easier to close.
What is the second planet close to the earth?
Venus
