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I don't think so. Banks will not accept any credit or debit transactions on a frozen or blocked account. However they can track the source of the funds that are being sent into a frozen account and inform the law enforcement authorities so that they can take appropriate action
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Can a frozen bank account be used for funeral expenses?
A court will need to lift the "freeze" order before funds can be removed from the attached account. If the account belonged to the deceased the probate court has jurisdiction, in which case funeral expenses will be paid from the estate of the deceased. If the account does not belong to the deceased it is unlikely that a request for release will be granted unless the requester can provide documentation that there is no other means to obtain burial funds.
Where does the funds that are left over in a 529 account after all college expenses have been paid go to?
account holder
Whom does the funds left over from coverdell education savings account after all education expenses are paid?
The beneficiary receives the funds left over from the Coverdell Savings Account.
Can an individuals savings account be frozen by a creditor?
Yes, if the customer is found to be fraudulent or the origin of funds in his accounts are not properly documented. If the bank suspects money laundering or terrorist activity in a customer's account, it can be frozen
Can a joint bank account in Indiana be garnished or frozen from a judgment on a party who does not deposit funds?
Yes, if the debtor is a named party on the account the funds held in the account can be attached. The only way to avoid this is to close the account completely and reopen an account without the debtor on it. I have heard that it is even best to seek a completely different bank, to avoid errors from occurring.
Your sister is holding your money in a savings account can you have the account frozen until you go to court?
Yes, if you can show the court "just cause" for the funds in the account to be frozen.
If you sell something on Amazon how do you get paid?
Amazon will send the funds to your bank account.
Can a frozen bank account be used for funeral expenses?
A court will need to lift the "freeze" order before funds can be removed from the attached account. If the account belonged to the deceased the probate court has jurisdiction, in which case funeral expenses will be paid from the estate of the deceased. If the account does not belong to the deceased it is unlikely that a request for release will be granted unless the requester can provide documentation that there is no other means to obtain burial funds.
Where does the funds that are left over in a 529 account after all college expenses have been paid go to?
account holder
Whom does the funds left over from coverdell education savings account after all education expenses are paid?
The beneficiary receives the funds left over from the Coverdell Savings Account.
Can an individuals savings account be frozen by a creditor?
Yes, if the customer is found to be fraudulent or the origin of funds in his accounts are not properly documented. If the bank suspects money laundering or terrorist activity in a customer's account, it can be frozen
Can funds be transfered from one Copart account to another Copart account?
if the account is not pass due (yes) money oweing to copart must be paid frist
If your bank account has been frozen because your ex-husband filed for bankruptcy how can you get your funds out?
A bank account can usually only be held for thirty days from the time it is secured. The joint account holder should contact the bankruptcy trustee to learn what is necessary to have their percentage of the funds returned.
Why do funds paid into your bank account appear as credit entries on your bank statement?
The funds are a credit to the bank that is issuing the statement. They "owe" you the money, therefore the credit.
Can the lender freeze a bank account?
Bank accounts can only be "frozen" by a court order. A lender can request a court to take such action if it can be proven that the debt has plans to remove the funds from such accounts. Bank accounts can also be 'frozen' when they are jointly held so the non debtor account holder can provide documents to the court showing the portion of the funds in the account that belong to them and are exempt from a judgment creditor.
Funds left over from a coverdell education savings account after all education expenses are paid go back to whom?
the beneficiary.
Can a debt collector take funds from a bank savings account without a court order in Wisconsin?
No, a debt collector cannot take funds without a garnishment order or court order. No one has access to your bank account but you. Sometimes, the bank account will be frozen before decision is made by the court.
