0
If it is a joint bank account, then yes. But a savings account cannot be drawn from very many times before handling fees are applied for most banks.
Wiki User
∙ 13y ago
Add your answer:
Earn +20 pts
Is bank liable for husband withdrawing money from wife's personal savings account?
Generally speaking, if the husband is not a joint accountholder or an authorized signer, he should not be permitted to withdraw money from his wife's personal account. As long as the wife reports the unauthorized withdrawal within the time frames required by your specific state statute, the bank is liable.
How can you withdraw money out of a savings bond?
A savings bond is not a bank account, you can't just withdraw money from it. It has a maturity date. When the bond matures, you can cash it in. Until then you can't.
Does it cost money to withdraw from a savings account?
depends on your bank/credit union
Who can withdraw money out of a savings account?
The one who is elder then you if you are in underage, or if you aren't so then you can withdram
When can you add or remove money from a savings account?
You can do it anytime. There are no restrictions as to when you can deposit or withdraw funds from your savings account. It is your account and your money and so you can use it anytime you want at your will and wish. The bank cannot and will not stop you from doing so.
Can you borrow against personal savings account?
Yes. You can always "borrow" against your own funds. You can apply for a loan or just withdraw the amount you need from your personal savings account.
Is bank liable for husband withdrawing money from wife's personal savings account?
Generally speaking, if the husband is not a joint accountholder or an authorized signer, he should not be permitted to withdraw money from his wife's personal account. As long as the wife reports the unauthorized withdrawal within the time frames required by your specific state statute, the bank is liable.
Today Tanya withdrew 960 from her savings account what fraction of the balance did Tanya withdraw?
Today Tanya withdrew $960 from her savings account what fraction of the balance did Tanya withdraw?
What is the primary difference between a business and a personal savings account?
A business savings account his connected to a business. While a personal savings account is connected to an indvidual.
What is the purpose of a savings?
A Savings Account is a type of account that is designed to promote savings among the general public. You can deposit and withdraw money from this account but at the same time the bank offers you an interest on the money deposited into the account.
What is the difference between a normal savings account and nre account?
In normal savings account, you deposit Indian money (rupee) and you can withdraw it in the same indian money. In nre account you can only deposit foreign currency and you withdraw indian currency. you cant deposit indian money in this account
How can you withdraw money out of a savings bond?
A savings bond is not a bank account, you can't just withdraw money from it. It has a maturity date. When the bond matures, you can cash it in. Until then you can't.
How do you update savings account?
It will auto update when you add money or withdraw funds from it.
Does it cost money to withdraw from a savings account?
depends on your bank/credit union
Is a bank savings account interest rate better than a CD?
No, CD rates are higher, but you cannot withdraw the funds as easily as a bank savings account.
Who can withdraw money out of a savings account?
The one who is elder then you if you are in underage, or if you aren't so then you can withdram
What is a CD savings account used for?
A CD savings account is the same as a regular savings account, but for a fixed term such as 6 months or a year or five years. The interest rate on a CD savings account is typically higher than a standard savings account because you are keeping your money in the account until maturity. Once it matures, you can withdraw the amount plus interest accrued.
