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If your name is on a checking account with someone else and she passes what happens to the balance on the checking account?
It depends on your relationship to the deceased and if there was a will.
Can you open a checking account under your name and let someone else use it?
yes
Can you open a checking account and have someone else's name on the checks?
You can but you both will be on the checks aswell as the both of you need to be on the account too.
Can someone else withdraw money on my behalf?
Yes, someone else can withdraw money on your behalf if you give them permission or if they are authorized to do so, such as through a power of attorney or joint account ownership.
Can you be liable for debt if someone adds you to their checking account?
If you are added as a joint owner on someone's checking account, you may have some responsibility for any debts or liabilities associated with that account. It depends on the terms and conditions of the account and the agreement you have with the other account owner. It's important to carefully consider the implications and potential risks before agreeing to be added to someone else's checking account.
Can someone else close a checking account without premission?
No. A checking account can be closed only by the individual who holds the account. He/she needs to visit the bank and sign the account closure form in order to close their bank account. No one else can do that. But, if the account holder has given the legal power of attorney to another individual, he can act as a proxy for the customer and close their bank account.
Can I deposit cash in someone esle's checking account?
Yes. There are no restrictions as to who can deposit cash into a checking account. Anyone can deposit cash into anyone else's account as long as they know the account number of the account into which they want to deposit cash. For ex: I can walk into the bank branch where you hold a checking account and deposit $500 into it if I know the account number. Nobody will ask or question me as to why I am doing so…
Will you have to pay tax on money placed in your checking account belonging to someone else?
You will if you get whats called a deposit audit from the IRS. I have had this problem in my past. Document where from and who to.
Do you currently co-own a house with someone else?
Do you share ownership of a house with someone else right now?
If I am a signer on a checking account can they garnish the checking account?
Yes, if you are a signer on a checking account, creditors may be able to garnish funds in that account to satisfy a debt, depending on state laws and the nature of the debt. However, if you are not the primary account holder and the account belongs to someone else, garnishment would typically target the primary account holder's funds. It's essential to consult with a legal professional to understand your specific situation and rights.
Can a person transfer ownership of a car to someone else when the car has not been paid in full?
If the car has not been paid for then you can not transfer the ownership to someone else without paying the vehicle off.
Can someone else direct deposit their paycheck into my account?
Yes, with your permission, someone else can direct deposit their paycheck into your account.
