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Can you hold two accounts in different banks one in joint and the other a single name?
Wiki User
∙ 15y ago
Yes. In fact many joint accounts are used for household payments, including mortgages and insurance, while separate accounts are often used for individual personal savings and self- employment business cash flow. Banks actually benefit by collecting fees from multiple accounts, but it is better for the consumer not to have too many accounts with too many banks because this is false economy, and also keeping track of them is time wasting.
Wiki User
∙ 15y ago
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What are some banks in Canada that offer joint bank accounts?
Some banks in Canada that offer joint bank accounts are: TD Canada Trust, Scotiabank, BMO (Bank of Montreal), ING Direct, and President's Choice Financial.
Which banks offer joint accounts for couples moving in together?
Nearly any bank will offer a version of the joint checking account, where two people (including a couple, married or not) can share access to a single bank account. Some banks include M&T, Wells Fargo, Wackovia, and Capital One.
Can revenue Canada freeze a joint bank account?
It is possible for Revenue Canada to freeze a person's bank account. This includes both single and joint bank accounts.
How old does my son have to be before opening a checking account?
It depends on the bank. Some banks may give checking accounts to people as young as 16. However most have tighter restrictions. Generally, banks will not allow a person to open their own checking account until they are 18, but many banks allow you to open a joint account that you share with your child. You both have access to this account and checks to either of you can be deposited in it. If you do your banking online, most banks also make it easy for you to wach your child's spending on a joint account. The minimum age for joint accounts is usually 14 years.
Can saving account be for a single individual or joint or company?
Savings accounts is meant for individuals and joint . Companies uses the Fixed Account for their regular transactions and eligible for the overdraft facility from the banker.
What are single joint muscles?
a muscle which crosses a single joint refers to a single joint muscle.
Can a minor account holder open a FD?
Yes, but they would need an adult (usually a family member - father/mother) to be a joint holder of the account. Minors who are under the age of 18 cannot hold individual bank accounts or fixed deposits accounts with banks unless they have a joint holder in the form of a major.
What is the different between hook joint and universal joint?
A univasal joints are mostly used in all heavy vechiles.which is combination of two or more joints.where as as hook joint is single joint
I have a joint account with my mother and father upon their death can i withdraw the funds?
Yes, you can do that. Since you are the joint holder of the bank accounts of your mother and father, you can very well withdraw funds from the account. However it is better to provide your parents' death certificate to the bank and convert them into single holding accounts because your parents are deceased and they can no longer use the accounts.
Can a person who is not appointed executor but his attorney tells him to close out accounts?
He can if the accounts are joint accounts and he is the joint account owner. However, if he was the joint owner for convenience purposes only the other heirs should seek their share of the funds.
What is different between single family and joint family?
joint family are big family. but single family are small. I think that small famliy are good.In small family there is no problem.and all work do in our choice.
If you have about 50000 in credit card debt and have some joint accounts with your boyfriend is he liable?
Yes, but only on the ones that your boyfriend is on (joint credit accounts only).
