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Can you stop payment on a check if its going to over draw your account?
Wiki User
∙ 12y ago
Yes, you can do a stop payment. However, the bank where you issue the stop payment will charge a fee for doing so. Plus, the person to whom you gave the check can sue you for non-payment of money and file a legal complaint against you to the police. This can cause you to be arrested.
Wiki User
∙ 12y ago
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What is the purpose of payroll?
Payroll cards are a bank debit card that allow people to draw money from their salary or wages instead of a deposit account. This has become an increasingly popular payment method in recent years.
What is the purpose of payroll cards?
Payroll cards are a bank debit card that allow people to draw money from their salary or wages instead of a deposit account. This has become an increasingly popular payment method in recent years.
What is it called to subtract money from your account?
with-draw
What is a drawing account?
A draw or drawing account is a temporary account used by proprietorships and partnerships to record withdrawals by the owners. Draw accounts are contra-equity and have a debit balance. Entries in a draw account are typically closed to the owner's capital account at the end of a period.
Is drawing account current asset?
An owner's draw account is not an asset account, but an equity account. It is grouped with other equity accounts, like the owner's investment, and retained earnings.
What is the relationship between check to a checking account?
A check is a request to draw money out of your checking account in order to pay for something.
Can you draw a check off of your grandchild?
No, you cannot draw a check off of your grandchild's account unless you have explicit permission to do so as a legal guardian or with a power of attorney. It is important to respect their financial autonomy.
Does a veteran get a retirement check?
In the US, persons that serve long enough to retire from the military draw a retirement payment. Not all veterans are retirees. If your husband has deceased, DOES HIS WIFE GET HIS RETIREMENT CHECK? Answer: There is no one answer, since there is no one retirement program. You will need to check with the retirement agency.
How can you draw an account?
Just draw a bank and an account is electronic so draw a machine of some sort that is equivalent to that of a bank
What is a blank check?
A blank check is a signed check used to draw money from a bank account containing no information as to the amount to be paid with it, or a grant of complete authority to spend an unlimited amount of money.
When the owner issues a check to pay their bill known as a draw what happens?
As a business owner, you may be paid a salary, or you might take a draw as an owner. How you receive money from the business depends on the type of business. If you are an owner of a sole proprietor business, you can take a draw from the business for personal expenses. This draw is not a deductible business expense; it's just money you take from profits (assuming there are profits!) to pay personal bills. When you take a draw, you should write a check to yourself from the business checking account and deposit it in your personal checking account.
How do you get your money when you sell your item on eBay?
Most buyers will want to pay for their items using PayPal so you need to have a PayPal account. Once the money is in your PayPal account, you can either spend it directly from there, or you can draw it down to your own bank account. (Sellers can offer other payment methods on their listings, such as checks/cheques, but if the buyer choses to use PayPal, the seller cannot refuse to accept that method of payment.)
Can you pay my speedy cash payday loan with my checking account?
Yes- in fact they expect you to! You can either give routing information to Speedy Cash so that they can arrange an ACH* payment, get the routing number for Speedy Cash in order to set it up yourself if your checking account comes with online banking, or writing a check that would draw from your account. * ACH stands for Automated Clearing House, the method used to process electronic payments.
What is an checking account?
It is an account there you deposit money into and then draw "checks" against the balance. You cannot legally write a check for any amount over what you actually have on deposit with the bank or credit union, as that is check fraud and is punishable by federal law and can include prison time.
What is the correct formation of grammar in the sentence What are you going to draw?
What are you going to draw? It is correct.
Can you withdraw money from your account from different banks?
It is possible to draw money from an account while at a different bank if the person in question has the bank accounts linked. Another option would be, if the person uses a checkbook, to write a check from the bank they want to draw money from and cash it at the bank they're at, but this may result in a service charge from the bank they're at if they do not have an account with them.
What is the purpose of payroll?
Payroll cards are a bank debit card that allow people to draw money from their salary or wages instead of a deposit account. This has become an increasingly popular payment method in recent years.
