0
The check will bounce and it is illegal=to know visit http://creditcardpay.blogspot.com=
Wiki User
∙ 15y ago
Add your answer:
Earn +20 pts
What is the penalty for writing a check on a closed account in Florida?
You may be fined by the bank for writing a check on a non-existent account. Plus, the person to whom you gave the check can sue you for the money and for which you can be arrested and jailed. Writing a check on a closed account is illegal and you can be jailed for the same.
Is inventory write off a non cash expense?
It is non cash since you credit the inventory account rather than cash.
How do I find out why you have taken money from my account?
A person can not get money out of your account without a check from you or your debit card. They cannot get money from your saving account at all if their name is not on the account, because a savings account is non-negotiable. A company on the other hand can get money from your account with a court order, your bank is suppose to give you every bit of information as to why they had to release the money, who got it, their telephone number as well as an address. Please don't ever think if you owe a state agency they will not take your money, this includes student loans and state owned medical centers, they will also take your tax refund and garnish your wages. The only money that can't be touch is your child support money, because it is not yours it belong to the children.
What does write-off mean on a credit report?
A write off means a charge off. This is one a creditor closes an account due to non payments.
What does account payee only mean on a cheque?
Words added to the crossing on a check to ensure that check is paid only into the account of the entity to whom the check is made out. This step makes a check a non-negotiable instrument, and provides protection against its fraudulent conversion. The words 'not negotiable' have the same effect.
What does nsf means on check?
It means that there was not enough money in the account to cover the check. Non Sufficient Funds.
What is the penalty for writing a check on a closed account in Florida?
You may be fined by the bank for writing a check on a non-existent account. Plus, the person to whom you gave the check can sue you for the money and for which you can be arrested and jailed. Writing a check on a closed account is illegal and you can be jailed for the same.
What happens if you make a mistake and write a check for more money than you have in your account?
Two main things can happen: 1. The bank will pay it, and charge you a fee for being overdrawn (this will depend on the type of account you have, and maybe how much it is for). 2. The check will bounce (will not be paid).
What does non-transferable check means?
The cheque is not transferable to any other account other than the payee's account.
Is inventory write off a non cash expense?
It is non cash since you credit the inventory account rather than cash.
How do I find out why you have taken money from my account?
A person can not get money out of your account without a check from you or your debit card. They cannot get money from your saving account at all if their name is not on the account, because a savings account is non-negotiable. A company on the other hand can get money from your account with a court order, your bank is suppose to give you every bit of information as to why they had to release the money, who got it, their telephone number as well as an address. Please don't ever think if you owe a state agency they will not take your money, this includes student loans and state owned medical centers, they will also take your tax refund and garnish your wages. The only money that can't be touch is your child support money, because it is not yours it belong to the children.
What is NSF charges?
non-sufficient funds ( means you do not have enough money in your account to cover your transacations)
What does write-off mean on a credit report?
A write off means a charge off. This is one a creditor closes an account due to non payments.
What is a bank check?
If you want to know how bank checks work, it's like this. You write an instruction (called a check) to your bank, telling them to pay a certain amount of money to a specific person (although you can also make out a check to "cash" meaning that anyone can cash it). You can then give this check to the person you wish to pay. This person then deposits the check in his or her account. His or her bank goes through a process of check reconciliation on a daily basis, because there are a huge number of checks being written and what matters to a bank is the total difference between how much money they are receiving from another bank, and how much money they owe to that same bank. If they are receiving $10,350,000 from a given bank, but also owe $10, 010,000 to that same bank, then the difference is $340,000 which they would then receive from that bank. Meanwhile, your personal account is debited for the check you wrote, and the person who deposited your check is credited. The money, thus, is transferred, as you specified.
Can a non resident open a bank account in Canada?
Check ot This Link: http://www.bankingsol.info/canada_non_resident_bank_account_guide.html
What is meant NSF check?
non sufficient funds not enough money to cover the posted check when presented to cashing agent
Can someone remove money from an account if they are not a signer?
It's possible. The bank can (and will) do so upon being ordered to by a court, for example. Also, anyone with the ATM card and PIN code can withdraw money from an ATM subject to withdrawal limits. Finally, banks don't REALLY check the signature on checks all that closely in most cases; a non-signer with access to the checks could write one to themselves. Without the permission of the account holder, there are risks associated with all of these (well, other than the "going to court" one).
