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Can I remove my funds from a moneymarket savings account without a penalty?
I haven't been able to find a site where it states that you would get a penalty for removing your funds from your moneymarket savings account. There might be more information though to if there really is one or not.
Where can you cash personal checks?
You can cash personal checks at your own bank branch or at the branch from where the check was issued. But, if the check was a crossed/account payee check then you can only cash it by depositing it into your bank account. It is always advisable to write crossed checks to ensure safety and avoid fraudulent activities.
Is it illegal to use your husbands bank card with your name not on the account but he has you write checks from it to pay bills?
Not if he knows about it and gave you the card.
When funds are withdrawn from a persons account by a check payable to cash is this a negotiable instrument?
At Chase, checks payable to cash are only negotiable by the account holder for the account the checks are written from.
What should you do with old checks?
Old checks should be destroyed by shredding. Shredding old checks will ensure that the account information can not be stolen.
The person authorized to write checks on an account is called?
The person authorized to write checks on an account is called the account holder or account operating customer. He/she is the only person authorized to write checks on that account. Nobody else can do so. (In case of a joint account, all holders of the account can write checks)
Which type of account allows you to deposit money and write checks?
The type of account that allows you to deposit money and write checks is a checking account.
Can I remove my funds from a moneymarket savings account without a penalty?
I haven't been able to find a site where it states that you would get a penalty for removing your funds from your moneymarket savings account. There might be more information though to if there really is one or not.
If you have a frozen bank account and continue to write checks what happens?
The checks will bounce.
What are MoneyMarket accounts used for?
MoneyMarket accounts, is like a savings account. It is most similar to a brokerage in that you deposit money in it, the high interest with high minimum requirements. To answer your question, the purpose of it is to make money.
What type of bank account that allows you to make deposits write checks and withdraw money is?
A checking account.
What happens if you write checks on someone elses account?
It is called Forgery. You are not supposed write checks on someone else's account. The affected party (The person whose account you are using for your check) can sue you legally and you can be jailed for committing this forgery. In short, you'll end up behind bars if you happen to do this.
What is a check balance?
Credit card companies send out checks that you can write to other creditors to pay off the balance. In turn, you get the balance of the other account transfered to your new account (the one who sent you the checks) and your old account is paid off.
What is a balance transfer check?
Credit card companies send out checks that you can write to other creditors to pay off the balance. In turn, you get the balance of the other account transfered to your new account (the one who sent you the checks) and your old account is paid off.
How to write a letter requesting check book?
If you have a checking account you order checks. No letter is needed. You can order them through the bank or through an independent source. I have had my photos put on checks so there are any number of designs you can have, but you do need a checking account number and a routing number from your account to order checks. A person without these just can't get checks that are illegal tender.
Can you sue a HOA for deposting your check before the date on the check?
Generally, no. The recipient has the right to deposit a check when it is handed over to pay a bill. You should not write and deliver checks if the funds are not in the account. That is an extremely risky practice.Generally, no. The recipient has the right to deposit a check when it is handed over to pay a bill. You should not write and deliver checks if the funds are not in the account. That is an extremely risky practice.Generally, no. The recipient has the right to deposit a check when it is handed over to pay a bill. You should not write and deliver checks if the funds are not in the account. That is an extremely risky practice.Generally, no. The recipient has the right to deposit a check when it is handed over to pay a bill. You should not write and deliver checks if the funds are not in the account. That is an extremely risky practice.
Can you write checks from a money market account?
Yes, but there is typically a limit to the number you can write before incurring a service fee. Check your schedule of fees or ask your bank for details specific to your account.
