Does child support have the right to withdraw money from your checking account even though they are taking it weekly from your wages?
You should know how much you are paying in Child Support and it sounds rather odd they would take it off your pay check and your checking account unless you aren't making enough money at work to cover Child Support. If this is the case, then yes, they can take that money from you. You should know exactly what you have to pay re Child Support and keep tabs on what is being taken off of your pay check, plus your checking account. You have the right to demand receipts to be sure the Child Support is going directly to your child or children.
Is it legal for a bank to debit my account each time I receive a child support payment because I owe the bank for a prior loan-- The bank is taking money I'm supposed to have for my child?
If the mortgage lender and the checking account bank are the same does it help to open an account elsewhere to avoid them taking money from the account for delinquent payments?
it is my understanding that the only people who can take money from your account without your permission are the IRS to pay back taxes. unless you sign somthing giving the bank permission to take money out of your checking account I don't think they can do it. make sure you read the fine print of any loan document so you know that you are not giving them the right to take money out of…
No. Unless the employer is a signer on the account s/he can not withdraw funds from the account. There are very serious penalties for anyone either taking money or giving money from someone else's bank account. An employer can, however, reverse a direct deposit made into an employee's bank account, so it can seem like a withdrawal, but it really isn't. (For example, if a direct deposit were made in an incorrect amount, it could…
NBFC stands for Non-Banking Financial Company. It is a company that provides financial services to customers but does not accept customer deposits and provide deposit accounts (like savings account, checking account etc.) A Bank is a deposit taking institution that provides banking and financial services to customers.
Can you sign and make deposits for your mother if you are an authorized signer on her bank checking account?
If it is a governmental check, she needs to sign, or endorse, the check. As long as you are not taking money from the deposit of the check, you should be able to deposit it at the bank. You can deposit money into anyones account with the account number and branch (the info can be provided on a blank cheque).
Debt is when you owe money. When you withdraw money, you are taking from money you already have. The reason for this question is that some confuse the word "debt" (money owed) with "debit" (withdrawing money). You use a debit card because there is money to withdraw, but if you are in debt on that account, the card would not work. One single letter makes a lot of difference.
How is it possible for a collection agency to freeze your checking account with out giving proper notice and how do you go about taking care of this matter?
Almost all of us are working for a company and we contribute a small percentage of our monthly salary into our EPF accounts. We all know that PF is a great saving instrument and it will help us generate a corpus for our retirement. All that being said, many of us do not know the fact that we can withdraw money from our PF account for emergency cash requirements. Yes, you read me right. WE…