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The MT760 will block the funds on the client's account, and the client will not be able to use the funds on this account, at least below the blocked amount. The bank can also block an instrument (as opposed to funds), in that case, the instrument must be negotiated and in place. See Swift procedures, class 7: Bank Guarantees and Letters of Credit.
So the funds within that account cannot be withdrawn or transferred or in any manner changed.
no - only stops funds from leaving your account you can still deposit
Get the account number, call the bank and ask to certify funds available.
If you wrote a check when you had no funds in your checking account but had funds by the time the check hit the bank, you are fine. Sometimes it can take a check three days to clear, but not always.
Social Security funds are protected against a lien on your checking account. However you will have to prove that the funds in your account are from Social Security. If there are other funds "commingled" then unprotected funds may be seized
Deposits that you put in the account.
Once you deposit your funds into another individuals bank account, those funds are no longer yours. You can not get your money back unless the owner of the account withdraws the funds and decides to give them to you. I recommend getting your own bank account.
business account
DEMAT account stands for Dematerialized account. It is an online account which is used to store stocks and mutual funds in electronic format. It is mandatory for online trading (buying and selling) of shares and mutual funds.
No. It is your account and the bank cannot move funds from one account to another without your approval or rather without you asking them for it.
No the person can not transact on the account.