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yes, but they can also wipe you out by writing a check on your account or going to the bank and withdrawing your money, so be sure you absolutely trust the person. you can have it set up where you both have to sign the checks, but that kinda defeats the purpose.
Wiki User
∙ 16y ago
Wiki User
∙ 13y agoYou and the person go to your bank and request that they be added to your account. Then you fill out the paperwork and get new checks with both your names on them.
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Can I add another person to my checking account?
Yes, a member can add anyone, age 18 or older, as a joint owner to his/her account. As long as the joint individual is eligible for a checking account through the credit union or bank. This person has total access to do transactions on only the specific account they are joint on.
How do you add a signature to a checking account?
Visit a branch of your bank with the person you wish to add as a signer. The bank will walk you through the process.
What is the difference between a trust and a checking account?
a trust account means you trust the person that is opening the account, and a checking account means you will keep checking it to make everything is okay.
What does signatory mean on a checking account?
Signatory means that the person who owns the checking account has signed something linked to the checking account. This could be a document or a check.
Can you have a checking account in your name and require 2 signatures to with draw money with out putting that person joint on your account?
No, typically in order to require two signatures for withdrawing money from a checking account, you would need to add that person as a joint account holder. This means they would have equal access to the account and be able to make transactions independently as well.
What are the principles of checking account deals?
Banks will offer checking account deals to lure in new customers. The deals can be anything from better than normal interest rates, bonus amounts in your account or bonus add-ons to your account.
Is it a US checking account or an US checking account?
A US checking Account
Can you be on a joint checking account with bad credit?
You can be, although it will be undesirable to the person you're sharing the account with.
What is Standard Checking Account?
A standard checking account at most banks is an account where a person puts money in, and then they can write checks to pay their bills or get cash. A standard checking account might have a minimum balance the account holder has to maintain, without being charged a service fee.
What is a signature card?
card that has the informaton the bank need to make an account for the person making a checking account
What is the best kind of checking account to have?
The benefits of a bearing checking account is that if there are errors of overdraft you can dispute them better but overdraft protects the person from paying more in the long run.
Opening an Online Checking Account?
The process of opening an online checking account is actually very easy. The best thing a consumer can do to be involved in the process is gather the necessary information he or she will need, as well as become informed about different online checking accounts available on the internet. Once a consumer has done the necessary research and gathered the necessary information for opening an online checking account, then he or she is fully ready to actually go ahead and open the online checking account. This article will act as an instruction guide for those choosing to open an online checking account. This article will also briefly discuss the benefits in opening an online checking account and how consumers can get the most out of such an account. First, a person will have to look at what a certain bank requires for opening an online checking account. A bank may have different levels of checking accounts, depending on a person's income and age. It is important to choose a checking account that works perfectly for one's financial needs, goals, and purposes. Another thing a person will have to do is gather the necessary documentation required for opening an online checking account. Typically, the information needed is not very extensive. Rather, a person will simply need things like identification in the form of a passport or driver's license. Sometimes, a state identification card will work fine as a form of identification. A person will also need his or her social security number ready to plug into an application for an online checking account. In addition, a person will need to list his or her career and income, as well as an address and telephone number. After gathering the necessary information, a bank will see whether or not a person is eligible to open an online checking account. Almost always, a majority of consumers are approved for opening an online checking account. It is to a bank's benefit to approve consumers for online checking accounts. After a person finds out if he or she has been approved, it is important to see what the rules governing the account are. For example, does a person need to keep a certain amount of money in the account at all times? Does a person need to pay a certain fee to keep the account open? These are all very important considerations a person must keep in mind.
