0
Want this question answered?
Be notified when an answer is posted
Add your answer:
Earn +20 pts
Can a minor's bank acct be garnished?
No, a minors bank account can not be garnished, if they are the only person on the account. If this is a joint account and the non-minor is subject to a judgment then it can be levied or garnished.
How can I open a Demat Account?
It is very easy to open a demat account. All you need to do is fill out an application form and provide all the identification documents. After verification, your account is ready to operate.
What is the function of ATM?
The ATM allows an operate to withdraw money from their account without actually going to their bank.
What happens if you put someone else's name on a banking account?
They also become a joint holder or owner of the bank account and the account becomes a joint account. You and the other person you put into the account can operate the account independently and can carry out transactions like deposit, withdrawal, balance inquiry etc.
What is a disadvantage of a joint account?
The disadvantages of having a joint account areEither party can operate the account without the knowledge of the other partyThe bank cannot be liable to entertain claims when one party withdraws money without the knowledge of the other
Can two minors can open a joint account?
No. Two minors can not open a joint account
Are parents allowed to access their minors facebook account?
Passward
What are state law's on minors?
opening a checking account in nj
Who is not permitted to open the current account in bank?
It depends on local legislation, but generally minors are not allowed to open a bank account.
Can a minor's bank acct be garnished?
No, a minors bank account can not be garnished, if they are the only person on the account. If this is a joint account and the non-minor is subject to a judgment then it can be levied or garnished.
Can minors operate deep fat fryers in restaurants?
Many minors like to work in restaurants as one of their first jobs. As with all jobs though, there are certain guidelines young workers and those who hire them must abide by. A minor under the age of 16 cannot operate a deep fat fryer in a restaurant.
Can a corporation operate without a bank account?
No definitely not.
Can minors order on amazon?
Minors can create an Amazon account with parental consent, but orders need to be placed by someone 18 years or older. Minors can use gift cards or allowances to make purchases on Amazon under the supervision of an adult.
Can a power of attorney and proprietor both operate an current account?
Yes. Both the owner/proprietor of a bank account and the person to whom they have given power of attorney can operate a bank account. Actually a person with power of attorney is as good as the person (in legal terms) itself and so they both can operate the bank account without any issue.
Who can operate subsidiary general ledger account?
why is the tertiary sector in decline
Can kids own debit cards?
By 'kids' I assume we are referring to minors, i.e., not legal adults. If so, Yes, it is possible for minors to have debit cards, either pre-paid or linked to a cash account, such as a checking account at a bank or credit union; however, as a minor, they will usually be required to have a legal adult as a co-signer on the account, as any legal agreement as to the terms of use generally require an adult signature (minors are, in general, not able to enter into legally binding contracts on their own, though there are exceptions - legally emancipated minors, for example). The exact requirements differ from state to state.
What do you need to open a joint account?
You need atleast 2 individuals who can operate a joint bank account. And, all the individuals who wish to operate the account would need two kinds of Id's:Photo Identity Proof - Passport or Driver's License or Voters ID CardAddress Proof - Electricity Bill, Telephone Bill etc.The bank will issue ATM/Debit cards in the names of all parties who jointly operate the account.
