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It can stay open if it is a joint account. Usually it stays open for months until all bills are paid by the joint owner.
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∙ 11y ago
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How long do you need to keep your bank accounts?
1+2
How long to keep deceased medical records in Georgia?
Many people would keep a deceased person's records for at least 10 years. Many people keep these records for longer than that.
Where do rich keep their money?
In Swiss bank accounts. No tax and total secrecy.
How long do need to keep your deceased self employed husbands accounts?
At least 7 years for Income Tax purposes.
How long does a bank keep checking savings records?
A bank is required to keep checking and savings records at least 5 years. This applies to personal and business accounts.
How long do you keep tax records for a deceased person?
How long a person keeps tax records for a deceased person will vary depending on the circumstances. Use your best judgment. It is recommended that a live person keeps their records for 5 to 7 years.
What are some bank accounts that may appeal to small businesses?
There are many types of bank accounts for both personal and business interests. Whether one is looking for checking or savings, the fact remains that it is best to keep personal accounts separate from business accounts to avoid fraud issues. Two types of business bank accounts are business economy checking and full analysis business checking.
Can the bank seize assets in the bank during a bankruptcy?
If creditors believe the person is trying to remove funds from accounts to keep them from bankruptcy proceedings; creditors can petition the court to freeze all accounts/assets. A bank cannot arbitraily seize account funds unless the depositer has a loan with the bank which includes a set off provision. Even then the bankruptcy trustee can request the funds be returned and included as assets in the bankruptcy.
Do you keep the bank accounts separate or joint after getting married?
Your option...nothing requires one or the other.
Does interest apply to dormant savings accts?
No. Banks will offer interest only on active bank accounts. Dormant accounts are inactive and do not earn any interest. Customers need to keep their accounts active if they wish to earn an interest through their accounts
What are the benefits of a Bank of America checking accounts?
Some benefits of Bank of America checking accounts include no maintenance fees if you keep your balance at a certain level, access to thousands of ATMs, online banking, mobile banking, and free teller deposits and withdrawals.
Definition of 'cash deposit'?
Cash deposits are moneys that are placed into the bank to be kept safe. There are accounts to keep each of these cash deposits.
