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Q: How long do you need to keep your bank accounts?
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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


Do you need letters of administration when no property is involved only bank accounts?

Access to the bank accounts require authorization. The letter of administration give them that right.


How long do need to keep your deceased self employed husbands accounts?

At least 7 years for Income Tax purposes.


How long banks keep records of closed checking accounts?

Forever. Banks do not destroy details of checking accounts that were closed or the details of the people who held the accounts ever. They keep it safely so that they can use it in future if anyone (say law enforcement agencies) need it


I need to Locate bank accounts who can do this?

Wait for bank statements to arrive in the mail. Review tax returns for clues to bank accounts a person might have had. I can't really think of anything else.


Why do you need bank accounts?

You need bank accounts because: a. You get an easier way to save money b. You get a Debit card that you can use for shopping instead of having to carry cash in your purse c. You earn an interest on the money you keep in your account d. You get a check book that you can use for paying for services like telephone bill, grocery bills etc.


Do they do credit checks for saving accounts and bank account?

Nope. All you need is cash.


Why you need exponents in our real life?

it deals with bank accounts and interest (compounding interest)


My mother died leaving me her executor. She had several bank accounts left itf for her children. Are these funds part of the estate?

Yes, the bank accounts are a part of the estate. The need to be valued and included in the assets.


Does Chase Bank offer money market accounts?

Chase does offer money market accounts. Check out their website to get all the information you need, or go to a chase bank and talk to one of their employees.


How long do you need to keep accounts receivable records?

Various companies keep the records various times. For the most part (for tax purposes) it is best to keep all records for 5 to 7 years after the date.


Why do you need a letter of testimentary?

My best friend passed away and has two open bank accounts. How can I close these accounts being his Power of Attorney?