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
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.
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.
it is not the account no! it can be collected from any indian bank branch. all of your indian bank accounts can be linked using this CIF no..
You will need to be really polite and say i am really sorry to be sending a letter but i corrected a spelling mistake in my bank accounts please be mare careful next time. that is how i would do it.
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
Access to the bank accounts require authorization. The letter of administration give them that right.
At least 7 years for Income Tax purposes.
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
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.
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.
Nope. All you need is cash.
it deals with bank accounts and interest (compounding interest)
Yes, the bank accounts are a part of the estate. The need to be valued and included in the assets.
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.
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.
My best friend passed away and has two open bank accounts. How can I close these accounts being his Power of Attorney?