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Can a bank seize money you owe if your cashing a check at there bank in your name?
Yes, a bank can seize funds from your account or hold checks if you have outstanding debts owed to them, such as loans or overdrafts. This is often done through a process called setoff, where the bank applies your deposits to cover what you owe. However, this typically applies only to accounts held at that bank. If you're cashing a check at their bank, they may still have the right to withhold or apply those funds to your debt.
Is bank debts expense?
Yes
What do you need to be sure of before you write somebody a check?
Before you write your check, you need to make sure that you have enough money in the bank to cover it. If your bank honors the check even though you don't have the money in your account, the bank may charge you a fee. If the bank refuses to pay the check, it's called a "bounced check," and the person whom you paid may charge you a fee on top of any bank fees.3
How often are you able to cash a check for cash?
As often as you wish as long as you have the money in the bank.
Can you borrow money from the bank in Monopoly to pay off your debts and continue playing"?
No, in Monopoly, you cannot borrow money from the bank to pay off your debts and continue playing.
What can you do if you were added as an authorized used to a credit card and now the primary is saying you were not and reported fraud?
Somebody had to SIGN that authorization check at the bank for the signature
How much is a bank check?
The cost of a bank check, often referred to as a cashier's check, can vary by bank and typically ranges from $5 to $15 per check. Some banks may waive the fee for account holders or for certain types of accounts. It's best to check with your specific bank for their current fees and policies regarding bank checks.
Can you receive a cheque if you don't have a bank account?
Yes, anyone can receive a check. If you do not have a bank account, your options for negotiating that check will be limited compared to someone who does have a bank account. You would have to go to the drawee bank to cash the check (often for a fee) or use a check cashing service (again, typically for a fee).
Does a check a check you accept have to have your name on it?
No, the "Pay to the order of" line can be left blank. When you present the check at the bank that line must have been filled in or the bank will not cash it. It is common to leave that line blank when the vendor has a rubber stamp with their name. They will stamp it after you sign it. You can accept a check that somebody signs over to you. They would endorse the back after writing Pay to the order of "you". When you present that at the bank, the bank will ask you to endorse the check below the other party's endorsement. The bank will probably not cash it immediately unless you have sufficient funds in your account to cover the check. Some banks will refuse to accept a check that has been signed over.
What is meaning of BGC on a bank statement?
BGC on a bank statement typically stands for "Bank Guaranteed Check." It indicates that the funds associated with a check have been guaranteed by the bank, ensuring that the check will clear. This term can also refer to "Bureau of Government Contracting" in some contexts, but in relation to bank statements, it most often pertains to guaranteed checks. Always check with your bank for the specific meaning in your context.
What is external liability?
what is external liability all debts that are external from the business eg. bank loan,bank overdraft,
What major debts owed to the Federal Reserve Bank of New York were repaid in the year 2012?
The major debts that were owed to the Federal Reserve Bank in New York were repaid by Bear Stearns and AIG in 2012.
