Commercial Bank and Checking Accounts
If a senior relative cannot open a checking account and wishes to sign over an annuity check to a relative is that relative open to litigation for the senior's outstanding debts?
If the relitive signed the check over to you and then past away before you were able to deposit the funds the annuity may become part of the estate in that case the creditors would have to be paid first.
Asked in Law & Legal Issues, Estates
Can a successor trustee close a trust checking account when there are outstanding checks that havent been cashed?
No. No one can close a bank account when there are outstanding checks that must be paid to the bearer. ...
How does one qualify for second chance checking account?
If a person has outstanding debt or overdrafts they may risk losing their checking account. First they should check with their bank if they are at risk and then if so search other banks for the second chance account and applying for it. ...
Can you close your checking account if you have a balance left on your VISA card?
Yes. Closing a checking account when a credit card has outstanding balance shouldn't be a problem. The bank would expect payment on their card promptly on the due date irrespective of whether you have an account with them or not. ...
Does having a checking account improve your credit score?
No, a checking account is not correlated to your credit score. The only reason why you have to give your social security # is to prove that you have no outstanding debt with any other banks. ______________________________________ Actually, there is a correlation. Having a checking account doesn't improve your credit score, but you can be accepted or denied an account based on it. If you have bad credit, or no credit, you may be denied from a variety of bank checking accounts. I was...
Where can you open a new checking account in NC if your account was cancelled and reported to Chex Systems with no outstanding balance?
BOA and United Community bank are two very good options at this time in NC ...
How long will it be before you can open a checking account if you were denied a checking account not because of bankruptcy but because of outstanding debt?
There are banks that will help you regarless of your credit history. If you have been reported to chexsystems, your name remains on file for 5 years but there are also banks that do not use chexsystems ...
What is a checking account frequently referred to as?
A checking account is also called a transactional account or chequing account. ...
Why is a checking account better than a savings account?
cause checking account is more safe
How can you get the bank route number and your checking account number?
Your bank routing number is on the left side of the checking account and the checking account is next to it. ...
What is the purpose of high interest checking?
"A high interst checking account is a type of checking account that earns interest. Usually these accounts have higher interest than a regular checking account, but not as high as a savings account." ...
How is a business checking account different from a personal checking account?
A business checking account is different from a personal checking account by the minimum amount of desposit. You can read more at www.business.com › Directory › Financial Services › Banking ...
What is the difference between a trust and a checking account?
a trust account means you trust the person that is opening the account, and a checking account means you will keep checking it to make everything is okay. ...
Asked in Debt Collection, Banking, Liens
Can collection agencies tap a personal bank account?
Yes! Creditors can garnish a personal checking account. As long as the creditor has the checking account info they can garnish a checking account. ...
Asked in Credit and Debit Cards, Debt Collection, Banking, Debt Responsibility, Money Management, Credit, Commercial Bank and Checking Accounts
Is the survivor of a joint checking account responsible for the deceased credit card debt?
Yes - if the account is in joint names, and one of the named people dies, the surviving person assumes all liability for the outstanding balance. ...
What do you have to do to get a checking account?
First you have to go figure out what bank you want to get a checking account with, go to that bank, tell the person at the desk you want to open a checking account and then go on from there. You can also open a checking account over the phone or on the internet. ...
Why is a checking account more convenient than a savings account?
It's easier to spend the money in a checking account.
How old do you have to be to have a checking account?
At Chase, you can have a checking account with one of your parents if you are in high school. ...