It depends on your relationship to the deceased and if there was a will.
I am not a banking expert, but my understanding is that - say you have 100$ in your account and you pay in a cheque for another 100$, then your current balance will be 200$ but your available balance will be 100$ until the cheque clears (when the available balance will match the current balance). This protects the bank from someone paying in a cheque that may 'bounce' and withdrawing money that never gets put into the account.
A check is a demand. It is an order to pay someone form your checking account. A checking account is a demand deposit.
If you are added as a joint owner on someone's checking account, you may have some responsibility for any debts or liabilities associated with that account. It depends on the terms and conditions of the account and the agreement you have with the other account owner. It's important to carefully consider the implications and potential risks before agreeing to be added to someone else's checking account.
To clarify, I owe money at US Bank for a defaulted credit card with them. I have a TCF checking account. If I try to deposit a check made payable to me, and that check happens to be a US Bank check, can US Bank seize the check made payable to me even if I deposit it into my TCF checking account? Not sure if they will see that US Bank funds are made payable to me from someone else's account. Any insight would help! Thanks!
can someone help me with this answer
2nd Chance Checking typically happens when someone has had previous banking issues, such as a history of bounced checks or unpaid overdraft fees. It is a type of bank account that is designed to give individuals a second opportunity to have a checking account, even with a negative banking history.
They also become a joint holder or owner of the bank account and the account becomes a joint account. You and the other person you put into the account can operate the account independently and can carry out transactions like deposit, withdrawal, balance inquiry etc.
If someone has a creditor and has a debit balance and a credit balance this means they have a bank account. The bank account provides the debit card and the bank provides the credit balance.
You should talk to someone about that and not ask someone who is 15.
HelloYes if you make it a joint checking account with their name on it. They will be able to do all the same things you can. Withdraw, transfer, pay in funds etc.
You can but you both will be on the checks aswell as the both of you need to be on the account too.
yes