Yes. As per the government regulations, all bank account transactions beyond a certain amount are reported to the Government. For ex: in USA, if a deposit of over $5000 happens in an account, the bank has to intimate the Government. Similarly in India, if a deposit of over Rs. 50,000 happens in an account, the bank has to intimate the Government.
Call your state government to have them research who gave them your account if it was not you.
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
It's easier to spend the money in a checking account.
You can get a checking account at Wachovia by filling out a form and submitting it to a local branch.
In order to open a business checking account online you first need to decide which bank you would like to have a checking account through. Then you should go to the website and follow the steps listed to open a checking account.
Yes, a levy on a checking account will be notated to chexsystem or a similar system. Anything that involves your checking account in a negative way will be shared in a reporting system.
No, but it will impact whether you will be allowed to open up a checking account.
A US checking Account
Call your state government to have them research who gave them your account if it was not you.
There are some banks that will aloow this but generally no. Most banks will run all signers on an account and will not allow you to be added to an account if you have been reported to chexsystems, There are some banks that do not use chexsystems at all and others that offer second chance checking.
Chex Systems Bites is a great site for a listing of banks where you can open a checking account with bad credit. They also have information on how the Chex System works and give recommendations on different banks. You can find the website at http://chexsys.tripod.com/goodbanks.html. Many, if not most banks, do not check your credit for a simple checking account. What they do check is if you've defaulted on a checking account at another bank. If another bank has reported you (rightly or wrongly) you will have a hard time getting an account.
Depending on where you live, you may have some community service programs to help. In Jacksonville, Fl, the city has a program called Get Checking. It is for people in your situation. You have to complete so many hours of training in personal finance and checking account maintenance. You will then receive a certificate to take to specified banks or credit unions to open a checking account. Your progress with them is monitored. Also, Compass Bank has a Second Chance checking account program...It's basic checking, but it's a good start..
A checking account is also called a transactional account or chequing account.
Your bank routing number is on the left side of the checking account and the checking account is next to it.
five years if you are reported to chex systems. been there done that..
"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."
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