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Is it illegal to authorize money to be taken out of your account and then close account there after?
Wiki User
∙ 14y ago
If you did it with the intent to defraud, yes.
Wiki User
∙ 14y ago
It is not illegal to authorize money to be taken out of your account and then close the account. However, if the money has been withdrawn and there are outstanding charges or payments, it is your responsibility to settle them even if the account has been closed. It is advisable to communicate with the recipient of the funds to resolve any outstanding issues.
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Is it illegal to have no money in your pocket?
In fact it is illegal in many places, we call it vagrancy...in someways it might be considered a justifiable law, for example, why would you go into a grocery store without any money?
Is it illegal to staple money?
It is illegal to deface or destroy currency in a way that renders it unfit to be reissued. Stapling money could be considered defacing it and may be illegal.
Is it illegal to send money through the mail and be added to a mailing list in order to receive money in return?
It is not illegal to send money through the mail, but it is risky to send money to be added to a mailing list promising money in return. This practice is often associated with scams or pyramid schemes, so it is important to be cautious and do thorough research before participating.
Is it illegal to eat money?
No, it is not illegal to eat money, but it is strongly discouraged as it can have negative health effects like choking or digestive issues. Additionally, destroying currency is a federal offense in some countries.
What are laws with siblings sharing a bank account and one takes all the money out but the other was who the money belonged too?
If both siblings are listed as joint owners of the bank account, then legally both have equal rights to the funds in the account. If one sibling takes all the money without permission, it could be considered theft. The other sibling can seek legal recourse by reporting the incident to the bank and potentially involving legal authorities.
Can apartment landlord Take money out of your account?
Only if you authorize them to draft directly out of your account.
Can a bank close account with notice -?
Yes, if your account is involved in illegal activities like terrorist financing or money laundering etc. No, if your account isn't involved in any illegal activities.
Can you fax money?
Of course not, money has special paper and only authorize bank has the right to make a copy of it, otherwise its illegal.
When can you close your fathers estate account and keep the money as an heir?
when can you close my fathers estate account and keep the money.
Can a bank close your account?
It the account is left inactive for a long time with no money in it they may opt to close the account.
Can a bank close your account and hold your money?
It Depends: Yes - If you have defaulted on your loan repayments to the bank and there were some fresh funds deposited into your account after a long time Yes - If you were involved in illegal activities like money laundering, drugs, etc. Yes - If there is a court order to block your account If you don't come under any of the 3 above mentioned categories, then the bank cannot close your account and hold your money.
If you have a joint checking account with your husband can he close it or remove your name without your signature?
He cannot remove your name from the account. However, he can close the account and then open a new account with the money. Just remember this can work both ways. With a joint account either person can go in and close the account out and then take the money and open themselves a new account. Most of the time it depends on who makes it to the bank first to close out the account.
How do you close bank account?
Withdraw all money from the account and give an account closing letter to Bank.
If a bank customer has an individual account and they die and their will states that funds pass to a trust can the executor close the account?
Yes, they can close the account. The money will then be placed as directed by the will.
If someone owes you money and you have their bank account information can you pay a bill using their bank account?
No, you cannot. It is illegal.
What branch can borrow money?
The Legislative Branch is the only part of the government that can authorize the borrowing of money. The Executive Branch can request the money be borrowed but cannot authorize it.
Why do banks close checking accounts for no valid reason?
Banks cannot and do not close checking accounts without valid reasons. They may close the account if: * You have not maintained the minimum required balance * You have not operated your account for very long time * You issue too many cheques that bounce * You are suspected to carry out illegal activities like money laundering.
