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Is it legal for a bank to offer an interest bearing checking account?
Wiki User
∙ 16y ago
yes
Wiki User
∙ 16y ago
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What is the legal age to open a checking account in the state of Connecticut?
18
If you included your Bank of America checking account in a 2003 discharged chapter 7 is it legal for them to place a black ball on you so you cannot open a new checking account?
It's legal for the person to be placed in the Chex System for the required five years.
Is it legal to access your spouse's separate checking account if he gives you the username and password to log on and do banking?
If you have his permission yes.
What are your legal rights on garnishments on a checking account for unpaid credit dept?
none if your creditor has a judgment on you and a writ to do so
Can fraud freeze an checking account?
Yes. All sorts of fraudulent activities can lead to a checking account being frozen. The bank may temporarily freeze the account if they suspect fraudulent activities in the accounts transactions. And, the bank can permanently freeze the account if there is a legal advice from law enforcement agencies reg. your account
Can someone else close a checking account without premission?
No. A checking account can be closed only by the individual who holds the account. He/she needs to visit the bank and sign the account closure form in order to close their bank account. No one else can do that. But, if the account holder has given the legal power of attorney to another individual, he can act as a proxy for the customer and close their bank account.
Is there a loan company that will do payday loans with a savings NOT checking account?
Highly unlikely. The check you offer them is a legal promise to pay. With a savings account, you have no means of making such a promise.
What happens to checking account when owner dies?
The amount would be settled to the nominee. If the account holder has not filled in the nomination details then the money would go to the legal heir.
What is the legal age in Florida to open checking account?
If you want to open an individual account then you must be atleast 18 years old. But, if you are a minor (less than 18 yrs.) you can always open a joint account with any of your adult family members like mother, father, elder brother etc. banks do not say no to any customer who wishes to open a bank account (Unless they have a valid reason because the customer is bankrupt or has criminal record etc.)
Do you have a right to see your parent's checking account if they have both died?
As an individual, you generally do not have an automatic right to access or view your deceased parent's checking account. After their death, the account typically becomes part of their estate, which is subject to the probate process. Only the appointed executor or administrator of the estate would have the legal authority to access and manage their financial accounts.
Can creditors find your checking account information?
Creditors generally do not have direct access to your checking account information. However, if you owe a debt and it goes to collections, the collection agency may have the legal right to garnish your bank account or place a lien on it after obtaining a court judgment. It's important to stay informed about your rights and consult with legal professionals if needed.
Does the bank report it when a person writes a check on a closed checking account?
Yes. Writing a check on a checking account that is closed/inactive is a crime. Customers are not supposed to do that and if they do, the bank can report it and take legal action against the offending customer. The customer can be fined or jailed for doing so.
