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Is it possible to direct deposit into an account without my name?
No, it is generally not possible to direct deposit into an account without the account holder's name on it.
Is it possible to direct deposit my paycheck into my boyfriend's account?
No, it is not possible to direct deposit your paycheck into your boyfriend's account unless you have joint ownership of the account or explicit permission from the account holder and your employer.
Is it possible to direct deposit to an account that does not have my name on it?
No, it is generally not possible to direct deposit funds into an account that does not have your name on it. Banks typically require the account holder's name to match the name on the deposit.
Is it possible to transfer money from one bank to another when the account holder is dead?
No. The bank will not accept any transactions on a dead persons account. The only thing the bank would allow is: Withdrawal of the funds from the dead persons account by his legal heir. Apart from this no other activity would be allowed on a dead persons account by the bank.
Is it possible for a joint account holder to take all the money from the other joint account holder?
yes both have equal rights to the money so one could easliy take out all the funds
What is a Primary Account Holder?
Primary account holder is the person on whose name the bank account is created in the first place. Ex: Assuming you have a bank account and then once you get married you would include your spouse as a joint account holder. you will be the primary account holder and your spouse would be the secondary holder.
Can a bank transfer money from one account to another without permission?
No. A bank cannot do that. A bank cannot transfer money from one account to another without prior approval or permission from the account holder from whose account money is going to be taken. If such a thing happens, the affected customer can sue the bank.
What does bank account holder mean?
its a type of bank account where the name of the account holder is kept secret.
How do you close account if account holder is not present?
If the account holder is incapacitated, then someone should obtain the power for attorney for that person. If the account holder is deceased, then you need a death certificate to prove that. And those are the only two circumstances in which it is necessary to close an account when the account holder is not present.
Can you deposit money in your boyfriends bank account if he is not present?
Yes, if you know his bank account number. Deposit has no problem but withdrawal is not possible without authentic signature of the account holder.
Can the primary account holder remove the name of the secondary holder?
Pay off the balance and close the account. Then reopen a new account with only the primary holder.
Can an authorized user on a credit card become the sole account holder?
No, credit card accounts are not transferrable. It might be possible for the person to become a joint account holder, but that would depend upon the card issuer's lending policy.
