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What is an fob trust?
FBO means "for benefit of." In banking, an FBO trust is an account typically set up as a donation account for the person whose name the account is in.
What is the abbreviation 'fbo' in banking?
It stands for "For Benefit Of" - just additional information on who the account is for or where it is going in some transfers/rollovers/etc.
What does fbo mean on a deed?
That abbreviation in law stands for the phrase "for the benefit of".
What does FBO mean on a check?
FBO stands for â??for the benefit of.â?? FBO checks have a final beneficiary who is different than the person that is noted on the â??pay to the order ofâ?? line on the check.
Do you sign a FBO check?
From Wells Fargo site: If your employer sends you a check, make sure it is made payable to Wells Fargo Advantage Funds FBO John Smith. Forward the check to us and reference your account number or Social Security number. You should not endorse this check.
What does FBO mean?
Fixed base operator
What does FBO mean on a financial statement?
For Benefit Of
What does FBO stand for on wiring money?
for the benefit of
Do you sign an FBO check that is for an IRA rollover?
NO
What does FBO stand for in a check?
For Bank Only
What does it mean to go FBO with someone?
Facebook Official
What is FBO in aviation mean?
Fixed Base Operator; generally an aircraft service company selling fuel, maintenance, and other services to those flying into a particular airport. FBO's may also own the airport, or just rent space from the owning authority to transact business. There can be multiple FBO's on a single airport.
