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If your bank account has been seized because of a debt you owe, you should call and work out a payment arrangement with the creditor. You should also start a new bank account.
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What is the difference between a checking account and credit card account?
checking from bank fund & credit card prepaid by credit
Do you have to have a bank account with the bank that issues the credit card?
No - in most cases. As long as the credit card issuer can determine your credit worthiness, it doesn't matter where your bank account is. There is one exception. If you apply for a secured credit card, you must keep a 'security deposit' of a certain amount in the institution chosen by the credit card issuer (usually their own bank).
What is a Merchants account Credit card?
A merchants account credit card is a special type of credit card that is issued from a merchant acquiring bank. These credit cards allow a vendor or business to accept payments from customers using a credit card.
Should you give your bank account number to your credit card company?
no
Do credit cards instantly debit a bank account when a transaction occurs?
When a transaction occurs, a credit card does not instantly debit a bank account. Since a credit card is linked to a line of credit, it is dependent on the user to make individual payments in order to replenish that credit line.
Can a credit card company freeze your bank account?
A credit card company cannot freeze your bank account. However, it can sue you in court for any overdue balance. If the credit card company is successful, the court will issue a judgment lien that the creditor can use to freeze your bank account and seize any money you have on deposit. In fact, the judgment lien can be used to seize any assets you own to satisfy the lien.
Can a bank seize funds from a checking or savings account for money owed on the bank's credit card without a court order in Texas?
Yes, it is referred to as a "set off" action.
What is the difference between a checking account and credit card account?
checking from bank fund & credit card prepaid by credit
Is bank account is compulsory for obtaining a credit card?
Maintenance of an account in the bank which has issued the card is not a pre requisite for applying for a credit card. Having an account with the card issuing bank is essential for debit cards. Nandkishore Sharma
Is a credit card needed to sign in to Bank of America?
No, a credit card is not needed to sign into Bank of America. One can have a checking account, a savings account, or other business with Bank of America without having a credit card.
Do you need a bank account to get a credit card?
No.
What numbers are on a credit card?
It depends on who's credit card. The numbers are your bank account, the date the credit card is validated for.
What is a credit card number?
A credit card number is a unique representation of a network (credit card network), a bank (issuing bank) and an account number (specific to account holder) combined to represent a unique representation for an individual with credit.
Is a secured credit card a real credit card or a debit card?
A "credit" card is a credit card.A prepaid credit card (secured) is not tied to a bank account and therefore while, like a debit card, you can only spend to the amount it has been loaded with (it will not provide credit), it is not a true debit card which IS linked into a bank account.
Is a credit card link to a bank account?
Yes
Do you have to have a bank account with the bank that issues the credit card?
No - in most cases. As long as the credit card issuer can determine your credit worthiness, it doesn't matter where your bank account is. There is one exception. If you apply for a secured credit card, you must keep a 'security deposit' of a certain amount in the institution chosen by the credit card issuer (usually their own bank).
Is a master card a credit card or debit card?
It's a debit card since the money you pay with is directly transfered from your bank account to the receiver's bank account.
