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What can you do if a bank puts money in your account by mistake?
Wiki User
∙ 12y ago
put it in my account.
Wiki User
∙ 12y ago
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Why are bank reconciliation statements completed?
Bank reconciliation statements are completed so that the owner of an account can keep tabs on money in the account. If a person puts money in an account they need to know how much money they have so that they do not write overdrafts. They also want to prevent fraudulent use of the account funds.
If someone puts money in your bank account what will happen?
If you mean someone you don't know, then they will keep adding and subtracting money from the account. If it is someone you know, then you just got a few extra bucks.
What can you do if your bank puts a hold on your account?
go to the company and ask for a new card they will re new your setings but they wont talk your money
If you have a nonperiodic garnishment against you in the state of Michigan can they garnish a joint bank account?
Yes, joint bank accounts are subject to garnishments or levy for debts of any or all of the account holders and regardless of who puts the money in.
How do you stop Speedway Inc from writing an electronic check to your account every month for 5 to 8 dollars when your bank puts the money back but can't stop it?
I work at a bank. At this point Speedway has your account number and routing number and will continue to try to put these checks through your account. If your bank pays the electronic check every time, then Speedway is making out like a bandit. The best thing to do is close your account and reopen another one. This way Speedway won't know your new account number and the next time they submit an elctronic check to your now closed account, they'll pay a fee to their bank. I know closing and reopening an account is a pain, so in the future be very wary of who you release your account info to and protect it. Call speedway and remind them it is against the law take money from your account without your permission.
Is it bad to have a bank account?
no it is not because it saves all your money if you put money into it or your job puts money in for you or a company. and you can also take some money out of the bank
What happens when the bank puts a deposit in the wrong account?
They will research it, and if the deposit was put into the wrong account they will debit the account it was put into and credit the account it was supposed to go into. It is important you fill out your deposit slip accurately because that is the record of where it should have gone. If that happens, all parties involved will be notified by the bank. The bank will revert the transaction if the mistake was on their part. If the incorrect transfer happened because of the customers mistake in providing accurate account numbers, the bank would not revert the transaction.
What will happen if a customer puts more money into a checking account at her bank?
If a customer puts more money into her checking account at her bank, the balance of her account will increase. This means she will have more funds available to use for payments or withdrawals. The bank may also pay her interest on the increased balance, depending on the terms and conditions of her account.
Why are bank reconciliation statements completed?
Bank reconciliation statements are completed so that the owner of an account can keep tabs on money in the account. If a person puts money in an account they need to know how much money they have so that they do not write overdrafts. They also want to prevent fraudulent use of the account funds.
If someone puts money in your bank account what will happen?
If you mean someone you don't know, then they will keep adding and subtracting money from the account. If it is someone you know, then you just got a few extra bucks.
What can you do if your bank puts a hold on your account?
go to the company and ask for a new card they will re new your setings but they wont talk your money
If you have a nonperiodic garnishment against you in the state of Michigan can they garnish a joint bank account?
Yes, joint bank accounts are subject to garnishments or levy for debts of any or all of the account holders and regardless of who puts the money in.
Do you owe the bank if they did a mistake by putting money that is not yours?
If a bank accidentally puts money in your account that does not mean it belongs to you. Yes, you do owe it back to the bank. Banks are usually good at eventually catching up with these types of mistakes and will take it right back out of your account. It's best just to let them know of the error to save yourself the headache of counting on funds that likely won't stay in your account.Additional: The noney was never "yours" in the first place. If you have already spent it - yes, the bank does have the right to recover it from you.
IF SOC.SEC. AND V.A. PAYMENTS CAN NOT BE LEVYED.BUT IF YOU HAVE DIRECT DEPOSIT CAN A CREDITOR TAKE IT ONCE IT IS IN THE BANK?
Yes, if the creditor puts a lien on your bank account or freezes your funds this money can be effected because it is considered an asset once it is in your account.
How is math used in banking?
When someone deposits or withdraws money from a bank, more math is involved to calculate the total in their accounts. Again, precision and accuracy is key. If a bank employee accidentally puts too much money into someone's account, it will cost the bank money. If an employee puts too little into someone's account, it can greatly damage the bank's image. The same goes for withdrawals. The amount taken from the account must match the amount the client withdrew from the account. Accurate math is essential to all transactions; extensive record keeping insures mathematic accuracy. The math is repeatedly checked and rechecked.
Do you have three days to get money in your account after writing a check?
It Depends. a. If the person to whom you gave the check puts it into his account the same day, it will come to your bank account for payment the next day or worst case the day after that. So you will have at max 2 days b. If the person puts it into his account the next day or the day after that day it will come for payment to your bank after 2 days. So you will have 2 or max 3 days to get money into your account.
Who puts money into an estate account?
Whoever is the trustee(s) of the trust for the estate is responsible for the account, including putting money in it.
