answersLogoWhite

0


Want this question answered?

Be notified when an answer is posted

Add your answer:

Earn +20 pts
Q: What do you need to do to withdraw money from your Valic account?
Write your answer...
Submit
Still have questions?
magnify glass
imp
Continue Learning about Finance

If you have a joint bank account and one person dies is the money taxable as income?

No, the money isn't taxed because it is already in the hands of the people on the account. As a person on the account you only need to withdraw the money.


Can you withdraw the money from your credit card account?

This gets a bit trickier. With many secured credit cards the answer is "No", if you want the money from the savings account back you need to let all of your charges on the secured credit card clear, close the card and than close the savings account and get your money back. Often you maintain the ability to withdraw some money and reduce your credit line, but do not count on that option from all secured cards. In no case would you be allowed to withdraw so much money that your savings account dropped below the minimum set by the bank to establish such an account.


My savings account is not the traditional account with a bank book and all It's being accessed online Can I still withdraw money from such?

your savings account comes with a debit card, and you can use this card to withdraw money at an atm. Certain banks can still provide you with a bank book, but you'll still need a debit card to use the machines. If you have one of those online savings accounts, then you'll have to go online to transfer money over to another bank account that you have to take out money.


Under what circumstances can you withdraw from a 401K without a penalty?

If you cannot get money from any other source and you need money for something like staving off foreclosure (financial hardship), you can withdraw money with no penalty. Taxes would be need to be paid and you can only withdraw the exact amount you need.


Do you need a cheque to withdraw cash from the bank?

depends if you have a checking account. but no, if it's only saving account.

Related questions

What do I need to know before opening a bank CD?

You will need to know the penalties and fee's for the account if you decide to withdraw money and if you are able to withdraw at anytime or if the money is locked in for a specific timeframe.


Sample letter requesting release of money from PF account?

You cant write letters to get money from PF account. There are forms that need to be filled and procedures to be followed to withdraw money from PF account.


If you have a joint bank account and one person dies is the money taxable as income?

No, the money isn't taxed because it is already in the hands of the people on the account. As a person on the account you only need to withdraw the money.


Can i take a death certificate to a bank and retrieve money from the deceases' account?

No. You need proof that you are the executor of the estate.


Can you withdraw a million dollars from a bank?

Yes, the Bank may need notice to ensure they have the cash available, and of course you must have the money in your account in order to withdraw it.


You don't have a credit card and use PayPal but you don't know if can you spend the money in the account?

Any money you have in your PayPal account is yours. You can spend the money with any online retailer who accepts PayPal or you can withdraw it to your bank/checking account. To withdraw the money you need to be "verified" and if you haven't already been through the procedure, you'll find a link telling you exactly what you need to know on your PayPal account summary page.


Can you withdraw the money from your credit card account?

This gets a bit trickier. With many secured credit cards the answer is "No", if you want the money from the savings account back you need to let all of your charges on the secured credit card clear, close the card and than close the savings account and get your money back. Often you maintain the ability to withdraw some money and reduce your credit line, but do not count on that option from all secured cards. In no case would you be allowed to withdraw so much money that your savings account dropped below the minimum set by the bank to establish such an account.


How long does it take to take money out of a CD Account if I need it for an emergency?

The time at which you can withdraw from a CD Account depends on what the CD Maturity is. These can range from a few months, to a few years. For example, if you have a 5 year CD, you can not withdraw from that account until the 5 years are up.


How do u withdraw money through ria transfer online?

To withdraw money using Ria Money Transfer, you will need to follow these steps: Go to the Ria Money Transfer website and sign in to your account. Select the "Withdraw" option from the menu. Choose the account you want to withdraw money from (e.g., bank account, debit card). Enter the amount of money you want to withdraw. Enter the destination for the withdrawal (e.g., a bank account). Review and confirm the details of the transaction. Submit the withdrawal request. The money will be transferred to the destination you specified, and the process usually takes a few business days to complete. Keep in mind that you may be charged a fee for the withdrawal, and there may be limits on the amount of money you can withdraw in a single transaction π‘Ύπ’†π’Šπ’“π’… 𝑻𝒆𝒙𝒕 𝒉𝒕𝒕𝒑𝒔://π’˜π’˜π’˜.π’…π’Šπ’ˆπ’Šπ’”π’•π’π’“π’†24.π’„π’π’Ž/π’“π’†π’…π’Šπ’“/372576/𝑴𝒐𝒔𝒆𝒔𝒋𝒓1/


Do you need a credit or debit card on pay pal or can it just take money out of your account?

Paypal will directly withdraw from bank accounts.


How can you accept money through PayPal if you don't have a Visa card?

You can register your bank (or checking) account to your PayPal account and use that to both send and receive funds. To withdraw money from PayPal to your bank account, you need to go through the verification process.


Where do you get Valic Rollover Transfer Out Forms?

You need to call Valic directly. 1-800-448-2542