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What does it mean id someone wants your checking account information to keep their money?
Wiki User
∙ 13y ago
I don't know what it means, because I can't quite parse the question.
However, if you don't know what someone wants your account information for, you shouldn't give it to them (you probably shouldn't give it to them even if you do think you know what they want it for, unless you trust them a great deal).
Wiki User
∙ 13y ago
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Is it lawful for a company to find out from a bank how much money you have in a checking account?
No. A company cannot have access to certain pieces of your personal information, including your personal checking account...
What is money in a checking account called?
Money in a checking account is called demand deposit.
What if its disabilty money in your checking account how would a lien work then?
if you have a lein on you, can they take your disabilty money out of your checking account
Why is a checking account more convenient is savings account?
It's easier to spend the money in a checking account.
Is a checking account an asset?
From the account holders perspective yes a checking account is an asset. The amount of money you have in your checking account is your asset. From the banks perspective it is a liability because whenever you want your money, the bank has to give it to you.
What are the disadvantages of using checking accounts?
Many checking accounts do not offer interest on the money in your savings account. This is a disadvantage because the money you put in a savings account will collect interest, where a checking account will not.
Do you paid taxes on checking account?
The only tax you would pay on money in a checking account is any interest the money made if it is a interest type of account.
Can wife add her name to his checking account without his approval legally?
No she can't as a matter of fact without his written permission she can't even get general information about that account. This is what I found to be amazing, if this couple has a joint savings account, but the husband's name is the only one on the checking account, he is the only one that can legally transfer money from the savings account to the checking account. It also works this way if there is a joint checking account and money needs to be transferred from the joint checking account, to the savings account with only the husband's name on it, he is the only one that can move money from one account to the other. I am a bank manager and I know this is more information than you asked for, but when I have to explain this to couples, it often leads to a very heated discussion between them in my office. I live in Virginia and I can only answer for Virginia. I hope you found this answer helpful.
Is the amount of money in your checking account called your allowance?
No, the proper banking term is balance for an amount in a checking account.
What limit can you put in a checking account in Florida?
what limit of money can you put in your checking account in Florida bank of America
What is a checkbook?
It is a booklet used to record checking account transactions. To keep track of the amount of money in your checking account
Can you have 300 dollars with out a checking account?
Of course, there isn't a law that says that you need a checking account to posses money.
