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It means, someone has put a blocker on your assets and bank accounts. It means, you cannot withdraw cash, make any transactions on the account, or sell any of those assets until further notice. This usually happens when law enforcement authorities suspect any illegal activities on your accounts. For ex: if they feel that you are harboring terrorists, they can freeze all your assets and bank accounts until you are proven innocent.
Wiki User
∙ 12y ago
Wiki User
∙ 11y agoIt means you cannot withdraw cash, write checks, transfer monies or take any type of action regarding the account(s) until the court rules on the issues connected to the account(s) and/or assets.
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What does refer to maker mean on a check returned to a bank account?
This is a generic answer banking institutions like to use when they have a undetermined answer for a check return. Sometimes there may be a freeze on the account or suspected fraud.
What does bank account holder mean?
its a type of bank account where the name of the account holder is kept secret.
What Does Bank Account Name mean?
It is the name of the account holder
What does TTEE mean on a bank account?
Trustee
How does bankruptcy affect your W-2 account?
You mean your withholdings...you report them as assets, that's about it.
What does refer to maker mean on a check returned to a bank account?
This is a generic answer banking institutions like to use when they have a undetermined answer for a check return. Sometimes there may be a freeze on the account or suspected fraud.
Can a divorce in progress mean a frozen back account?
When a divorce proceedings are in process the court can freeze a bank account. The court has the option of freezing accounts to ensure the proper division of property.
What does ITF internal transfer of funds mean on a bank account?
what does itf mean on a bank account
What does relationship bank account mean?
A relationship bank account does not use money...
What does bank account holder mean?
its a type of bank account where the name of the account holder is kept secret.
Do people with assets of 1 Million dollars have 1 million in cash?
No. In most cases, the answer is no. there may be millionaires who keep a million dollars in their bank account but not everyone who has net assets of 1 million dollars have it in cash. For example if someone owns a villa in Las Vegas that is worth 2 million dollars, he is still considered a millionaire but that doesn't mean he has a million bucks in his bank account.
What does TR FOR mean on a bank account?
The meaning of TR on a bank account is asset based financing.
What Does Bank Account Name mean?
It is the name of the account holder
What does restrained bank account mean?
When a bank account is RESTRAINED it means that the bank has put a "freeze" on the account and no funds may be withdrawn by anyone. Usually this is the result of some party with a judgment against the account holder who --by virtue of their judgment obtained in court-- has the right to go after any assets of the account holder. While RESTRAINED, all funds remain at the bank (minus any bank fees the bank may charge for having to process the Restraining Order). Ultimately the funds will meet one of the following fates: After a year, the Restraining Notice will expire (but a new can be issued quickly); or the account holder will sign over all or part of the funds in the account to whomever holds the judgment against them, and the account will be "normal" again after that; or if the account holder refuses to release any funds the judgment holder can send the local Sheriff or Marshall in to seize the funds, after which the account again returns to "normal" status but at that point the account is no longer considered RESTRAINED it is said to have been levied.
What does Bank balance mean?
It means how much money you have in an account at the bank.
What does CR mean on a bank account?
credit
What does TTEE mean on a bank account?
Trustee
