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What does itf mean in a check?

Updated: 9/18/2023
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10y ago

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It means In Trust For, the name/person to which the money will go to, if the primary person dies.

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What does ITF internal transfer of funds mean on a bank account?

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Does Hwoarang really do Tae Kwon Do?

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What is an in trust for (ITF) account?


What does the company ITF sell?

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What is the meaning of 'ITF' on a bank statement?

It could mean: Internal Transfer of Funds In Trust For Interim Trust Fund International Trust Fund If the bank account is a ITF ("in trust for") or FBO ("for benefit of") type of trust account, then the beneficiary will gain immediate control of the account upon your death without going to court, though possibly subject to estate tax.


Can the named ITF withdraw the bank account funds?

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