It means In Trust For, the name/person to which the money will go to, if the primary person dies.
what does itf mean on a bank account
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.
No the person can not transact on the account.
Define what you mean by "official check." If you mean a government check - no. Once it is issued it is payable on demand.
To endorse a check means to sign it, to apply your signature.
what does itf mean on a bank account
ITF is the abbreviation for the International Taekwon-Do Federation so an ITF black belt would be someone who has earned that rank.
ITF 회장 Say It Like: ITEPU Hwejang
ITF Wheelchair Tennis Tour was created in 1992.
The place to go to learn about ITF tennis is at that same web address. There will be information about what is happening as well as the history of the ITF Tennis matches.
NECC ITF International Women's Tournament was created in 2001.
Hwoarang is a fictional Korean character in the Tekken game series. The game character's martial art movements are based on the Taekwon-Do as taught in the International Taekwondo Federation (ITF) with variations for the purpose of the game. The pattern of pre-arranged movements he performs was taken from ITF TUL (ITF Pattern). The techniques were also taken from ITF. The motion capture was performed by Taekwon-Do ITF practitioner name Hwang Su Il (a member of JITF/Japan International Taekwon-Do Federation). The dobok (uniform) is also based on ITF dobok with several modification to suit the game. (see related link below)
1966 by Choi Hong Hi
What is an in trust for (ITF) account?
Researching to find what the company ITF sells provided a few different results for the acronym ITF. It is believed that one is referring to the company Intarnational Tele-Film which is Canada's leading distributor of training materials. There are a wide range of training materials offered and a complete list can be found on their site.
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.
No the person can not transact on the account.