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Q: What factors will you take into account when defining a problem?
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Continue Learning about Finance

Can you get a loan without a banking account?

Banks and savings and loans may pre-approve you, but you will need to open an account with them if you choose to take the loan. If you have a problem opening an account, you will need to get that cleared first.


What are some factors that I should take into consideration when evaluating and purchasing term assurance policies?

There are several factors you should take into account before purchasing term assurance policies. These include: comparing rates, reading the fine print and assessing the customer service of the provider.


Can you keep money the bank deposited into your account in error?

No, that should be reported to the bank immediately. The bank will eventually discover the error if the account holder does not and will take whatever steps needed to rectify the problem. An account holder who knowingly uses such funds is guilty of a criminal offense.


Can you take money from your spouse's account?

Only if your name is on the account.


Can your bank take money out of your personal savings account to cover a loan that was given to your business without permission?

Maybe so. Look at the account agreement for your savings account and the promissory note for your loan. Both documents probably provide for a Right of Setoff. That means that the Bank has the right to take money from your deposit account to cover a delinquent loan account. Whether the bank can setoff a business loan from a personal deposit depends on other factors such as the type of business organization, whether you signed a guaranty agreement, the name of the borrower compared to the name of the depositor.

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Can you get a loan without a banking account?

Banks and savings and loans may pre-approve you, but you will need to open an account with them if you choose to take the loan. If you have a problem opening an account, you will need to get that cleared first.