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What happens if a payee can never get an account holder to repay a returned a checkk?
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What happends to a cancelled check?
it is returned to the account holder
What happens if a payee can never get an account holder to pay a returned check?
all you can do is give the cheque to the bank on which it is drawn, then ask the clerk to put it up for collection, so that in case the money is ever in the account the bank will credit you.
What happen if the seconary bank holder dies?
It seems like you are asking what happens when one joint account holder dies. I believe that most joint bank accounts are set up so that the surviving account holder would have legal possession of the full balance, the same as he did before the death of the other joint account holder.
What does bank account holder mean?
its a type of bank account where the name of the account holder is kept secret.
Can the primary account holder remove the name of the secondary holder?
Pay off the balance and close the account. Then reopen a new account with only the primary holder.
What happends to a cancelled check?
it is returned to the account holder
What happens if a payee can never get an account holder to pay a returned check?
all you can do is give the cheque to the bank on which it is drawn, then ask the clerk to put it up for collection, so that in case the money is ever in the account the bank will credit you.
What happens to a joint bank fixed deposit with a nominee when the primary holder dies?
the fd has to be terminated and principl amount returned to nominee or joint holder without any deductions
What happen if the seconary bank holder dies?
It seems like you are asking what happens when one joint account holder dies. I believe that most joint bank accounts are set up so that the surviving account holder would have legal possession of the full balance, the same as he did before the death of the other joint account holder.
What is a Primary Account Holder?
Primary account holder is the person on whose name the bank account is created in the first place. Ex: Assuming you have a bank account and then once you get married you would include your spouse as a joint account holder. you will be the primary account holder and your spouse would be the secondary holder.
What is a conservatory account?
A conservatory account is an account that is made up for another person that for what ever reason is unable to be an account holder. This often happens for children and for those with developmental and mental disabilities.
What happens to a joint bank account when the the primary is the now deceased mother and the joint account holder is a daughter and In this case there is no will can they do anything?
The daughter now owns the bank account and everything in it.
What does bank account holder mean?
its a type of bank account where the name of the account holder is kept secret.
How do you close account if account holder is not present?
If the account holder is incapacitated, then someone should obtain the power for attorney for that person. If the account holder is deceased, then you need a death certificate to prove that. And those are the only two circumstances in which it is necessary to close an account when the account holder is not present.
Can the primary account holder remove the name of the secondary holder?
Pay off the balance and close the account. Then reopen a new account with only the primary holder.
What happens to checking account when owner dies?
The amount would be settled to the nominee. If the account holder has not filled in the nomination details then the money would go to the legal heir.
Who or what is a bank account holder?
A person on whose name the bank account is opened is called the bank account holder. He is the one responsible for maintaining the account.
