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Q: What is Administrative Hold on a bank account?
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How does one hold a bank account?

To "Hold" a bank account is the same as having or owning a bank account. If one has a savings account, they hold that account.


Can you open another bank account if your business account has a hold on it?

As long as the bank that has the hold hasn't reported you to chex systems.


Can somebody go after your joint bank account in Maryland to collect a debt from just one person?

Yes. A joint bank account is an equal property of all the parties involved in the joint account. So if one of the parties who jointly hold an account owes a debt to the bank, the bank can lay claim to the cash he/she has in an account they jointly hold with another person.


How can a foreigner create a Swiss bank account?

It is possible for a foreigner to hold a bank account at a Swiss bank. It may vary from bank to bank but most of the banks need at least an identification of the person with a certificate of authenticity.


How much is bank interest rate in US?

It depends on the type of account you hold with the bank. Ex: Savings account: 3-4% Current account: 0% Fixed or Time Deposits: 7-9%


Can funds be transferred from an account in the Royal Bank of Scotland to the State Bank of India?

Definitely Yes. All you need is the Routing Number of your State Bank of India branch and your account number. You can initiate a wire transfer transaction using the routing number and your account number from the RBS bank branch in which you hold your account.


What is an example of interest-bearing account?

An Interest bearing account is a bank account in which, the banks pays you an interest for keeping your money deposited in that account. Ex: Savings Bank Account - You usually get around 3.5% rate of interest on the money you hold in your savings account in India.


What is an example for covet?

A greedy desire to have and to hold one's neighbor's rich bank account.


Can you apply to freeze your daughters bank account?

Sometimes, for example if you hold the main account then probably. But if the account is hers, and only hers (no cosigner) then probably not.


Can a bank hold a 401k check?

The fact that it is a 401k check is irrelevant in determining a hold. It depends on your account history, the bank the check is drawn upon (same bank as yours or another bank; local bank or non-local bank), and whether the bank feels it would have other reasons to hold the check as permitted by government regulations.


What are the examples of contra voucher?

# Cash account to Bank account # Bank account to Cash account # Bank account to Bank account


Can a hold be put on a check after it is deposited in another account?

Yes - If your bank has not yet paid the cash No - If your bank has already paid the cash