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What is an order directing the bank to pay money?
An order directing the bank to pay money is typically referred to as a "payment order" or "payment instruction." This can take various forms, such as a check, wire transfer, or direct debit authorization, where the account holder instructs the bank to transfer a specified amount to a designated recipient. Such orders must comply with banking regulations and the terms of the account agreement. The bank is legally obligated to execute the payment as long as sufficient funds are available.
Can you get in trouble opening a bank account for someone else?
Yes you can. It is illegal to open a bank account for someone else unless they have given a written legal power of attorney to you.
What information do I need to provide in order for someone to wire me money?
In order for someone to wire you money, you typically need to provide your full name, the name of your bank, your bank account number, the bank's routing number, and possibly additional information such as your address or phone number.
Can someone find out if you have a bank account?
Yes, someone can find out if you have a bank account by accessing your financial records through legal means, such as obtaining a court order or subpoena.
What is a written set of instructions that tells a bank how to use money to pay someone?
a check
Who do you contact if someone has written you a bad check?
The police? His/her bank? Him/her?
Can I deposit my money order into someone esle's bank account?
No. first of all, a money order can be deposited into the bank account of the person to whom it has been written to. Second of all, even if the bank teller accepts it by mistake, it will not be cashed. The money order will be returned and no money will be paid. So, doing so would be a waste of time.
How can you find out about a savings account in first national city bank?
That depends on whose account it is. If it is yours, call the bank. If it is someone else's, you would likely need their written permission, a power of attorney, or a court order.
What is an order directing the bank to pay money?
An order directing the bank to pay money is typically referred to as a "payment order" or "payment instruction." This can take various forms, such as a check, wire transfer, or direct debit authorization, where the account holder instructs the bank to transfer a specified amount to a designated recipient. Such orders must comply with banking regulations and the terms of the account agreement. The bank is legally obligated to execute the payment as long as sufficient funds are available.
How do you remove someone else's name from a bank account?
A person will need to check the bank's requirements in order to remove someone from a bank account. The primary person will need to contact the bank and will most likely have to go to the main bank branch.
Can you get in trouble opening a bank account for someone else?
Yes you can. It is illegal to open a bank account for someone else unless they have given a written legal power of attorney to you.
What does cheque means?
a written order directing a bank to pay money
What information do I need to provide in order for someone to wire me money?
In order for someone to wire you money, you typically need to provide your full name, the name of your bank, your bank account number, the bank's routing number, and possibly additional information such as your address or phone number.
Can someone find out if you have a bank account?
Yes, someone can find out if you have a bank account by accessing your financial records through legal means, such as obtaining a court order or subpoena.
Where can I find a copy of a blank bank money order?
You cannot find a copy of a blank money order without visiting your bank or a licensed money order facility. Money orders are typically written out by an employee of a bank.
What is a written set of instructions that tells a bank how to use money to pay someone?
a check
What is a payable order?
A payable order is a financial instrument or document that instructs a bank or financial institution to pay a specified amount of money to a designated recipient. This order can take various forms, such as a check or a promissory note, and is typically used in transactions where one party owes money to another. The order must be properly signed and may include details like the payment amount, date, and payee information. Once issued, the recipient can present it to the bank for payment.
