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What is it called when two or more people share a bank account?
Wiki User
∙ 15y ago
A joint-account
Wiki User
∙ 15y ago
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Can a bank reject a subpoena for savings account records?
No, they cannot. A subpoena is a legal request from law enforcement authorities which has to be obliged by all people to whom it is served. In this case, a bank has to oblige and share the savings account records of the customer who is mentioned in the subpoena. However, without a subpoena, the bank cannot and will not share customer details with others.
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.
Is saving account a bank account?
If you have a savings account at a bank, then it is a bank account. If you have it in another kind of institution, such as a Credit Union or Savings and Loan, then it is not a bank account, although some people use the term "bank account" loosely and apply it to any savings account anywhere.
How do you journalize entries for the stock issuances?
Debit Cash / bank Credit share capital account
What is the amount of money in an account called?
It is called a bank accounts balance
What is a banks customer's share of the profit made on loans?
The bank customer's share of profit made on loans by the bank is called the "interest." It is the money the bank pays the customer for having their money deposited with the bank. As you know, the bank earns an interest income from loan customers for the money they lend them, and since this money they lend is taken from the deposits placed by customers, banks share the profit by paying interest to the customer who has placed the deposit with them.
How do you account for Issued Share Capital?
[Debit] Cash / bank xxxx [Credit] Share capital account xxxx
What is bank customers share of the profits made on loans?
Savings account interest is the bank customer's share of the profits made on loans.
Can a bank share your checking transactions with your spouse if they are not on the account?
NO THEY CAN NOT THEIR NAME HAS TO BE ON IT
When two people open a bank account together you call it a?
It is called a joint account. A joint account is one when two or more people agree to operate a bank account in a joint/collective manner and are together responsible for the activities in the bank account. One party can carry on with transactions in the account with or without the knowledge of the other holders of the account
Can a bank reject a subpoena for savings account records?
No, they cannot. A subpoena is a legal request from law enforcement authorities which has to be obliged by all people to whom it is served. In this case, a bank has to oblige and share the savings account records of the customer who is mentioned in the subpoena. However, without a subpoena, the bank cannot and will not share customer details with others.
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.
The amount of money in a bank account is called what?
account balance
Is saving account a bank account?
If you have a savings account at a bank, then it is a bank account. If you have it in another kind of institution, such as a Credit Union or Savings and Loan, then it is not a bank account, although some people use the term "bank account" loosely and apply it to any savings account anywhere.
Are Bank customers are considered creditors?
It depends. Yes - If they have deposited money into their accounts held with the bank, they are called creditors No - If they do not have any money deposited in their account with the bank. Instead if they are loan customers they are called debtors (or people who owe a debt to the bank)
How do you journalize entries for the stock issuances?
Debit Cash / bank Credit share capital account
Can you transfer money on Memorial Day if you share the same bank account?
If your bank allows you to transfer money, then you can transfer money. If they're closed (and most banks are closed on Memorial Day), then it's going to be difficult, but you may be able to do it at an ATM or online. It's not clear what you mean by "if you share the same bank account". Transferring money from one account to the same account is kind of a null operation.
