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money in a bank account, when u put money into an account it is called a deposit.
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Can the State of New York or the IRS take money from a bank account that is not a joint account to pay for a spouse's back taxes if the one who has the account does not owe taxes?
No. If it is not joined then it is your money, not your spouse's(e.g if she owes too much tax she will be placed in jail.(jail=time=money) it will be her time=money not yours that will suffer the consequences..., . Only joint accounts allow the IRS/State to do this though.
When you deposit money to 1 account is it a debit or a credit?
it is a credit. Depositing money into an account is putting money in.
What is the process by which banks record whose account gives up money and whose account receives money?
Check clearing is the process that banks utilize to record the account that the money originates from as well as the account the money is received at.
What is it called when you put money in your account?
When when you put money in your account it is called "making a deposit."
Where establishment expenses must placed in final account?
assets
What is the Money placed in a bank?
Money placed in a bank account
How will i receive my money if placed the wrong account number on my income tax?
Resubmit. The money will be removed from the incorrect account by the government and replaced into the correct account.
If a bank customer has an individual account and they die and their will states that funds pass to a trust can the executor close the account?
Yes, they can close the account. The money will then be placed as directed by the will.
If a debt collector takes money out of your account before the date that you agreed upon can you have the money placed back into your account?
yes.reason is that if the debt collector return the money in question, you can as well pay it back into your account.thank you
Money placed in an insured bank account so that it will be available for future emergencies is referred to as .?
Savings
If an individual deposited money into a bank account and placed someone else as a signer to that account can the signer draw funds off the account without first asking the owner?
You can put my name on the account and I'll try that theory out for you. Make sure its good money
What does a no debit status mean on an account and why would it be placed?
A "no debit" status is simply a block placed on a bank account to stop all transactions where money would go out of the account. All future ATM transactions, attempted debit card transactions, recurring payments, checks, etc. will be blocked. In other words, money can go IN the account, but not OUT.A no debit status could be placed for several reasons... Suspected fraud, a mistake in a payment arrangement where more money is being debited than agreed upon, etc.Most banks require that you go in to your local branch to have the no debit status placed on your account, and also to have the status lifted.
Where does the money come from when you buy something on the computer?
The money comes from YOU. In order to make a purchase using a computer, you need a bank account (or a paypal account) into which you have placed YOUR money. When you make the purchase the suppliers' (shops') computers talk to your banks computer and (with your authorisation - you have to know your ID number, password/pin) takes money from your account and gives it to the shop.
Will I be notified of a bank levy placed on my account?
That depends upon the laws of the state where you reside or where the bank account is. Normally, when a levy is placed on a bank account, the account is frozen and the account owner is given a certain amount of time to go to court to prove that the levy should not have been placed on the account. The money in the account will not be turned over to anyone until the court orders it. If the account owner fails to make an objection in court within the stated time period, the bank is allowed to assume that the owner has no objection and turn the account funds over to the creditor.
Can the State of New York or the IRS take money from a bank account that is not a joint account to pay for a spouse's back taxes if the one who has the account does not owe taxes?
No. If it is not joined then it is your money, not your spouse's(e.g if she owes too much tax she will be placed in jail.(jail=time=money) it will be her time=money not yours that will suffer the consequences..., . Only joint accounts allow the IRS/State to do this though.
Will you have to pay tax on money placed in your checking account belonging to someone else?
You will if you get whats called a deposit audit from the IRS. I have had this problem in my past. Document where from and who to.
How do I get money from an account at barnett bank?
If it's your account, you go in and ask them to give you your money. If it's not, then you don't get money from that account.
