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It means that the bank account under consideration did not have any money in it. For example you have only $100 in your account and you are trying to withdraw $250 from an ATM, you will get a message saying "Transaction Declined due to lack of funds" it means that you dint have enough balance in your account so we can't pay you.
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If your daughter's name is on your checking account and she is filing bankruptcy will your checking account be involved in any way?
It is likely the account will have to be partitioned; meaning the parties will need to show proof to the BK trustee of the amount of funds belonging to each account holder.
Can a creditor freeze your bank account although im on social security?
Social Security funds are protected against a lien on your checking account. However you will have to prove that the funds in your account are from Social Security. If there are other funds "commingled" then unprotected funds may be seized
Can a bank move your funds from one account to another without your permission?
No. It is your account and the bank cannot move funds from one account to another without your approval or rather without you asking them for it.
Can the named ITF withdraw the bank account funds?
No the person can not transact on the account.
Who gets the remaining funds in an estate account?
The estate account is closed and any remainding funds would go to the remainderman. That is the person or persons that get what is left over.
What is the meaning of a card scanner?
The meaning of a card scanner, or card reader is to read data on the inserted card and link it to ones personal account such as a credit account or a banking account. The purpose of the scanner is so that the user can have secure access to their funds.
What is the meaning of By Transfer in ATM ministatement?
It means that, instead of paying something in person, funds were transferred electronically from one account to another. For example - suppose you wanted to pay a bill. Rather than withdraw the funds in cash from your account - and pay the bill in person, you can electronically transfer the money from your account to the account of the company who's bill it is.
When freezing an account does it stop funds going in?
no - only stops funds from leaving your account you can still deposit
How do you verify funds available from a checking account?
Get the account number, call the bank and ask to certify funds available.
If your daughter's name is on your checking account and she is filing bankruptcy will your checking account be involved in any way?
It is likely the account will have to be partitioned; meaning the parties will need to show proof to the BK trustee of the amount of funds belonging to each account holder.
What if you wrote a check without having the funds in account but by the time check cleared the funds were in the account?
If you wrote a check when you had no funds in your checking account but had funds by the time the check hit the bank, you are fine. Sometimes it can take a check three days to clear, but not always.
Can a creditor freeze your bank account although im on social security?
Social Security funds are protected against a lien on your checking account. However you will have to prove that the funds in your account are from Social Security. If there are other funds "commingled" then unprotected funds may be seized
What will allow you funds from your checking account?
Deposits that you put in the account.
What is the meaning of the term 'chargebacks'?
The meaning of the term 'chargebacks' is usually when a customer get a return of their funds which is normally done by the customers own bank. It can also be used if there has been fraudulent use on your account.
What are the risk's of depositing your money in someone's bank account?
Once you deposit your funds into another individuals bank account, those funds are no longer yours. You can not get your money back unless the owner of the account withdraws the funds and decides to give them to you. I recommend getting your own bank account.
How do you spell bum cheks?
The slang term is spelled "bum checks", meaning checks (drafts) that are written without sufficient funds in the account to pay them.
What account is credited when electronic funds transfer is used to pay cash on account?
business account
