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the simple reason is money laundering and identity theft. Banks now must ensure they comply with strict guidelines in opening new accounts. Whereas before you cold go into a bank and open an account now it may take a few days if not more to open an account, regardless if your known to the bank or not. The bank is required by international banking law to ensure that you are who you say you are and that you do not intend to use the bank account to deposit money in to it that may have been gained by illegal means.
What else can I help you with?
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
How you get interest rate?
First you need a bank account and money you put the money in the bank account, wait for a year or two and then you get more money in your bank account
Can you reopen a bank account that's been closed?
No. Once a bank account is closed, the account number remains unused by the bank for seven or more years (it varies by individual bank). You may reopen a new account with the same bank, provided the first account was not closed by the bank for improprieties perpetrated by you.
How do you have a joint bank account?
You can have a joint bank account when two or more individuals especially in a partnership business opens an account with the firm name and have more than one signatures.
Can i have more then 10000 in your bank account?
Yes.
What are the disadvantages of having an offshore bank account?
One of the disadvantages to having a offshore bank account is that you have to choose your jurisdiction carefully. Another disadvantage to having a offshore bank account is that its much more difficult solving issues with your bank account.
What is it called when two or more people share a bank account?
A joint-account
Can you open a joint bank account with someone who has committed bank fraud?
A joint bank account with someone who has committed bank fraud. This question could have a more coherent approach.
Can we open a bank account in uk from pakistan?
Yes, it is possible to open a bank account in the UK from Pakistan. You will need to contact a bank in the UK for more details.
How much is in the account?
It is not possible to know how much is in the account without more information. If this is regarding a bank account, it is recommended that you contact said bank for the exact amount.
How do you divide a joint bank account?
A joint bank account is something that is owned/controlled by more than one person. So, to divide a joint bank account, the joint account holders have to come to an agreement as to who will be the sole owner of the account. Then, they must visit the bank and submit a written request. The bank will change the account to a single owned account after receiving the No Objection Letter from the other holders of the account.
How do you register more than one account in us bank?
You go to bank and open another account like you did the first time.
