0
What else can I help you with?
What is a kind of check guaranteed by a bank?
While personal checks and money orders are not guarranteed by banks, a cashiers check is. A cashiers check is written by a financial institution/bank on its own funds. The check is then signed by a representative of the financial institution/bank and made payable to a third-party. A cashier's check is secured, with the funds being guaranteed, because the amount of the check must first be deposited by the individual into the issuing institution's own account. The person or business to whom the check is made out will receive the funds no matter what.
How long must a financial institution hold a vehicle after repossession before it can be disposed of?
im Missouri it is 10 days after repo, the title can be filed for repo by institution.
What are the requirements for lending loans from your financial institution?
To borrow a loan from our financial institution, you must have a good credit score, stable income, and provide collateral or a co-signer. Additionally, you need to fill out an application and meet our lending criteria.
What the various methods used for financial restructuring?
Various methods for financial restructuring include selling off a subsidiary, asset back financing, and secularization of funds. A company's financial structure must be changed during financial restructuring.
What do you mean by financial institution department?
An establishment that focuses on dealing with financial transactions, such as investments, loans and deposits. Conventionally, financial institutions are composed of organizations such as banks, trust companies, insurance companies and investment dealers. Almost everyone has deal with a financial institution on a regular basis. Everything from depositing money to taking out loans and exchange currencies must be done through financial institutions.
Where can I find a financial institution that has/accepts high yield bonds?
Most banks in this economy will turn you down when it comes to the high yield bonds, due to the risk they must take. Your best bet is to check with your current financial institution, and they might accept these with a savings account as insurance.
When a financial institution blocks transactions it must report the blocking to OFAC within how many days of the block?
When a financial institution blocks transactions, it must report the blocking to the Office of Foreign Assets Control (OFAC) within 10 days of the block. This requirement ensures that OFAC is informed about potentially sanctioned transactions in a timely manner for compliance and enforcement purposes.
Can you transfer a sep IRA into a simple IRA?
Yes, you can transfer a SEP IRA into a SIMPLE IRA, but it must be done in compliance with IRS rules. The transfer is typically treated as a rollover, and you must ensure that the funds are moved directly between the two accounts to avoid tax implications. Additionally, both accounts must be held by the same financial institution or done as a trustee-to-trustee transfer. It's advisable to consult a financial advisor or tax professional to understand the implications and ensure proper handling of the transfer.
How do you access my spouses chacking accounts?
At my financial institution, you must be listed as an owner of the account in order to obtain any financial information. If your spouse is the sole owner of the account, the bank should not tell you anything.
How do you buy stock and bonds?
In order to purchase stocks or bonds, a brokerage account must be opened with a financial institution or bank. Once an account application is completed and approved and funds deposited into the account, trading of stocks or bonds can easily be done either by phone or the internet. Examples of some of the largest financial institutions in the world that a brokerage account can be opened with are Merrill Lynch, Fidelity Investments and the Vanguard Group.
What is the minimum balance that must be paid in order to avoid accruing interest on the account?
The minimum balance that must be paid to avoid accruing interest on the account is the amount specified by the bank or financial institution.
What is a doorstep loan and how can you apply for a doorstep loan?
"Doorstep loans are loans that are repaid to a financial representative that collects by coming to your home each week. This is opposed to sending a payment to a financial institution. In order to apply for a doorstep loan, you must first find a financial institution that offers this highly specialized loan. Then, you fill out an application and wait for a representative to contact you with further information."
