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Why would your bank not allow you to take money when you have funds in your account?
Wiki User
∙ 15y ago
Most likely scenario if the banks computers are not malfunctioning is that someone or some agency has frozen your account preparation for recovery of a debt. I am not certain, but I believe in most cases the bank is required to notify you of the disposition of your account. The only situation where this might not be so is in the event you are under investigation by the state or federal government.
Wiki User
∙ 15y ago
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Why do banks charge a fee on insufficient fund?
Because there is paperwork to do, to inform you that there were not sufficient funds in your account, and this costs the bank money, so banks are in the business of making money, this would represent a loss to them of funds, which they pass on to you.
Can you withdraw money in the bank with the emerald card form h an r block?
The Emerald Card can be tied to a bank account if you like so that you can move money from your bank account into the Emerald Card account. This would allow you access to withdraw funds using the Emerald Card. Some people also use the Emerald Card as a bank account and receive their payroll, social security, retirement, or government benefits direct deposited into their Emerald Card account. There are many things you can do with the card including depositing funds onto it for later use and it pays interest as well.
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 funds are exempt form bank account garnishment in Indiana?
If it is a joint account, the funds belonging to the non debtor are exempt but he or she must provide proof to the court that they are entitled to those funds. Other exempted money would be all SS benefits and public assistance funds, military and federal government pension benefits, and in most cases funds from private pensions. This does not apply to a bank levy that is a result of child support obligations or tax arrearages.
Why would someone need your user name and password to your online banking account to deposit or transfer funds to your acct?
Your name I understand, but your password you should never give out. Once they have that they can do anything with your acct.. They should not need a password to deposit or transfer money, unless they are taking out. If you gave it out, I would recommend changing it right away. You shouldn't be sharing your password with anyone. Your account number and full name is all that is required to transfer or deposit money into your account. If you shared your user name and password with anyone for deposit of funds, it means you have been cheated and contact the bank ASAP to lock your online banking account to ensure safety of your funds.
What happens to the money if you close an account and forgot there was money in there?
Actually such a scenario wouldn't occur. When a bank account is closed, the bank would release all the funds held in that account to the account holder on the same day the account is closed. Even if they can't do it immediately, they would have sent a check to the customer by post/mail. Banks cannot hold on to the funds of a bank account that was closed. It is mandatory for them to return the funds to the customer once his account is closed.
Is a savings account or CD better for putting money into?
A savings account would still allow you access to those funds. However, if you please your money in a CD it can gain interest that is compounded daily, but you cannot cash in the CD before it's due date without risking cost to you.
Is it possible to transfer money from one bank to another when the account holder is dead?
No. The bank will not accept any transactions on a dead persons account. The only thing the bank would allow is: Withdrawal of the funds from the dead persons account by his legal heir. Apart from this no other activity would be allowed on a dead persons account by the bank.
Can you transfer money from the U S Bank Of America to a Brazil account?
Yes, you can transfer money from a Bank of America account in the United States to an account in Brazil. You would perform what is called an international wire transfer of funds.
Does playstation network money transfer to all profiles on the system?
The money is tied to your PSN account, and not the system itself. If you logged into a different device, then the funds would be available. If you logged into a different account on the same device, that would have its own seperate funds, 0 unless you've added anything specifically.
What happens if you do not have enough money in your checking account to cover the amount of the check you wrote?
If you do not have enough money in your account, the cheque would bounce. Which means your account does not have sufficient funds to honour the cheque you issued to somebody. In this situation the bank would return the cheque to the person who deposited informing that there is not enough funds. Also the bank would charge you a penalty fees for issuing cheques without enough funds in your account. Now, the person who received the cheque from you can file a legal complaint on you and you can be jailed for issuing such cheques.
Why do banks charge a fee on insufficient fund?
Because there is paperwork to do, to inform you that there were not sufficient funds in your account, and this costs the bank money, so banks are in the business of making money, this would represent a loss to them of funds, which they pass on to you.
Can you withdraw money in the bank with the emerald card form h an r block?
The Emerald Card can be tied to a bank account if you like so that you can move money from your bank account into the Emerald Card account. This would allow you access to withdraw funds using the Emerald Card. Some people also use the Emerald Card as a bank account and receive their payroll, social security, retirement, or government benefits direct deposited into their Emerald Card account. There are many things you can do with the card including depositing funds onto it for later use and it pays interest as well.
What happens when a bank closes a checking account and freezes funds before notifying you How do you get your money back?
When a bank closes a checking account and freezes funds without prior notice, it could be due to suspected fraudulent activity or failure to comply with account terms. To get your money back, you would need to contact the bank's customer service or visit a local branch to understand the reason behind the account closure and freezing of funds. Follow their instructions and provide any necessary documentation or proof requested to resolve the issue and potentially access your funds again.
What can happen if you write a check and there is no money in the account?
# The cheque would bounce # The bank would charge you penalties for issuing cheques without sufficient funds # The person to whom you gave the cheque may sue you for issuing cheques without funds.
If your name is on someone else's bank account are you entitled to that money?
If you are an equal co-owner of the account, then yes. However, if you are listed as an account beneficiary, then only upon the death (or incapacitation) of the primary account holder would you be entitled to the funds or control thereof.
I WOULD LIKE TO KNOW WHAT WOULD I HAVE TO DO TO PUT IN FOR MY 401 MONEY.?
Every account is different,but generally funds can be withdrawn to pay for a first home purchase,or to pay for continuing education.
