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Continue Learning about Accounting

What is a disadvantage of a joint account?

The disadvantages of having a joint account areEither party can operate the account without the knowledge of the other partyThe bank cannot be liable to entertain claims when one party withdraws money without the knowledge of the other


What benefits are there in having an online checking account?

There are quite a few benefits to having an online checking account. For one, there is no need to balance your check book because all transactions are displayed in real time online. Also, one can use an online checking account to pay all monthly bills or send checks to people without have to be physically present or having to pay postage.


Can you know your remaining account balance without having an account in net banking?

Yes. You can go to the bank and ask, telephone or write to the bank. You can look at you last statement and deduct what you have spent from the total shown.


If you hqve a checking account in an overdraft condition can you open another account in another bank without having the account attached to the first account?

Yes, you will be able to open another bank account at a different institution until the bank account that is in overdraft decides to report you to check systems. Once you are reported to check systems as having owed a bank via a checking account, it is very hard to get off of it and that may prevent you from opening a bank account pretty much anywhere. Most banks check check systems.http://paymenttransactionsystems.comhttp://merchantpos.net


What are the Disadvantages of having a bank account?

The disadvantage of having a bank account is that one day your bank might go bankrupted also there are time your bank account may be frozen.

Related Questions

Where can you get a loan in Dubai without having an account?

One cannot get a loan in Dubai without having an account. The best bet is to open an account and then apply for the loan after the account has been open for a few months.


How do you get twitter on your phone without having an account?

you can not


Can you subscribe to a YouTube account without a YouTube account?

No. Sort of, depending on what you mean by Account. You can actually subscribe before having a user Channel. But there is a difference between having a Channel, and having an Account.


Can you communicate with people on MySpace without having an account?

no............


Can you send a message on facebook without having an account?

NO.


Can you contribute to a Health Savings Account (HSA) without having earned income?

No, you cannot contribute to a Health Savings Account (HSA) without having earned income.


Can you browse on Twitter and be private?

You can browse without having an account.


Can you buy things off of EBay without having an account?

No.


Is it possible to make a payment through PayPal without having an account?

Yes, it is possible to make a payment through PayPal without having an account by using the guest checkout option.


When you download a game off of steam can you download the game with the same user but on a different computer without having to pay for it again?

You should be able to, as the purchase will be linked to your steam account, not to the computer you were on.


Can you tweet someone that has a twitter account without having a twitter account yourself?

no because you don't have a twitter account yourself


How do you get to prestige ten on MW2 without having to prestige?

without modding or buying an account, you cant