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ATF on a bank account typically stands for "as trustee for." It indicates that the account is held by one party in a fiduciary capacity for the benefit of another party, often used in trust or estate management contexts. This designation clarifies the relationship and responsibilities between the trustee and the beneficiary regarding the funds in the account.
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What does bank account holder mean?
its a type of bank account where the name of the account holder is kept secret.
What Does Bank Account Name mean?
It is the name of the account holder
What does TTEE mean on a bank account?
Trustee
What does bank account is purge able mean?
purgeable
What does it mean to credit an account?
a/c in entry in the bank.....
Can a atf on a bank account take money out?
An Authorized Signer (ATF) on a bank account typically has the authority to make transactions, including withdrawing money, but this depends on the specific permissions granted by the account holder. However, an ATF does not have ownership rights to the funds; they are still considered the property of the account holder. It's essential to clarify the terms of the agreement with the bank, as policies may vary. Always check with your bank for precise details regarding the powers of an ATF on your account.
What does ATF mean on a bank statement?
Could be "as trustee for"
What does ITF internal transfer of funds mean on a bank account?
what does itf mean on a bank account
What does relationship bank account mean?
A relationship bank account does not use money...
What does bank account holder mean?
its a type of bank account where the name of the account holder is kept secret.
What does TR FOR mean on a bank account?
The meaning of TR on a bank account is asset based financing.
What Does Bank Account Name mean?
It is the name of the account holder
What does Bank balance mean?
It means how much money you have in an account at the bank.
What does CR mean on a bank account?
credit
What does TTEE mean on a bank account?
Trustee
What do you mean by Electronic Clearing System?
It is type of one bank account fund transfer to another bank account
What does wow mean on a bank statement?
it mean aprined record of the money put into removed from a bank account
