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What else can I help you with?
Can a bank move your funds from one account to another without your permission?
No. It is your account and the bank cannot move funds from one account to another without your approval or rather without you asking them for it.
Can you transfer a balance to another person?
Yes, you can transfer a balance to another person by initiating a transfer of funds from your account to their account.
What is it called when you move money from 1 bank account to another and another?
Transfer funds
Is bank allowed to transfer funds from one account to pay overdraft on another?
Banks can transfer funds from one account to another with your permission. Many banks have this option available to you when you open your account/s. Check with your financial institution.
What is banking an example of?
Wiring funds from one account to another -APEX
What are the risk's of depositing your money in someone's bank account?
Once you deposit your funds into another individuals bank account, those funds are no longer yours. You can not get your money back unless the owner of the account withdraws the funds and decides to give them to you. I recommend getting your own bank account.
Can a poa withdraw funds when grantor is on an account with another person?
Yes, a Power of Attorney (POA) can withdraw funds from an account if the grantor has granted them that authority. However, if the account is a joint account with another person, the ability to withdraw funds may depend on the terms of the account and the permissions granted to the POA. It's essential to check the specific stipulations of the account and the POA document to ensure compliance with legal and financial guidelines.
Can you transfer funds from one bank to another?
Yes, through PayPal. Sign up for a free PayPal account and upload the funds from your bank. Add the other bank to your account and withdraw the uploaded funds to your other bank.
Which of the floowing is an example of electronic banking?
Wiring funds from one account to another -APEX
What is the appropriate account title for transfer of funds to another banks?
Investment Cash in Bank
Is it safe to put money in Amtrust?
No, Amtrust is no longer around due to filing chaper 11 in 2009. Funds were transfered to another bank in New York City.
Is your brokerage account insured if your broker fails or goes bankrupt?
Not really insured, but you still own whatever stocks, bonds, or mutual funds you are invested in. I believe that custody of the certificate would pass on to another firm. It would be like if your insurance agent went broke, you would still have coverage from the parent company and your policy would be transfered to another agency.
