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Can you go on your dads driving insurance but make the money come out of your bank account?
Most likely that would be more work than the insurance company would care to deal with.
A better soution:
Setup automatic payments to your dad's bank account from yours (your bank should offer a service like this), if not Wells Fargo does.
What else can I help you with?
What happens if you have a wreck without auto insurance and still money to the bank?
You'll be ticketed for driving with an invalid registration and driving without insurance, and you still owe that money to the bank.
What is a 401 unauthorized type of bank account?
A 401 unauthorized type of bank account is a bank account that is not insured by the FDIC. Which is the Federal Deposit Insurance, which is an insurance company that guarantees that if the bank goes under you will still be able to access any money that was deposited into the account.
Do you have to have insurance?
You must have auto insurance in all states. If you don't, you are irresponsible and probably shouldn't be driving in the first place. Some states allow you to not carry insurance if you can prove you have a certain amount of money in the bank, i.e. Iowa will give you financial responsibility with a locked bank account containing $100,000.
Does a bank have insurance on my money?
If your bank is FDIC insured then your deposits are covered by the US government. Each account will have a maximum insurance limit which changes from time to time.
What happens to your money when a bank fails?
When a bank fails, the money in your account is typically protected by the government up to a certain limit, usually around 250,000 per account. The government insurance program, called the Federal Deposit Insurance Corporation (FDIC), ensures that depositors do not lose their money in the event of a bank failure.
How does government sponsored deposit insurance affect your decision deposit money in a bank?
If the deposits in one bank are insured by the government sponsored deposit insurance whereas, in another bank this insurance is not available, it means that in case the first bank goes bankrupt, the government will give me my hard earned money that I put into my account with that bank, whereas it won't do anything if the other bank that does not have deposit insurance goes bankrupt and I stand to lose my hard earned money. So, I will deposit my money only in a bank that has the FDIC insurance on deposits available.
How long can a insurance company request refunds?
If you received money that you were not entitled to and you deposited the insurance check into your bank account and the money was a payout from an insurance claim, the insurance company can swipe the money out of your account without your prior knowledge for up to 3 years. If you received money as a result of a criminal act, the statute of limitations for that crime would guide the insurance company's timeline.
Can you get car insurance without a bank account?
Yes. Having a bank account is not a prerequisite for obtaining auto insurance coverage.
How does FDIC insurance work?
The FDIC provides to $200,000 of insurance per bank account. This means that if the bank goes under, you will still have your money. If you have more than $200,000, you will need to put in in multiple bank accounts.
Can I wire money from my bank account to another account?
Yes, you can wire money from your bank account to another account.
How do you put money on an account?
Walk into an ATM and deposit the money into your bank accountWalk into the bank branch (any bank that you have an account with) and deposit the money into your bank account
How you get interest rate?
First you need a bank account and money you put the money in the bank account, wait for a year or two and then you get more money in your bank account
