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What else can I help you with?
Can an employer legally withdraw money from your bank account without your permission?
No, an employer cannot legally withdraw money from your bank account without your permission.
Can a bank legally take money from your account without your permission?
In certain situations, such as outstanding debts or fees, a bank may have the legal right to withdraw money from your account without your explicit permission.
Why do bank charges fine on insufficient balance when they know there is not enough money?
Because, as per the account opening agreement, you are bound to maintain a certain amount of money in your account, failing which the bank is legally entitled to charge the fine.
Can I wire money from my bank account to another account?
Yes, you can wire money from your bank account to another account.
Can a bank legally refuse to close your account?
Yes, a bank can legally refuse to close your account if there are outstanding fees, suspicious activity, or other valid reasons outlined in the account agreement.
Can your parents legally withdraw money from your bank account without your permission?
No, in most cases, parents cannot legally withdraw money from their child's bank account without permission once the child turns 18.
Can an employer legally withdraw money from your bank account without your permission?
No, an employer cannot legally withdraw money from your bank account without your permission.
Can my parents transfer money to my bank account?
Yes, your parents can transfer money to your bank account if they have the necessary information to do so, such as your account number and the bank's routing number. They can typically do this through online banking, mobile banking, or by visiting a bank branch.
Your parents and you had a joint bank account they died who does the money belong to?
A joint bank account belongs to the surviving owner.
Can a bank legally take money from your account without your permission?
In certain situations, such as outstanding debts or fees, a bank may have the legal right to withdraw money from your account without your explicit permission.
What is a children's bank account?
A children's bank account is usually a custodial savings account. This type of savings account allows parents to save money for their children's futures.
What if a custodial parent waived support and now years later wants it?
Be prepared to pay. Children are legally entitled to the financial support of both parents. Even if the custodial parent doesn't "need" the money, it should be placed in a bank account for the child to be used for college, career training, a car, etc.Be prepared to pay. Children are legally entitled to the financial support of both parents. Even if the custodial parent doesn't "need" the money, it should be placed in a bank account for the child to be used for college, career training, a car, etc.Be prepared to pay. Children are legally entitled to the financial support of both parents. Even if the custodial parent doesn't "need" the money, it should be placed in a bank account for the child to be used for college, career training, a car, etc.Be prepared to pay. Children are legally entitled to the financial support of both parents. Even if the custodial parent doesn't "need" the money, it should be placed in a bank account for the child to be used for college, career training, a car, etc.
Can your bank take your money and close the account because of inactivity?
They can close your account because of inactivity but they cannot take your money. If you go to them and submit a written request, they are legally bound to return your money. And, that is if, there is anything left in your account after subtracting the charges the bank may charge you for keeping your account inactive.
Why do bank charges fine on insufficient balance when they know there is not enough money?
Because, as per the account opening agreement, you are bound to maintain a certain amount of money in your account, failing which the bank is legally entitled to charge the fine.
What age are you legally allowed a bank account?
You may solely own a bank account whenever you turn 18 or are legally able to contract with the bank. Otherwise, your parent or guardian will have to be on the account with you and accept responsibility for the account.
Can your parents still have control over your bank account after you turn eighteen?
If they are signers on the account, yes. It is not a good idea to have an account with them once you are 18. Get your own and have them remove you from the old one.
How does a fatcat account work?
A Fat Cat Account is a bank savings account designed for children. The parents can open the Fat Cat account for the child, then help them learn about saving money and using a bank account.
