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It Depends:
Yes - If you have defaulted on your loan repayments to the bank and there were some fresh funds deposited into your account after a long time
Yes - If you were involved in illegal activities like money laundering, drugs, etc.
Yes - If there is a court order to block your account
If you don't come under any of the 3 above mentioned categories, then the bank cannot close your account and hold your money.
What else can I help you with?
How long does a large check take to clear?
It depends on your bank and how long they think they can hold YOUR money before you get upset and close your account and move your money to another bank. Don't forget that Bank of America's CEO Brian Moynihan stated that his bank has a right to earn a profit. They are in business to make money, which they do off of your money. And to provide customers with timely service is somewhat of an afterthought these days. The longer they hold your money, the more they can make.
How does Signature Bank compare to other banking companies?
"Signature Bank is the same as every other bank, you can start an account there, savings or checkings. They keep your money and charge you to hold on to it."
If the school send refund check to student Wells Fargo bank account around 9am what time the bank will received it?
When a school sends money to a bank the bank usually gets it the same day. Sometimes the bank will hold the money a few days.
Can a debit card hold 20000?
A debit card has no limit - except the amount of money in the bank account that's linked to it.
How do transfer money from Africa bank to American bank and if it is a deposit which state unexpressed transfer of funds what does that mean?
Hold on there Bucky! This sounds like a scam. Contact your bank for legitimate stuff. Nobody is going to send you money from Africa. But they will empty your bank account for you.
How does one hold a bank account?
To "Hold" a bank account is the same as having or owning a bank account. If one has a savings account, they hold that account.
What happens to the money if you close an account and forgot there was money in there?
Actually such a scenario wouldn't occur. When a bank account is closed, the bank would release all the funds held in that account to the account holder on the same day the account is closed. Even if they can't do it immediately, they would have sent a check to the customer by post/mail. Banks cannot hold on to the funds of a bank account that was closed. It is mandatory for them to return the funds to the customer once his account is closed.
How long does a large check take to clear?
It depends on your bank and how long they think they can hold YOUR money before you get upset and close your account and move your money to another bank. Don't forget that Bank of America's CEO Brian Moynihan stated that his bank has a right to earn a profit. They are in business to make money, which they do off of your money. And to provide customers with timely service is somewhat of an afterthought these days. The longer they hold your money, the more they can make.
What if someone pays money into your account that is fraudulentare you responsible to pay it backis the bank allowed to hold on to your money?
Yes. You are responsible for any money that is present in your account. If you feel some transaction (a deposit) has happened in your account which you are not aware of, you must notify the bank of the same. If you happen to hold on to this money and it so happens that this money was being used by terrorists and they put it into your account by mistake, you will also be in trouble. So it is better if you intimate the bank reg. this.
What is an example of interest-bearing account?
An Interest bearing account is a bank account in which, the banks pays you an interest for keeping your money deposited in that account. Ex: Savings Bank Account - You usually get around 3.5% rate of interest on the money you hold in your savings account in India.
Can you keep money deposited into your bank account by mistake?
You are responsible for any money that is present in your account. If you feel some transaction (a deposit) has happened in your account which you are not aware of, you must notify the bank of the same. If you happen to hold on to this money and it so happens that this money was being used by terrorists and they put it into your account by mistake, you will also be in trouble. So it is better if you intimate the bank reg. this.
Will bank hold the wire transfer fund if account number is mistaken added by extra digits?
It Depends. If there is a valid bank account including the extra digits you put in by mistake, funds will be transferred to that account. The bank will not take any liability out of this wrong transaction that arose out of your mistake in entering the account number incorrectly. But, if there is no valid account with those numbers then the transaction will be cancelled and the money will be deposited back into your account. If by chance, money got deposited into the wrong account, you have to file a legal complaint to get your money bank. The bank can only provide details of to whose account the money was deposited and will not help you out to get the money back.
Can you open another bank account if your business account has a hold on it?
As long as the bank that has the hold hasn't reported you to chex systems.
How does Signature Bank compare to other banking companies?
"Signature Bank is the same as every other bank, you can start an account there, savings or checkings. They keep your money and charge you to hold on to it."
If the school send refund check to student Wells Fargo bank account around 9am what time the bank will received it?
When a school sends money to a bank the bank usually gets it the same day. Sometimes the bank will hold the money a few days.
Can a debit card hold 20000?
A debit card has no limit - except the amount of money in the bank account that's linked to it.
how do i get my money on hold in bank for unsecured loan?
I do not understand what you are trying to do. How is your money on hold at a bank? Is it in a longterm CD?
