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I am not sure what you mean. A bank can not remove money from customers accounts except as detailed in the terms and conditions for having an account with the bank signed by the customer when opening the account or notified to the customer as a variation in terms and conditions.
What else can I help you with?
Can a creditor take money from your savings account without prior notice or at all for that matter?
No. A Credit cannot take money from your savings account without giving you prior notice. But, if you have an electronic funds transfer arrangement (for loan repayment) or if you have given him your bank account check (Signed) then he will be able to take money from your account. In these 2 cases, he need not give you a notice because it is understood or rather assumed that you know that he is going to do it and since you have signed and approved the same another intimation is not required.
Can a bank close your account with money in it?
Yes, a bank can close your account even if there is money in it, as long as they provide notice and return the funds to you.
How do you move assets from a money manager to a personal managed account?
To move assets from a money manager to a personal managed account, first, contact your current money manager to initiate a transfer request, ensuring you understand any potential fees or tax implications. Next, set up your personal managed account with your chosen financial institution or brokerage. Once the account is established, provide the necessary details to your money manager to facilitate the transfer. Monitor the process to ensure that assets are correctly moved and accounted for in your new account.
Can banks legally take money from your account without your permission?
Banks can only take money from your account without your permission in certain situations, such as if you owe them money or if there is a court order.
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 creditor take money from your savings account without prior notice or at all for that matter?
No. A Credit cannot take money from your savings account without giving you prior notice. But, if you have an electronic funds transfer arrangement (for loan repayment) or if you have given him your bank account check (Signed) then he will be able to take money from your account. In these 2 cases, he need not give you a notice because it is understood or rather assumed that you know that he is going to do it and since you have signed and approved the same another intimation is not required.
A demand deposit is an account in a commercial bank on which checks can be written and from which money can be withdrawn without any advance notice?
monetary policy
A demand deposit is an account in a commercial bank on which checks can be written and from which money can be withdrawn without any advance notice.?
monetary policy
How much does a customer service manager earn?
how much money does a account manager earn
Can a bank close your account with money in it?
Yes, a bank can close your account even if there is money in it, as long as they provide notice and return the funds to you.
How do you move assets from a money manager to a personal managed account?
To move assets from a money manager to a personal managed account, first, contact your current money manager to initiate a transfer request, ensuring you understand any potential fees or tax implications. Next, set up your personal managed account with your chosen financial institution or brokerage. Once the account is established, provide the necessary details to your money manager to facilitate the transfer. Monitor the process to ensure that assets are correctly moved and accounted for in your new account.
How do you write a letter to bank manager for transfer one person account money to another person's account?
how do send a mail to bank while transfer money from account to another
What is the difference between a interest bearing checking account and a NOW account?
An interest bearing account can be allowed withdraws immediately, like a regular checking account. A NOW account generally requires a seven day notice before money can be withdrawn. So they're similar, only one requires a notice to get money out of.
Can banks legally take money from your account without your permission?
Banks can only take money from your account without your permission in certain situations, such as if you owe them money or if there is a court order.
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 you keep money that is accidentally deposited in your account?
If money is put into your account by mistake and you notice this, you should tell the bank. It is not your money and you can not keep it. However, if you genuinely do not notice and happen to spend some of this money, you could make a case to the bank that you have acted in good faith and that you would suffer hardship in repaying the sum. As it will have been the banks mistake in placing the money in your account they may write off the amount....but this is not certain.
How do you write a letter to the bank manager for transfer money from saving account to current account?
Usually you can do it online with a few clicks of your mouse.
