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What services does BBandT Bank offer to account holders?
BB&T Banking Services offer a variety of common services for their account holders. This includes banking accounts, mortgage services, and safe deposit boxes. Premier account holders get even additional benefits for being a premier member.
How are money market savings accounts different from regular savings accounts?
A money market savings account is a special kind of savings account. Money market account holders receive more money on their return. Money markets are secure.
Who pays taxes on a joint account?
Both account holders are responsible for paying taxes on a joint account. Each person's share of the income generated from the account is reported on their individual tax returns.
Can both parents be listed as account holders on a 529 account?
Yes, both parents can be listed as account holders on a 529 account.
If you have a nonperiodic garnishment against you in the state of Michigan can they garnish a joint bank account?
Yes, joint bank accounts are subject to garnishments or levy for debts of any or all of the account holders and regardless of who puts the money in.
Where can one find rules regarding individual retirement accounts?
The rules of each individual retirement account do vary. It would be advisable for potential account holders to speak to banks individually to determine the best account for them.
What type of retirement account was established by the tax payer relief actof 1997?
The Taxpayer Relief Act of 1997 established the Roth IRA (Individual Retirement Account). This type of retirement account allows individuals to contribute after-tax income, and qualified withdrawals during retirement are tax-free. The act aimed to encourage savings for retirement by providing tax advantages to individuals. Additionally, it introduced features like the ability to withdraw contributions without penalty, making it more flexible for account holders.
What services does BBandT Bank offer to account holders?
BB&T Banking Services offer a variety of common services for their account holders. This includes banking accounts, mortgage services, and safe deposit boxes. Premier account holders get even additional benefits for being a premier member.
How are money market savings accounts different from regular savings accounts?
A money market savings account is a special kind of savings account. Money market account holders receive more money on their return. Money markets are secure.
What about money market accounts is not true?
Account holders can usually make unlimited withdrawals each month without paying a withdrawal fee.
What is true about money market accounts?
Account holders can usually make unlimited withdrawals each month without paying a withdrawal fee.
Who pays taxes on a joint account?
Both account holders are responsible for paying taxes on a joint account. Each person's share of the income generated from the account is reported on their individual tax returns.
Who are the users of Balance sheet and Profit and Loss Account?
stakeholders like # Investors # Share holders # Bord of directors # lenders # banks # And different Stake Holders Are the users of the B/S, P & L accounts
Can both parents be listed as account holders on a 529 account?
Yes, both parents can be listed as account holders on a 529 account.
Which statement about money market accounts is not true?
Account holders can usually make unlimited withdrawals each month without paying a withdrawal fee.
Is it illegal to remove your spouse from joint checking account?
No. it is not mandatory to have a joint account with your spouse. If you feel, you no longer wish to have your spouse in your joint account, you can let them know and then contact the bank to remove their name from the accounts joint holders list.
Can legal order take money from a joint account?
Yes. The holders of the joint account are equal stake holders in the account and a legal order to receive payment from one of the account holders is enough to withdraw/take funds from a joint account.
