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Can a poa withdraw funds when grantor is on an account with another person?
Yes, a Power of Attorney (POA) can withdraw funds from an account if the grantor has granted them that authority. However, if the account is a joint account with another person, the ability to withdraw funds may depend on the terms of the account and the permissions granted to the POA. It's essential to check the specific stipulations of the account and the POA document to ensure compliance with legal and financial guidelines.
Is it possible for me to withdraw money from my child's bank account?
No, it is not legal to withdraw money from your child's bank account without their permission or legal authority to do so.
Is it possible for me to withdraw money from a bank account that does not belong to me?
No, it is not legal or ethical to withdraw money from a bank account that does not belong to you. Doing so is considered theft and can result in serious legal consequences.
What is the significance of signature authority on a bank account?
Signature authority on a bank account is important because it determines who has the legal right to access and make transactions with the account. It helps prevent unauthorized individuals from using the account and ensures that only authorized persons can manage the funds.
What is the term used to ensure funds are used for the intent authorized on a voucher prior to certification?
Legal
Can a poa withdraw funds when grantor is on an account with another person?
Yes, a Power of Attorney (POA) can withdraw funds from an account if the grantor has granted them that authority. However, if the account is a joint account with another person, the ability to withdraw funds may depend on the terms of the account and the permissions granted to the POA. It's essential to check the specific stipulations of the account and the POA document to ensure compliance with legal and financial guidelines.
Is there a difference between a signer on a checking account and an owner of the account?
The owner of an acount is the party responsible for the provision of sufficient funds to the account. A signer on an account is a party authorized by the owner to withdraw from the account. Example: Company ABC owns the account; Treasurer Mr. XYZ is authorized to withdraw funds (make payments, etc) from Company ABC account. The owner of the account can also be a signer of the account as in a personal checking account.
Legal for the purpose of voucher certification means what?
funds are for the intent authorized
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.
Can you cash a check from a deceased person?
As long as there are enough funds in the account that the check is being drawn from to cover the amount of said check and that YOU would have the legal right to withdraw funds from that account. Yes.
Is it legal for a temp agency to direct deposit into a bank account from a previous assignment a long time before without your recent permission?
You can make a deposit into anyones account whether you are on it or not, but you have to be on the account to make withdrawls and to switch funds around. It is not legal for anyone to take funds from your account unless authorized in writing or in person
Can you legally withdraw money from a joint bank account that you did not deposit?
If the bank account is in your name (ie it is a joint account with your name on it) then you have the right to withdraw funds from it or to deposit funds into it. However if you feel that you should not be withdrawing money because it will upset the other person who jointly owns the account then perhaps you should discuss this with them before you make the withdrawal - there is more to life than the simple legal niceties.
Is it possible for me to withdraw money from my child's bank account?
No, it is not legal to withdraw money from your child's bank account without their permission or legal authority to do so.
Ensuring funds are used for the intent authorized helps determine a voucher is?
Legal
Is it possible for me to withdraw money from a bank account that does not belong to me?
No, it is not legal or ethical to withdraw money from a bank account that does not belong to you. Doing so is considered theft and can result in serious legal consequences.
What is the significance of signature authority on a bank account?
Signature authority on a bank account is important because it determines who has the legal right to access and make transactions with the account. It helps prevent unauthorized individuals from using the account and ensures that only authorized persons can manage the funds.
What does The term legal as applied to certifying Office responsibilities means that?
funds are used for intent authorized by Congress
