There are several ways to take money out of a checking account, including withdrawing cash from an ATM, writing a check, using a debit card for purchases, transferring funds electronically, and visiting a bank branch to make a withdrawal in person.
I do not know about Wells Fargo, but Bank of America can. They took money from an account where I am a co-signer. My old account was closed 6 years ago.
If the accounts are held by the same customer - then yes ! The alternate account is an asset - and can be plundered to pay off your debt
If you're referring to a bank overdraft, any age really. An overdraft is just when you've spent more than you have in your account. Different banks have different policies. Some allow you to tie your (presumably) checking account to a savings account, and provided that you have funds in the savings account, they will automatically move money over for you (for a fee of course). If you are over 18 and eligible, you can also sign up for a line of credit which is basically a credit card, only with out the card and only for your bank account. If you are out of money in checking and savings, and you have a line of credit, they will take money from there. Many places don't like having to charge you for poor money management, but they do it anyways because it is a potential avenue to make some money. If you find yourself in a hard spot, talk to your bank because many times they will forgive your first overdraft.
A check has cleared when the money has been successfully transferred from the payer's account to the payee's account. This process can take a few days, and you can usually confirm that a check has cleared by checking your bank statement or online banking account for the transaction.
Paying online using your checking account can be safe if you take precautions such as using secure websites, not sharing your account information, and monitoring your transactions regularly.
if you have a lein on you, can they take your disabilty money out of your checking account
It depends on how the checking account is held. If the account is a custodial account it will pass according to the will, then she cannot take the money. However, if this is a joint checking account, in the eyes of the bank she is a co-owner and is legally permitted to take the money.
For what?
yes
it is my understanding that the only people who can take money from your account without your permission are the IRS to pay back taxes. unless you sign somthing giving the bank permission to take money out of your checking account I don't think they can do it. make sure you read the fine print of any loan document so you know that you are not giving them the right to take money out of your checking account.
No, not without being on his account...or actually having approved access to it by him.
A Debit is a transaction wherein money is debited or withdrawn or taken out from your bank account. For Ex: You use your ATM card to withdraw money from an ATM, this transaction will be reflected as Debit in your account because you have taken money from your account
No one. No one can take money from your checking account without your consent. This rule is not only in Florida but also applicable throughout the world. But, if you have a standing agreement with anyone wherein you have given them the right to debit/take money from your account by signing an automatic funds transfer form then they have the right to take money from your account without getting your consent every month.
Take all the money out and close it out as fast as you can.
Go to the bank, fill out a withdrawal slip and take it to the teller.
If you had overdraft protection that linked the two accounts, then yes.
Read your loan agreement....it probably has a clause specifying they can.