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What are the benefits of a high yield money market checking account compared to traditional checking accounts?
A high yield money market checking account typically offers higher interest rates compared to traditional checking accounts, allowing you to earn more money on your balance. Additionally, these accounts often have fewer fees and may provide additional perks such as ATM fee reimbursements or free checks.
Are there additional benefits to opening a high yield savings account?
Often times high yield savings accounts do not require a minimum balance. These accounts can also be set up in addition to an already existing checking account you may already have which makes it easy to transfer funds.
What is the procedure to open a recurring deposit account?
Every financial institution has different policies for their accounts. Most often to open up a reoccurring deposit account, you would open a regular savings or checking and fill out a reoccurring transfer or direct deposit form to start the deposits.
What is WOE on bank statement?
WOE on a bank statement typically stands for "Withdrawal of Earnings." It refers to transactions that indicate the withdrawal of funds from an account, often related to the disbursement of earnings or payments. This term helps account holders track their income-related transactions and manage their finances effectively.
How often does banks pay interest that is calculated?
It varies, interest is typically paid monthly or quarterly depending on the type of account it is. Checking accounts ususally pay interest monthly while savings and certificates typically pay interest quarterly. It is up to the bank on how often they pay interest.
How often should you typically monitor your checking account?
Monthly
How often should you typically monitor you checking account?
Monthly
How often can the IRS levy your checking account in a 6 month period?
As often as they like.
How often can child support take out of checking account?
They will keep garnishing your account until you have satisfied the arrears.
What does overdraft on your checking account mean?
== == Overdraft on your checking account happens when a withdraw or check written exceeds the funds in the account. Often banks will honor the withdraw or check but then charge the account owner on the borrowed funds. Many banks will offer overdraft protection which will pull money from a different account (often a savings account, line of credit, or credit card).
Do you have to make a deposit to make a checking account?
IN most cases a bank will ask for a deposit , often a small one note type to open the account
How often can the IRS levy the same checking account in a 6 month period?
As many times as they want or need.
Can wife add her name to his checking account without his approval legally?
No she can't as a matter of fact without his written permission she can't even get general information about that account. This is what I found to be amazing, if this couple has a joint savings account, but the husband's name is the only one on the checking account, he is the only one that can legally transfer money from the savings account to the checking account. It also works this way if there is a joint checking account and money needs to be transferred from the joint checking account, to the savings account with only the husband's name on it, he is the only one that can move money from one account to the other. I am a bank manager and I know this is more information than you asked for, but when I have to explain this to couples, it often leads to a very heated discussion between them in my office. I live in Virginia and I can only answer for Virginia. I hope you found this answer helpful.
What other company will allow someone open a checking account other than a Bank?
Some companies that will allow one to open a checking account other than a bank are: Think Money, First Direct, Second Chance Checking Account, Post Office Account, Cash Plus, eccount Money, Secure Trust Bank.
Can you sign on a checking account and not have ownership in it?
Yes. If you have the correct information. Usually username, password, sitekey, and know the security answers if asked, you could access a checking account that you do not have access to. Which is why you should never share passwords, because a simple password for another site is often used universally for an individual, often including their online bank accounts.
What are the benefits of a high yield money market checking account compared to traditional checking accounts?
A high yield money market checking account typically offers higher interest rates compared to traditional checking accounts, allowing you to earn more money on your balance. Additionally, these accounts often have fewer fees and may provide additional perks such as ATM fee reimbursements or free checks.
How often can the IRS lien a checking account?
The IRS does anything they feel like, as many times as they like. It was a major reason I moved to Canada.
