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What does POD on a bank statement mean?
on a bank account statement, it means Payable On Death
What does ITF internal transfer of funds mean on a bank account?
what does itf mean on a bank account
What does relationship bank account mean?
A relationship bank account does not use money...
What does TR FOR mean on a bank account?
The meaning of TR on a bank account is asset based financing.
What does Bank balance mean?
It means how much money you have in an account at the bank.
What does POD on a bank statement mean?
on a bank account statement, it means Payable On Death
Are proceeds from a POD Bank Account taxable to the beneficiary?
is pod incme taxable to the reciever?
What does POD mean on bank statement?
Payable on death
What does POD stand for on bank statement?
Payable On Death - there is a beneficiary on the account for some reason.
What does POD mean on a bank statement when two people are listed?
it means PAYABLE ON DEATH......usually a spouse or Dependant is added to an account with this verbiage. they only have access to the funds if the main account holder dies.
What does ITF internal transfer of funds mean on a bank account?
what does itf mean on a bank account
What does relationship bank account mean?
A relationship bank account does not use money...
What does bank account holder mean?
its a type of bank account where the name of the account holder is kept secret.
What does TR FOR mean on a bank account?
The meaning of TR on a bank account is asset based financing.
What Does Bank Account Name mean?
It is the name of the account holder
What does Bank balance mean?
It means how much money you have in an account at the bank.
What happens if the account owner of a joint account with survivorship also has a POD designation listed for that account?
An account held in a joint ownership with the right of survivorship will pass to the surviving account owner automatically when the first joint owner dies. When that happens the account becomes their sole property and can be left to an heir. The bank may allow the account owners to file a POD beneficiary who will inherit the account when the last surviving owner dies. You should discuss your questions with your bank.However, remember that when two people have a joint account and one dies the account becomes the sole property of the survivor even if the first to die had a POD.
