When a bank account is RESTRAINED it means that the bank has put a "freeze" on the account and no funds may be withdrawn by anyone. Usually this is the result of some party with a judgment against the account holder who --by virtue of their judgment obtained in court-- has the right to go after any assets of the account holder. While RESTRAINED, all funds remain at the bank (minus any bank fees the bank may charge for having to process the Restraining Order). Ultimately the funds will meet one of the following fates: After a year, the Restraining Notice will expire (but a new can be issued quickly); or the account holder will sign over all or part of the funds in the account to whomever holds the judgment against them, and the account will be "normal" again after that; or if the account holder refuses to release any funds the judgment holder can send the local Sheriff or Marshall in to seize the funds, after which the account again returns to "normal" status but at that point the account is no longer considered RESTRAINED it is said to have been levied.
what does itf mean on a bank account
A relationship bank account does not use money...
The meaning of TR on a bank account is asset based financing.
It means how much money you have in an account at the bank.
credit
what does itf mean on a bank account
Most banks will allow an account to remain negative for 30 days and then they will close the account ..many will charge fees during this period
A relationship bank account does not use money...
its a type of bank account where the name of the account holder is kept secret.
The meaning of TR on a bank account is asset based financing.
It is the name of the account holder
It means how much money you have in an account at the bank.
credit
Trustee
It is type of one bank account fund transfer to another bank account
It means you bank account is in credit, you have money to spend.
it mean aprined record of the money put into removed from a bank account