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What else can I help you with?
How do you know if you have a bad check?
You know you have a bad check when the bank notifies you that the check you wrote cannot be processed due to insufficient funds in your account.
Can you cash a check if you owe the bank money?
This depends on individual bank policy but I believe most banks have a "matching funds policy." This means if there aren't funds in your account to cover the check, then you cannot have all cash for the item. However, if the check is also drawn off the same bank this may serve as a loophole because they would be able to determine if the funds for the check in question are available without relying on the funds you have, or don't have, in your account.
Can an ACH transaction be processed successfully if there are insufficient funds in the account?
No, an ACH transaction cannot be processed successfully if there are insufficient funds in the account.
Can I transfer my HSA funds to my spouse's HSA account?
No, you cannot transfer your HSA funds directly to your spouse's HSA account. Each individual's HSA account must be separate and cannot be combined or transferred between spouses.
Can PayPal withdraw funds directly from my bank account without my authorization?
No, PayPal cannot withdraw funds directly from your bank account without your authorization.
Can a check be cashed if no money in its account?
No, a check cannot be cashed if there are insufficient funds in the account it is drawn from. When a check is presented for payment, the bank checks the account balance, and if there are no available funds, the check will bounce. This can result in fees for both the check writer and the recipient, and the recipient may not receive the expected funds.
What if you wrote a check without having the funds in account but by the time check cleared the funds were in the account?
If you wrote a check when you had no funds in your checking account but had funds by the time the check hit the bank, you are fine. Sometimes it can take a check three days to clear, but not always.
How do you know if you have a bad check?
You know you have a bad check when the bank notifies you that the check you wrote cannot be processed due to insufficient funds in your account.
If i have 2 checking accounts and i write an nsf check on one account can the bank just take that much money out of the other account to make the nsf check right?
No they cannot. The check can only be honored with funds from the account it was written on.
Can you cash a check if you owe the bank money?
This depends on individual bank policy but I believe most banks have a "matching funds policy." This means if there aren't funds in your account to cover the check, then you cannot have all cash for the item. However, if the check is also drawn off the same bank this may serve as a loophole because they would be able to determine if the funds for the check in question are available without relying on the funds you have, or don't have, in your account.
Can an ACH transaction be processed successfully if there are insufficient funds in the account?
No, an ACH transaction cannot be processed successfully if there are insufficient funds in the account.
Can I transfer my HSA funds to my spouse's HSA account?
No, you cannot transfer your HSA funds directly to your spouse's HSA account. Each individual's HSA account must be separate and cannot be combined or transferred between spouses.
What does it mean when a check bounces?
It means that there were not sufficient funds in the account to cover the check
What is true about statements?
Writing a check on an account that does not have the funds to pay the check is illegal. A+
What happens to the money if you close an account and forgot there was money in there?
Actually such a scenario wouldn't occur. When a bank account is closed, the bank would release all the funds held in that account to the account holder on the same day the account is closed. Even if they can't do it immediately, they would have sent a check to the customer by post/mail. Banks cannot hold on to the funds of a bank account that was closed. It is mandatory for them to return the funds to the customer once his account is closed.
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.
Can PayPal withdraw funds directly from my bank account without my authorization?
No, PayPal cannot withdraw funds directly from your bank account without your authorization.
