0
What else can I help you with?
What should we do to close our deceased mother's account that's a joint account with my brother and I?
If the account is a joint account with your mother, you and your brother, the surviving joint owners can close the account and share the balance. When the account was opened the three of you should have signed signature cards and all names should be listed as account owners. One or both of you should be able to simply make a withdrawal of the balance and close the account.
Can you put your payroll check in your girlfriends bank account with your name on it?
Yes. The account is considered a joint account and both individuals can deposit as well as withdraw funds from the account. There is no restriction as to the individual or individuals with whom one can make a joint account.
Your mother died and left her daughter a joint account can anyone draw money out of that account?
No. As with any bank account only the account owner can withdraw money from the account. If the mother set up the account as a joint account with her daughter (with both mother's and daughter's name on the account as joint owners) the full ownership of the account passed to the daughter when the mother died. No one else can make withdrawals.
Can you legally withdraw money from a joint bank account that you did not deposit?
If the bank account is in your name (ie it is a joint account with your name on it) then you have the right to withdraw funds from it or to deposit funds into it. However if you feel that you should not be withdrawing money because it will upset the other person who jointly owns the account then perhaps you should discuss this with them before you make the withdrawal - there is more to life than the simple legal niceties.
What do I need to make a withdrawal from the bank?
To make a withdrawal from the bank, you typically need to have a valid identification such as a driver's license or passport, your bank account number, and possibly your debit card or withdrawal slip.
What is the process for making a withdrawal from a rollover IRA account?
To make a withdrawal from a rollover IRA account, you typically need to fill out a withdrawal form provided by the financial institution holding your account. You may also need to provide identification and specify the amount you wish to withdraw. Depending on the terms of your IRA, there may be penalties or taxes associated with the withdrawal.
What is the meaning of principal ownership of a joint account?
A Joint Account is when something is accessible by two people and has both their names in/on it.Principal Ownership means they are the main Owner.Sometimes this means that the Principal Owner can do things to the account or the Secondary Owner that the Secondary Owner can't."PRINCIPALadjectiveFirst, highest, or foremost in importance, rank, worth, or degree""OWNERSHIP noun...of being an owner""Whenever a bank opens a new savings or checking account for a customer, his or her name is listed as the sole authorized user of that account. If two or more individuals want to share access to the same account, however, the result is called a 'joint account'. Any one of the parties listed as a joint owner of the account can make deposits, write checks or withdraw cash. In general, a joint account is opened by individuals with a close family or business relationship; parents/children, married or unmarried couples, business co-owners, etc. Some participants in a joint account can restrict access by requiring two signatures on checks or withdrawal slips."For more please go to: http://www.wisegeek.com/what-is-a-joint-account.htm
Can both your wife and you to have a joint PayPal account?
Yes, both you and your wife can have a joint PayPal account. PayPal allows for joint accounts, which can be set up by adding another person as a secondary account holder. This allows both individuals to have access to and manage the account together. However, it is important to note that both parties will have equal access and control over the account, so it is essential to establish clear communication and trust when sharing a joint PayPal account.
Your mother died and your name is in her saving account can you withward the money?
if the account was a joint account and your were joint owner, you will be able to withdrawal from the account. you will also be able to remove her name from the account by providing the original death certificate and the account can then remain in your name. in some states there is a waiting period of how long you have to wait. before you deposit checks that where issued after her death, which then belong to the estate or administrator of the estate, make sure you check with your bank before depositing, otherwise you will end up repaying the funds back.
Can the joint minor make withdrawals from the account without permission from other joint owner?
I believe no
How can I make an ATM withdrawal from my Bank of America HSA account?
To make an ATM withdrawal from your Bank of America HSA account, you can use your HSA debit card at any Bank of America ATM. Just insert your card, enter your PIN, select the withdrawal option, and follow the on-screen instructions to complete the transaction.
Why is customer account debited when cash is taken out?
Think of a deposit as a credit (a plus) and a withdrawal as a debit (a minus), which is how it actually works in an account. For example:In a bank account, when you make a deposit it's a plus because it's added to your balance. When you make a withdrawal it's a debit because it's subtracted from your balance.
