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Is a share account also known as a checking account?
No. A share account is essentially a savings account...
What are the differences between a money market account and a checking account?
Money market accounts and checking accounts share a lot of similarities. One difference between the two includes a limit on transactions on the money market account. One may need to keep more than $10,000 in a money market account to avoid penalties, whereas a checking account can be run down to a zero balance usually without penalties occurring.
What is a checking account at a credit union called?
what is a chekcing account at a credit union
Can a collection agency put a levy on a joint checking account in Texas if the debt was your spouse's prior to your marriage?
In Texas, a collection agency can potentially levy a joint checking account, even if the debt was solely your spouse's prior to your marriage. Joint accounts are considered the assets of both account holders and are subject to collection efforts. It is advisable to consult with an attorney for specific legal advice regarding your situation.
How do you make journal entries in share capital transactions?
Debit Cash / bankCredit share application accountDebit Share Application accountcredit share capital account
A share draft account is another name for a checking account in what type of financial institution?
credit union
Which of the following account types is considered a transaction account under the Expedited Funds Availability Act?
Checking or Share Draft Account
What account charges customers fees based on the number of checks written each month?
Share draft or checking account.
Is it safe to share my bank account number and routing number with others?
No, it is not safe to share your bank account number and routing number with others as it can put your financial information at risk of fraud and unauthorized transactions.
Is it safe to share my routing number with others?
It is generally not safe to share your routing number with others, as it can be used to access your bank account and make unauthorized transactions. It is important to keep this information private and only share it with trusted entities, such as your bank or employer.
If a spouse's parent dies and leaves inheritance does this become community property with your spouse?
Not immediately. When you inherit something it is separate property because it was specifically designated to go to you. If you put these funds in a joint account or share them with your spouse then it would likely be deemed as transforming to community property.
Is giving out your bank account number safe?
No, giving out your bank account number is not safe as it can lead to unauthorized access to your funds and personal information. It is important to keep your bank account number confidential and only share it with trusted sources for legitimate transactions.
