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Does child support have the right to withdraw money from your checking account even though they are taking it weekly from your wages?
You should know how much you are paying in Child Support and it sounds rather odd they would take it off your pay check and your checking account unless you aren't making enough money at work to cover Child Support. If this is the case, then yes, they can take that money from you. You should know exactly what you have to pay re Child Support and keep tabs on what is being taken off of your pay check, plus your checking account. You have the right to demand receipts to be sure the Child Support is going directly to your child or children.
What else can I help you with?
What is the opposite of the word deposit?
The opposite of "deposit" is "withdraw." Deposit involves putting money into an account or storage, whereas withdraw involves taking money out of an account or storage.
Do you take out money when you withdraw it?
Yes, when you withdraw money from a bank account or ATM, you are taking out cash from that account. This process reduces your account balance by the amount of money you withdraw. The cash you receive is then yours to use as you wish.
Does debit mean taking out subtracting from a checking account?
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What is withdrawal?
Withdraw is to remove or take away something. It can have many different uses.
What does withdraw and deposit mean?
Withdraw refers to the act of taking money out of an account, such as a bank account or ATM, reducing the account's balance. Deposit, on the other hand, means adding money to an account, increasing the balance. Both transactions are fundamental to managing personal finances and banking activities.
Is it legal for a bank to debit my account each time I receive a child support payment because I owe the bank for a prior loan-- The bank is taking money I'm supposed to have for my child?
If you owe money to the bank they are entitled to withdraw it from any monies deposited into your account.
Can you give the oposite of withdraw?
The opposite of "withdraw" is "deposit." While "withdraw" refers to the act of removing or taking something out, such as money from a bank account, "deposit" means to place or add something in, like putting money into a bank account. Other antonyms could include "engage" or "join," depending on the context.
What is the term for taking away money from a bank account?
Debit, withdraw, deficit, charge, collectible, settle, etc., D
What is the opposite of withdrawal?
The opposite act from withdraw (leave, retreat) could be advance. To not withdraw (e.g. from an election, from a location) would be to stay or remain. For the transitive verb (withdraw an object), the opposite is insert.Regarding bank accounts, the opposite of withdraw would be deposit.
Can an employer withdraw funds from an employee's bank account?
No. Unless the employer is a signer on the account s/he can not withdraw funds from the account. There are very serious penalties for anyone either taking money or giving money from someone else's bank account. An employer can, however, reverse a direct deposit made into an employee's bank account, so it can seem like a withdrawal, but it really isn't. (For example, if a direct deposit were made in an incorrect amount, it could be reversed for the purpose of correcting it.)
If the mortgage lender and the checking account bank are the same does it help to open an account elsewhere to avoid them taking money from the account for delinquent payments?
it is my understanding that the only people who can take money from your account without your permission are the IRS to pay back taxes. unless you sign somthing giving the bank permission to take money out of your checking account I don't think they can do it. make sure you read the fine print of any loan document so you know that you are not giving them the right to take money out of your checking account.
Why are bmach taking money out my account?
If bmach is taking money out of your account, it could be due to a subscription, service fee, or recurring payment you may have authorized. It's also possible that there was an error or unauthorized transaction. I recommend checking your account statements for details and contacting your bank or bmach's customer service for clarification.
