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A legal order fee debit refers to a charge applied to an individual's account for processing a legal order, such as a court order, garnishment, or levy. This fee is typically deducted by financial institutions or payment processors for the administrative costs associated with complying with the legal directive. It ensures that the necessary funds are withheld or redirected as mandated by the legal order. Such fees can vary based on the institution and the specifics of the order.
What else can I help you with?
What is a debit fee?
It's when you use your debit card to buy something and they charge you an extra "Debit fee" just to use your card.
Is it legal for bank to charge fee when a legal order is processed?
Yes.
What is the journal entry for 'Received Fee Income in cash'?
[Debit] Cash / bank [Credit] Fee income
What is the journal entry to offset cost of issuing common stock legal fees against the common equity account?
debit share capital accountcredit legal fee expenses
Is it legal for a merchant to charge a fee for debit card purchases under 10.00?
it is illegal in my home state, however some merchants will do it anyway.
What is the accounting journal entry to record audit fees?
If paid in cash use the following accounts: A debit to Audit Fee Expense A credit to Cash If the fee is going to be paid at a later date use the following accounts: Debit to Audit fee expense Credit to Audit fee payable Once the fee is paid then we use the following accounts Debit to Audit fee payable Credit to Cash a/c
How do you pay the MagicJack yearly fee?
In order to pay the Magic Jack yearly fee, you will need to call 561-594-9925 and speak to a representative. You will need a valid credit card or debit card to pay the fee.
Is it legal for a bank to charge overdraft fee for insuffient fund when a debit card is for a purchase?
Yes, it is the same as if you wrote a check without enough money in the account to cover it.
What is the journal entry to record a retainer fee?
Debit retainer fee expenseCredit cash / bank
Is is normal for a bank to charge two legal order fees on one legal order?
Generally banks don't charge such fee twice on same legal order , however if it has happened , than you can contest this and get your fee back , banks charge fee usually to offset the cost incurred in processing such requests from different government agencies. Such legal orders usually come in the form of IRS levies and state levies in USA.
Is there a fee for debit card transactions?
It depends on what bank you use.
What is journal entry for management fee?
Debit management feeCredit cash / bank
