Commercial Bank and Checking Accounts

If the surviving spouse (or anyone else, for that matter) is listed as the beneficiary, then the beneficiary is entitled to the proceeds. However, if no one else is listed on the account, it may very well wind up in probate (court).

Bank account fraud is typically investigated by law enforcement agencies such as the Federal Bureau of Investigation (FBI) or the Secret Service, which have expertise in financial crimes. These agencies have specialized units dedicated to investigating and preventing fraud, including bank account fraud. Additionally, local law enforcement agencies may also be involved in investigating bank account fraud cases, depending on the jurisdiction and the scope of the fraud.

In Ohio, Medicaid has asset limits for eligibility. As of 2021, the limit for an individual is $2,000 in countable assets. However, it's important to note that some assets may be exempt from this limit, such as a primary residence, a vehicle, and personal belongings. It's recommended to consult with a Medicaid specialist or caseworker for specific and up-to-date information regarding asset limits.

If you have a mortgage, you can consolidate it through them. If you'd like to open a checking account, they offer a $50 dollar bonus for doing so. They also offer a service that will allow you to invest in various stock markets.

If a customer puts more money into her checking account at her bank, the balance of her account will increase. This means she will have more funds available to use for payments or withdrawals. The bank may also pay her interest on the increased balance, depending on the terms and conditions of her account.

ABSOLUTELY, There used to be what is called check float which allowed three days before a check would be cashed, the typical method now is for a financial institution to process checks as they arrive and are scanned into the system. Fair Warning to anyone who writes checks if multiple checks come into your account on the same day the bank will process the biggest check first in order to have a better chance of getting multiple bounced check fees from you.

Identity theft is a real and realistic thing to be concerned about. Banks go out of their way to ensure the security of their accounts--or they would be out of business! Be vigilant about who you bank with and review their online policies and procedures and beware of who you give vital information to.

Yes. However, if your account was closed due to a negative balance that you failed to repay, you might have some difficulty. Banks report these "charge-offs" to credit reporting agencies other than those used to verify credit for a loan. If a bank, during their account opening process, sees that you have caused another bank a loss on a checking account, they most likely will not open a new checking account for you. The best remedy is to pay the bank that is reporting the loss and start the process over. Good luck!

In banking terms special monitoring accounts means those accounts which have to monitors closely beacuse of uncertenity in those account during some speciafic periods or in near future there may be some financial difficulty for there working capital requirements.

You can also called 'stress Accounts' as there are some irregularity for paying dues or intrest part of the loans for these accouts and may be these account will goes into an NPA for the banks.

The only way a creditor would know your checking account info is if you have a credit card from your bank. Banking information is NOT included in the credit report that creditors pull to consider your CC application...

Some banks that provide free internet checking accounts include Capital One, Ally Bank, Discover Bank, and Charles Schwab Bank. These banks typically do not charge monthly maintenance fees, have no minimum balance requirements, and offer online and mobile banking services. However, it is recommended to check with the specific bank for any additional requirements or fees that may apply.

In Indiana, when one person dies, their share of the joint checking account typically passes to the surviving account holder. This is because joint accounts have a right of survivorship, meaning that the surviving account holder automatically becomes the sole owner of the funds. However, it is always advisable to consult with a legal professional or the bank to ensure a proper understanding of the specific situation and any necessary legal steps.

To transfer money from any account, it can be done one of two ways. In this case, for the BPI Accounts, it's easiest to transfer the accounts online at the BPI site. However, it can also be done in person by going to one BPI bank, explaining the situation, removing the funds, and then going to the other BPI bank and transferring the money directly.

To release a bank guarantee at the end of a lease, you typically need to follow these steps:

1. Review the lease agreement to ensure all lease obligations have been fulfilled.
2. Notify the bank in writing about the end of the lease term and request the release of the bank guarantee.
3. Provide any necessary documentation or evidence required by the bank to prove that all lease obligations have been met.
4. Once the bank verifies the information and is satisfied, they will release the bank guarantee, usually by returning the funds to the lessee's account.

Some benefits of a student checking account include:

1. Lower fees: Many banks offer student checking accounts with reduced or no monthly maintenance fees, helping students save money.

2. Educational resources: Some student accounts come with financial management tools and resources, such as budgeting apps or tips on building credit, which can help students better manage their money.

3. Access to mobile banking: Student accounts often come with mobile banking features, allowing students to easily check their balance, deposit checks, and make payments from their smartphones, providing convenience and flexibility.

While there are no specific laws prohibiting banks from charging fees for opening and using a checking account, there are regulations in place to protect consumers. The Consumer Financial Protection Bureau (CFPB) sets rules on what fees can be charged and requires banks to disclose all fees upfront. It is important for consumers to shop around and compare different bank options to find an account with minimal fees.

A collection agency (or pretty much anybody now a days) can check your credit records with all three bureaus. They will see your bank records on the credit record. You can check your own credit record to see if the bank record is there.

A restrictive endorsement is something written on the endorsement area on the bank of a check that disallows certain types of negotiation. Usually, a restrictive endorsement is "for deposit only," which means the check can no longer be cashed.

Yes, it's referred to as "freezing" your account.

There are a few reasons they would happen.

- There is suspicion that someone is fraudulently accessing your account

- You owe bank fees

- You are under investigation by the police or tax authorities

Means someone was writing out a lot of checks that were bouncing with no money in the bank.

If banned you wont be able to get into any bank to cash any checks or get a account.

Your account was banned , CLOSED

Cashing or Writing bogus checks

If you want to open an individual account then you must be atleast 18 years old. But, if you are a minor (less than 18 yrs.) you can always open a joint account with any of your adult family members like mother, father, elder brother etc. banks do not say no to any customer who wishes to open a bank account (Unless they have a valid reason because the customer is bankrupt or has criminal record etc.)

There are many possibilities. Perhaps it was a credit issue. There are many banks that use outside sources to help them make decisions to open deposits accounts. These outside sources include: chexsystems, telecheck and early warning services. If you have a negative report listed, you may be denied.

The two parts of a cheque are the drawer's portion and the bank's portion. The drawer's portion includes the information of the person or entity issuing the cheque, such as their name, address, and signature. The bank's portion includes details about the account holder, the amount of money to be paid, and space for the bank to process and record the transaction.

A draft fee is a fee charged by a bank for processing a payment or withdrawal from a checking account. It is typically charged when a check or other form of debit is presented for payment but there are insufficient funds in the account to cover the transaction. This fee serves as a penalty for the account holder's overdraft or insufficient funds.