Commercial Bank and Checking Accounts

In Michigan, commercial construction or general contracting businesses require a license from the Michigan Department of Licensing and Regulatory Affairs (LARA). Depending on the scope of work, there are different types of licenses available, such as a Builder's License or a Maintenance & Alteration Contractor License. The specific license requirements will vary based on factors like the project size and type of construction. It is advisable to check with LARA directly to determine the exact licensing requirements for commercial construction or general contracting in Michigan

One can find information on comparing checking accounts on various financial websites, such as Bankrate, NerdWallet, and Investopedia. These websites offer detailed comparisons of different checking account features, fees, and interest rates, allowing individuals to make informed decisions based on their specific needs and preferences. Additionally, many banks and credit unions also provide information on their websites to compare their checking account offerings.

Money orders are a major source of fraudulent transactions, so you may find that your mother's bank will not allow you to deposit a money order made payable to you into her checking account. You should ask the bank if they will allow it and what requirements they have if they do allow it. They will likely request that both you and your mother be present, sign the check in front of the teller, and provide photo ID.

If the money order is still blank on the front (i.e. no name is written in the "pay to the order of:" line), you can simplify things by making it payable to your mother and allowing her to sign and deposit it.

Yes, it is possible to open a business checking account after being denied due to ChexSystems. Some banks and credit unions offer second chance banking options that cater to individuals or businesses with past banking issues. You may need to provide additional documentation or meet specific requirements, but with proper research and patience, you should be able to find a financial institution that will work with you.

To avoid incurring fines from your bank on your checking accounts, there are several steps you can take:

1. Keep track of your account balance regularly and ensure you have sufficient funds to cover any transactions.
2. Set up alerts or notifications from your bank to receive updates on your account balance and any potential overdrafts.
3. Opt for electronic statements instead of paper statements to stay updated on any fees or charges.
4. Understand your bank's fee structure and requirements, such as minimum balance requirements or direct deposit requirements, and make sure to meet them.
5. Consider opting for a checking account with no or low fees, or explore other banks that offer more favorable terms.

A commercial check is a negotiable instrument issued by a business entity to make a payment to another party. It is a written order to a bank to pay a specific amount of money from the issuer's account to the recipient. Commercial checks are commonly used in business transactions to transfer funds and facilitate payments.

If you are mailing your check together with your tax return on April 15, it's very unlikely.

If you mail on April 15, the soonest they will get it will be Friday April 17 (unless you live in the same city as the service center). It will take several days before they open it because of the volume of mail on the deadline date. But in the worst case, if they cash your check on Friday, the soonest it will hit your bank is Monday 4/20.

My experience in past years has been that checks included with returns mailed at the deadline take at least two weeks to clear. BUT YOU SHOULDN'T COUNT ON IT -- they are always improving their processing methods. Checks that you send to one of their post office box addresses without a return (for example, Form 4868, 1040-ES, or 1040-V) tend to get processed as soon as they receive them. (The PO Box addresses are contracted out to lock box services at private banks.)

There are several sites that offer free trading accounts, including Robinhood, TD Ameritrade, E*TRADE, Fidelity, and Charles Schwab. These platforms allow users to buy and sell stocks, ETFs, and other investments without charging commission fees. However, it's important to note that there may still be other fees associated with trading, such as for premium services or account maintenance.

In 2008, banks in the US were closed on the following public holidays: New Year's Day (January 1), Memorial Day (May 26), Independence Day (July 4), Labor Day (September 1), Thanksgiving Day (November 27), and Christmas Day (December 25).

When a bank closes a checking account and freezes funds without prior notice, it could be due to suspected fraudulent activity or failure to comply with account terms. To get your money back, you would need to contact the bank's customer service or visit a local branch to understand the reason behind the account closure and freezing of funds. Follow their instructions and provide any necessary documentation or proof requested to resolve the issue and potentially access your funds again.

a type of checking account that also earns intrest

If one is wanting more information about Interest Bearing Checking Accounts there are a number of financial sites that have good information available. One can find information on the Ally and Wells Fargo sites.

No, you cannot directly transfer funds from an IRA (Individual Retirement Account) to a regular checking account without first withdrawing the funds from the IRA. However, if you do withdraw the funds, you may be subject to taxes and penalties depending on your age and the type of IRA you have. It is recommended to consult with a financial advisor or tax professional before making any decisions regarding IRA fund transfers.

Places money and is allowed to write a check for payment to another who can deposit it in his own bank. The check needs to be written for a specific amount of money and for use only by a designated person.

To check your account balance in Metrobank online, first, log in to your Metrobank Online account using your username and password. Once logged in, navigate to the "Account Summary" or "Accounts" section, where you will be able to see the balance of your accounts in real-time.

There are a few red flags to watch out for to determine if a bank lien is a scam. Be cautious if you receive unsolicited calls or emails claiming that you need to pay a fee to release a bank lien. Legitimate liens are typically initiated by a legal process, and the bank will usually contact you directly through official channels. Always verify the information independently with your bank before taking any action to avoid falling victim to a scam.

Before you get your loan amount the bank would ask you to open an account. Keeping track of a customer without an account is very difficult and banks would insist on you opening an account with them before they give you the loan amount

I am not a lawyer, but generally speaking, a cash checking place may have the right to pursue legal action against you if you cashed a check with a stop payment on it. Cashing a check with a stop payment is typically considered unauthorized and could potentially be seen as fraudulent. It is recommended to consult with a legal professional to understand your specific situation and any potential consequences.

A special account refers to a dedicated account that is designated for a specific purpose. It is typically used to separate funds for a specific project or activity, and is often subject to special rules or restrictions on how the funds can be used. Special accounts are commonly used in government, finance, and businesses to ensure proper allocation and tracking of funds.

Lloyds TSB offers a classic account, which includes giving the customer some limited overdraft protection, internet access to the account and a grace period where overdrafts can be paid off before penalties are incurred; a cash account, which may accommodate customers who don't qualify for the classic account but provide fewer features, and the Islamic account which is interest free and has no maintenance fee.

One fee that the Hong Leong Bank charges checking customers is for the postage on returned checks. The Hong Leong Bank may charge for transfer and collection of funds, such as checks received through mail for crediting on your account.

You should be able to get EVERY transaction - going back to when you first got the card ! It's standard practice for financial institutions to retain records of account activities - to counteract fraud ! The company may charge you for retrieving past data - but - they WILL be able to get it for you.

Yes, a minor can open a checking account in the state of Maryland but they might need a parent or guardian to be a joint account holder and provide consent. The specific requirements and age limits may vary between different banks and financial institutions. It's best to directly contact the bank you are interested in opening the account with to get accurate information.

You can find banks that offer both mutual funds and free checking by doing some research online. Some popular options include Ally Bank, Charles Schwab Bank, and Fidelity Investments. Make sure to compare their offerings and fees to find the best fit for your needs.

Checking your account can be considered an asset as it represents the funds you have available for use. However, it can also be seen as a liability if your account has a negative balance or if you owe money to the bank or other creditors.