Commercial Bank and Checking Accounts

There is normally a certain amount that has to be in the account, and if it gets to less than that amount, the account will be closed Also, there are a certain minimum number of transactions (differs from bank to bank) that needs to be performed to ensure that your account stays in the active status. If say, you do not perform any transactions for 6 months or more, the bank may put your account in dormant or inactive status. You would have to visit the bank and prove that you are alive and healthy and ask them to reactivate your account. If the period is more than 12 months then the bank at their discretion based on the account opening rules, can close your account.

Chex System is only a reporting agency. They do not have the ability to close an account. If an account is closed it is up to the discretion of the financial institution who issued the account to you.

The weight of one liter depends on the substance being measured. For water, one liter is equal to one kilogram. However, for other substances with different densities, one liter may weigh more or less than one kilogram.

Most people who have not previously declared bankruptcy are able to apply for a money market checking account. It is important to remember that these accounts often require a minimum account balance, which can range from $1,000 to $25,000.

It depends on the policies of the bank and the terms of the joint checking account. In some cases, both account holders may be held responsible for any overdraft or bounced check fees. It is important to communicate and resolve the issue with your bank as soon as possible to avoid any negative consequences.

Pretty Simple, here goes, - 1. Money you have in checking account is yours, money in a credit card is the bank's which they allow you to use. 2.If you use a credit card there's a very good chance you miss a payment and everything goes downhill from there...no such thing with a checking account. 3. Basically you can use the the money in a checking account without any equivocations because you earned it, Money on a credit card is just something extra, an unsecured loan and you don't need that. 4. Credit cards have overlimit fees, late fees, returned check fees, annual fees etc... Checking accounts have Overdraft fees, check returned fees, Stop payment fees etc..

You can keep your online checking account secure by not using public computers. Use your system at home. Make sure you have a good anti virus software and also an anti phising software. It's up to you to keep things private so you account won't get compromised.

is a rewards program that provides potential to earn points and choose from millions of rewards. shopping at favourite stores, booking holidays, planning night outs and creating exclusive experiences

Yes, the decedent's income tax refund check typically belongs in the estate checking account, as it is considered a part of the deceased person's assets. However, it's always advisable to consult with a legal professional or estate administrator for guidance specific to your situation.

Yes. Closing a checking account when a credit card has outstanding balance shouldn't be a problem. The bank would expect payment on their card promptly on the due date irrespective of whether you have an account with them or not.

Technically no. Usually overdraft refers to checks written from an account where there are insufficient funds. Checks, meanwhile, cannot be written from savings accounts due to certain federal restrictions. In fact, savings accounts are limited to six outbound transfers a year...

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.