Commercial Bank and Checking Accounts

There are two ways this can happen 1. You give them authorization to do so with check by phone or if they have obtained a judgement against you all they would need to do is submit that to your bank.

When writing a check to deposit into your own bank account, you would typically put your own name or account holder's name in the "pay to the order of" line. This signifies that the money is being paid to you or deposited into your account.

No. If the checking account is in your name then only your signature would suffice. Even in case of joint accounts, if only one of the account holders sign, the bank would treat that as a legitimate transaction and complete it.

The timeframe for a company to credit back the mistakenly withdrawn money can vary depending on the specific situation and financial institution. However, according to the Electronic Fund Transfer Act, the bank typically has 10 business days to investigate and resolve the issue. In certain cases, this period can be extended to 45 days if the investigation takes longer.

If the joint account holder closes the joint account and moves the money to an account in their name only, you may face challenges in recovering the funds. Options to consider include discussing the situation with the individual and trying to reach an agreement, seeking legal advice to explore any potential recourse or rights, or possibly taking the matter to small claims court if the amount is within the jurisdiction's limit. Ultimately, the specific steps to take would depend on the laws and regulations in your jurisdiction.

If you are added as a joint owner on someone's checking account, you may have some responsibility for any debts or liabilities associated with that account. It depends on the terms and conditions of the account and the agreement you have with the other account owner. It's important to carefully consider the implications and potential risks before agreeing to be added to someone else's checking account.

There could be several reasons why a checking account gets blocked. Some common reasons include suspicious or fraudulent activity on the account, insufficient funds, violation of the bank's terms and conditions, or an administrative error. In such cases, it is best to contact the bank directly to understand the specific reason for the account block and to resolve any issues.

If you write a check for $150 when you only have $100 in your checking account, the check will likely bounce. This means that the bank will not honor the check, and you may be charged an insufficient funds fee. Additionally, the person or business you wrote the check to may also charge you a fee for the bounced check. It's important to ensure that you have sufficient funds in your account before writing a check.

In Texas, a collection agency can potentially levy a joint checking account, even if the debt was solely your spouse's prior to your marriage. Joint accounts are considered the assets of both account holders and are subject to collection efforts. It is advisable to consult with an attorney for specific legal advice regarding your situation.

No that had to go to court to be able to do that. You will have to prove how much you need to live on and they will take the rest.

Unfortunately, this is very legal. You should have received a legal notice informing you of the garnishment.

With a basic bank account, you typically get essential banking services such as a debit card, online and mobile banking access, the ability to deposit and withdraw money, and the option for direct deposit of your income. Basic bank accounts often do not offer features like overdraft protection or the ability to earn interest on your balance. They are designed to provide a low-cost and accessible banking solution for individuals who may not qualify for or require more advanced banking features.

Setting up a direct deposit pay on a checking account involves a few things like providing the sender your name as it appears on your account. Other things that one has to provide include an account number and a U.S. Bank SWIFT code.

I checked the Suntrust site and couldn't find an "online checking account". Suntrust offers a nice discount on loans in other products to its checking account holders though. BankRate.com compiles data involving the major banks and thier interest rates.

POAs, depending on what type and the terms agreed upon (POA docs must state that you have the ability to perform financial transactions on their behalf), may do things on your behalf, but cannot become a joint owner on a new account. In cases of Springing POAs, (POA agent status only when you become incapacitated) you could have a joint account, but this is only when there is a pre-existing joint account. As a POA agent, you MAY be able to open accounts on behalf of this person, but when he/she passes away or revokes the POA agreement, the account is closed, transferred into their name, and you will no longer have access to the funds. So if you know that this person will be incapacitated for a long period of time, or will pass away, it may be in both of your interests to go to the courts and establish you as the Administrator (still living) or the Executor (passed on) of their estate. This can be court appointed if this person is incapacitated, but usually this is done while the person is still healthy and well. Admins and Execs typically have more priviledges than POA as to what they can do. If you still have more questions, I would suggest contacting a lawyer or you can always go to a college that offers law degrees.. they often have senior students that provide legal advice (with assistance from actual lawyers) for free.

Wells Fargo, if your parent is added on the account with you. They have a checking called the "teen checking" that is specifically designed for people between 13 and 17. Once you turn 18, you can open an account without your parent having to be on it with you.

any money can be deposited into a levied account. However regardless of who's money is deposited no one can withdrawl money from a levied account until the full amount of the levy is met and the levy has been removed. it's just my opinion but if you are part owner of a levied account I would make absolutely certain that your paycheck was no longer being direct deposited into that account.it can be pure misery trying to get that money back. Remember that if a creditor has taken the time and energy to go through the legal system to have a levy imposed, you can be certain they want all of the money they feel is owed them and they really don't care what your circumstances are or that the money didn't acually come from the acual debtor. As long as the debtors name is on the account they can take the money and you would have to go to court and prove that the money was yours.

The owner of an acount is the party responsible for the provision of sufficient funds to the account. A signer on an account is a party authorized by the owner to withdraw from the account. Example: Company ABC owns the account; Treasurer Mr. XYZ is authorized to withdraw funds (make payments, etc) from Company ABC account. The owner of the account can also be a signer of the account as in a personal checking account.

All of Yvette's money in both her checking account and savings account is FDIC insured. The FDIC insures up to $250,000 per depositor, per account category in the event of a bank failure. Therefore, the entire amount of Yvette's combined deposits of $257,371 is covered by FDIC insurance.

One can find information about share dealing accounts on various websites like SantanderSharedealing and Shareview. Both websites offer a great amount of information about share dealing accounts.

Some virtual banks in Canada that offer no fee checking accounts include Tangerine, EQ Bank, and Simplii Financial. These banks typically do not charge monthly account fees, and they also offer additional features such as no minimum balance requirements and unlimited transactions.

Yes, Chase Total Checking bank account is available to Canadians and has been since Chase Total Checking has been operational. This form of Checking is on-line based and it doesn't matter what location one uses it from.

Banks often have the right to deduct service charges from your account, even if it results in a negative balance. This is typically outlined in the terms and conditions you agreed to when you opened the account. It is important to keep track of your small forgotten accounts to avoid such charges. You should contact the bank to discuss the negative balance and see if any resolution can be reached.

A checking account can be considered a liability from the bank's perspective because it represents a debt or obligation that the bank owes to its customers. The bank is required to hold and maintain the funds in customers' checking accounts and make them available for withdrawal or use as directed by the account holder. Therefore, from the bank's point of view, checking accounts are liabilities on its balance sheet.