Commercial Bank and Checking Accounts

it depends on what kind of a husband he is.

Simple answer: yes, the IRS can levy anyone, anything, anywhere, anytime. Pay them what you owe, or they will take it...

On another note, if you are referring to a matter of owing the IRS on a personal level, they may choose to simply levy any personal accounts you have instead of drawing from the corporate checking account.

You do not need the routing number if you are going to that person's bank and making a deposit. You would only need the routing number for an electronic transfer.

They are processed the same as all other checks, however, the availability is different. Cash tends to be available immediately. Your bank may also give you immediate credit for a cashier's check, but most provide next-day availability.

Yes as long as your bank has ATM's.

BOTH accounts:

- accept unlimited deposits of cash and checks

- are, in the United States, FDIC insured up to the applicable amount

- are liquid, meaning you can withdraw at any time without incurring any penalties (however, there are limitations to the number of TIMES you can withdraw from a savings account in a certain period)

- can have a single owner or multiple owners

- can be accessed using an ATM card at an ATM

- can accrue interest, though checking accounts usually do not

- can be used as overdraft protection on another checking account, though usually this is something only a savings is used for

CHECKING accounts:

- give you access to your funds using checks

- can be withdrawn from an unlimited number of times

- are governed, in the United States, by Regulation CC, which guarantees a certain time frame of availability on deposited checks

- can be accessed using a debit card and/or an ATM card

SAVINGS accounts:

- do not have checks, but can be accessed using a withdrawal slip at the teller line

- can only be withdrawn from 6 times in a given statement period without incurring fees (some banks start charging fees at 3x), per Regulation E

You are probably not going to be able to make any changes to your account without appearing in person with your father (and both of you should bring your photo ID) to affect the changes with a bank official.

The limit that you can withdraw from an account might vary from bank to bank, and certain accounts may even have higher limits. The average you can withdraw per day varies from $500-$2000 USD, but you might have higher or lower withdrawal limits. If you need more cash the best thing to do is to walk into a bank with your ID and account numbers available.

A debit card or an ATM card.

Yes, but there is typically a limit to the number you can write before incurring a service fee. Check your schedule of fees or ask your bank for details specific to your account.

download the special format on the internet , and learn from the sample on the internet .

Yes.

Business checking accounts, just like all other checking and savings accounts, do not consider your credit when you want to open up a new account- you only need to be aware of any reports on you within ChexSystems*. As long as you are clear in ChexSystems, you should be able to open up a checking account with your deposit, personal ID, and Employer Identification Number (EIN).

With that said, it is hard to determine the best checking account for you as a new business owner, since banks of both the online and brick-and-mortar variety have different terms. Some may offer interest for keeping a certain amount in your account, while others may give discounts on their monthly fees to reward certain behavior. Always look around for the best deals and features that fit your needs...

* ChexSystems is a reporting agency where banks report accounts that become overdrawn for extended periods of time without any communication from the account owner. As long as your deposit accounts (checking, savings) remain in good standing or are quickly funded if they become overdrawn, you are relatively safe in Chex and thus would encounter fewer problems in opening new accounts versus someone who does have a "baddie" within ChexSystems...

Yes. A passbook is essentially a way to get a summary of transactions when a customer doesn't feel comfortable using online banking and does not want to wait for a bank statement. It is also a way to withdraw money if you don't have your account and customer numbers customized, but a bank teller can also look up your account information if you show ID.

I believe the perfect bank for you is either ING Direct or Ally Bank. If you just want the highest yield on your accounts period, go with purple (Ally). If you want great service and an innovative checking account concept with just a marginal drop in APY (for the savings account at least) you can't go wrong with orange (ING). Either one will ask if you'd like to deposit money, but I believe neither requires it...

Perhaps you know

Most banks either compund mothly or yearly. Find that out, and check the terms and conditions to see whether they use average daily balance (rare but good) or if they don't compund if you withdraw money (too common). If everything is going to compund, you multiply your balance by your % APY, which depends on the account and your bank. The number you get is the interest yield for the month or year!

The math explanation...

The equation: P=C(1+r/n)^nt where P is what youwill end up with, C is the initial investment, r is your % APY, n stands for how many times it compunds each year, and t stands for time in years

Example: 0.05% APY, balance = $10,000, compounded monthly

In one year, the equation is P=10000 (1+0.05/12)^12 = $10511.62

A Bearer cheque is one which the bearer (the person to whom the cheque was issued) can present at the bank on which the cheque was given and receive the cash

For ex: If I give you a cheque on my ICICI Bank account in Chennai to you, you can take that cheque to any ICICI bank branch in Chennai and collect the cash that is written on it (if i have sufficient balance in my account)

whereas a crossed cheque is one that cannot be cashed as said above. It can only be deposited into the payees (your) bank account

Technically the money is not in their pocket. The check must be deposited or cashed by the person it is written out to, or otherwise endorsed. If the payee does not cash or deposit the check, they cannot give it out like bills of currency. When the check is deposited, the money is taken out of the check writer's account and deposited to the person it is written out to. If you cash it instead, the institution gives you their money and takes money out of the check writer's account.

A savings account is a great place to save money towards a particular goal (like a car, boat, home, etc) while letting the amount grow in interest income.

You should contact the issuer of your debit card to determine the best way to withdraw your benefits from the card. Most likely they will inform you of a bank in your area that supports fee-free cash advances from the card. You may also be able to make withdrawals at an ATM using your PIN number (again, check with your card issuer to determine if there is a way to do this without incurring a fee) and should be able to use the card itself to make purchases at the store.

Ask them what month it is because most people in shock can't answer basic questions, if they are in shock cover them with a blanket and elevate their feet unless they have heat stroke. Also check for injuries and put pressure on bullet and knife injuries as well as pressure on any head wounds.

When an bank has its operations and branches in different states of a country.

The difference between the commercial banks and micro finance banks is in their functions and ability. The main difference is in the lending limits with micro finance banks having lower limits.