Commercial Bank and Checking Accounts

Yes, with that persons permission and signature. You both would have to go to the bank and have you added and how it is listed on the account will also determine how the moneys can be drawn or written. If you get an account that says Sally and Bob both of you would have to sign for every check and withdrawl. If you get one that say Sally or Bob then either of you can make transactions. Ask the bank what the best way to set it up will be for the type of usage you will have.

Yes, you both would need to go to the bank with valid picture id's.

Your name, the name of the person or company that you are sending it to and the amount you want the check made out for

It usually means that an adult has opened an account for a child and has the ability to add/subtract or "control" the account for the child. Can also be for adults; ex-when a large amount of money is involved and custodian wants to limit beneficiary's access. Basically, someone besides the account holder who has access to and can change said account.

I did the same thing and the bank did not honor the check

Effective cost of funding=[(1+foreign interest rate)(1+forward premium)]-1

In General more romanticism and chivaly etc have been added to the story as well as several characters , Lancelot etc

wat is current a/c

Between 52-56K annually, plus 10-12K in cash gratuities.Between 52-56K annually, plus 10-12K in cash gratuities.

it generally refers to the combination of commercial banking and investment banking.it is a supermarket for both wholesaler n retailer financial services as it offers awide range of financial servics

The business of receiving deposits on current, savings or other accounts;

paying or collecting cheques drawn or paid in by customers; provision of

finance, consultancy and advisory services relating to corporate and

investment matters; making or managing investment on behalf of any

person; and the provision of insurance marketing services and capital market business or such other services as the Governor of the Central Bank of Nigeria, may, by gazette, designate as banking business.

Under this concept banks are free to choose which activity or activities to undertake (money or capital market activities or insurance marketing services or a combination thereof) and are expected to comply with the guidelines specified for such activity or activities. Consequently, a bank will be regulated based on the type of activities it engages in. In view of the above, a single uniform licence will be issued to all conventional banks desirous of practising Universal Banking without delineation as to 'commercial' or 'merchant', after returning the old licence to the Central Bank for cancellation. Non-conventional banks like the development and other specialised institutions shall continue to perform their specialised roles.

By planning the audit, u make a blue print of your desired action. You will be able to complete your work in time. Allocation of work will be better and reporting too. You yourself will be happy and your client too.

Yes, it does. A garnishment can occur only where the creditor has obtained a judgment against you in a court of law. After the judgment is entered, the creditor can garnish your bank account if it knows where you bank. There are some exceptions to this, in that bank account that is jointly owned by husband and wife cannot be garnished, unless the judgment is against both spouses. The second exception is where the funds in the account are traceable to Social Security benefits. For more answers to similar questions on PA laws, please visit my website at www.gregartim.com

The bank on which a cheque is drawn (the bank whose name is printed on the cheque) and which pays the amount for which the cheque is written and deducts that sum from the customer's account.

If the judge awards that as a method of satisfying the terms of the loan, probably.

No they cannot. The check can only be honored with funds from the account it was written on.

YOu should keep bank statement for 7 years, in case you get audited

== == The answer is No. Not unless you call and make a formal request. Even then they will tell you it is up to Chexsystems and it will stay on your credit report for 5 years. Chexsystems will tell you to call the bank. My advice is be clear about what you are paying for, ask questions and get names.

Yes, if a creditor wins a lawsuit and is granted a judgment, said judgment can be enforced as a bank account garnishment. A joint account (even a marital one) is subject to attachment to the extent of the debtor's share.

It is likely the account will have to be partitioned; meaning the parties will need to show proof to the BK trustee of the amount of funds belonging to each account holder.

I don't know if this helps anyone or not but I know that I have a friend who had went to court several months ago over a dr bill. The judgment was set for her to pay so much a month. She missed a payment and then all of a sudden she started getting bounced check notifications in the mail. when she called to find out what was going on because she and her husband had just been paid, the bank told her that there was a levy put on her account.

No. A collections agency can garnish wages. A court can order you to pay up, but no one can go into your checking account and take money away. A checking account can be seized by the IRS or by court order.

a collection agency did seize and close my checking account, by court order, without knowing where or even if I had an account. so yes it is possible. this happened 2-20-2006

A creditor must follow due process meaning a winning a lawsuit and having a judgment entered against the debtor defendant and then executing the judgment as a bank account levy. In some cases the creditor will ask the court to "freeze" the funds in the account until the case is heard, this is generally done when there is a reason to believe the debtor will attempt to transfer or remove the money. It's a fairly simple matter for a judgment creditor to find a bank account, especially if they have kept a record of payments made from the account. Joint accounts are also subject to judgment levy except with the exception of marital counts held as TBE. The IRS and/or state tax agents cannot arbitrarily remove money from an account they must have a court order and the debtor must be informed before the account is seized. With the exception of the state of Massachusetts the IRS may only levy a bank account once.

If your name is on any account or CD, it is an asset of your bankruptcy estate. If the money cannot be exempted, then it can be siezed by the Trustee. However, if these are funds that are held in a Trust or become yours only upon the death of the holder of the funds, then they may not be reachable by a Trustee. If the person dies within 6 months of your bankruptcy filing date, then the money will have to go to the Trustee.

No, a checking account is not correlated to your credit score. The only reason why you have to give your social security # is to prove that you have no outstanding debt with any other banks.

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Actually, there is a correlation. Having a checking account doesn't improve your credit score, but you can be accepted or denied an account based on it. If you have bad credit, or no credit, you may be denied from a variety of bank checking accounts.

I was told by my lawyer it does improve your credit if you keep your checking account in good standings he said the bank report it monthly to the crdit bureaus thats just what i was told

Yes, unless it is a marital account held as Tenancy By The Entirety (TBE).

Answer

Most banks that use chexsystems will not allow you to open an a savings or a checking account if you have been reported. There are more credit unions that allow those reported to chexsystems to open a savings if you are eligible for membership even if your chexsystems report is stopping you from having a checking with them.

There are some Nationwide banks like ING Direct that will allow anyone to open a savings account. They do not use chexsystems at all. Of course ING requires a person to link to an existing checking account. Chances are a person on ChexSystems doesn't have any kind of bank account nor can they get one. So pursuing opening an account with ING is not possible.

Paying the debt owed to the reporting bank will NOT remove you from chexsystems. Many times paying off a debt that is owed to the reporting bank(s) can cause you to be reported even longer. The bank or credit union is allowed to report you 5 years from the last date that the account was paid on/or paid off.

Answer

Eventually it will just be easier to pay off the bank that put you on chexsystems in the first place. Often people get into trouble with overdraft fees, particularly before the 2010 laws, but they still owe the money, and there is really no way out without settling up with that bank.