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Commercial Bank and Checking Accounts
Checking accounts are deposit accounts that allow customers to deposit or withdraw any amount of money, subject to funds’ availability. Most commercial banks offer checking accounts to both individuals and companies.
3,404 Questions
They bank will release it to the estate. You need to get an estate opened and be appointed the executor. You will then be able to obtain access to the account. Don't forget to contact the Social Security Administration, there is a small death benefit of a couple hundred dollars there as well.
What is needed to open bank account?
You can walk into any bank with the below documents to open a bank account: 1. Address proof 2. Identity proof 3. Photograph 4. Introducer For address and Id proof you can use your driving license or passport or ration card. Most banks expect you to bring a friend or relative who already has an account with the bank as a gesture of trust.
What is the meaning of MIS - Management Information System - when referring to banking?
The term MIS or Management Information Systems is basically referring to the system that is used for managing (in this case) a bank or banks daily transactions. It is a term coined to represent management of information whether it be a bank or your own household budget, but refers mainly to (again in this case), computerized accounting. However, MIS can represent a corporations computerized system that handles all information for and about the corporation.
Can you trust an abuser to honor agreements?
Generally , no you cannot. An abuser by nature is not trustworthy. When someone abuses you, they tell you right there that you are less. They lie and blame to make you think that you are responsible for the abuse- you made them do it. They seem to be able to treat everyone else, including strangers, better than you. Abuse is a vicious cycle. The abuser may mask the problem for a while and get you to feel comfortable in the relationship but the cycle will always kick in again because the reason they abuse is always there in their own head.
Remember that ab abuser must always try to control, intimidate and manipulate you so they will agree to anything just to fool you into staying in the relationship. You need to seek professional advice to help you understand why you accept that kind of treatment and how you can move on with your life without the abuser.
When someone's name is on an account, it means they own the money in the account and have access to the account. When someone's name is on the account as beneficiary or "in trust for", it means they have future ownership of the funds in the case that the owner dies. Until that happens, the beneficiary has no ownership or access to the funds or information about the account. Sometimes, the trustee doesn't even know they are on the account as beneficiary.
Example:
"John Smith as trustee for Timmy Smith" or "John Smith in trust for Timmy Smith"
John is owner, and has access. He is also known as "Trustee"
Timmy is beneficiary, has no ownership or access until death of John Smith
hope that helps
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The trustee or owner of the money doesn't necessarily have to die for the beneficiary to gain access to the funds. Sometimes it is the Trustee's duty to release a little money at a time, over time. The point being the Trustee is in a position of trust having a "fiduciary duty" to the beneficiary, in this example the duty of releasing the money according to the owners wishes. The Trustee administrates the Trust, and might not be a beneficiary at all. The beneficiary has ownership under the law "in equity." The Trustee has ownership in common law until his fiduciary duties have been discharged. That said, Trust Law is a very unsettled branch of the law.
How InterNet providers are earning on Free email accounts Is it safe like bank account?
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What are the important of computer to banking?
The role of computer in banking sector is very wide. This is used for recording transactions and has the database of the bank among other integral functions.
The effects of bad and doubtful debts on the profitability of a commercial banks in nigeria?
Bad and doubtful debts decrease the amounts of profits that a commercial bank in Nigeria can make. Because the banks cannot collect these debts, they make significant losses.
How do you get a anti terrorist clearance certificate for Spain?
WARNINGS: SCAMS Anti-Terrorist Certificate ScamThe European Commission has learned of several attempts to defraud individuals and companies via e-mails from persons promising to invest large sums of money. We understand that intended victims of the fraud are asked to provide an "Anti-Terrorist Certificate" in order to allow international money transfers to be made. The certificate is said to be a legal requirement established by the European Commission. Victims are told that they must pay up to EUR 50,000 in order to receive this certificate, and failure to pay the fee will result in the funds being blocked.
Please be advised that any such demands should be treated as a hoax. The European Commission does not require such an Anti-Terrorist Certificate nor does it request fees in association with the international transfer of funds. There is no "Commission Patriot Act of London, July 2005 (Public Law 313)" nor any similar Act, Law, Regulation or Directive.
Persons who receive a request to pay for a certificate of this nature are strongly advised against making any payment. For issues relating to international money transfers, the first point of contact should be your bank. If you suspect fraud, you should contact the anti-fraud authorities in your country.
For information on the European Commission's activities to stop the financing of terrorism, please visit the following website: http://ec.europa.eu/justice_home/fsj/crime/laundering/fsj_crime_laundering_en.htm . ---- Scam Concerning Employment with the EU We have learned recently of individuals being told by email that they had been accepted for training & a post within the EU and that they should send money for the training--part of which would be refunded once they took up the offered post. This, of course, is not the way in which posts are filled in the EU. Anyone receiving such an "offer" is advised to treat it as computer spam. Our only bona fide website advertising employment is the European Personnel Selection Office. EU security & US law enforcement authorities have been informed. ---- EU Green Card Lottery Scam There is no such thing as an EU Green Card Lottery. Any company, individual or organization claiming that there is an EU Green Card Lottery where applicants can win a green card for the European Union is wrong and its action are not in any way endorsed by the European Union. ---- Printer Friendly
European Union - Delegation of the European Commission to the United States
2300 M Street, NW, Washington, DC 20037
Telephone: (202) 862-9500 Fax: (202) 429-1766
Why is a CD better then a savings account?
Because they earn a higher interest rate than savings accounts. The interest on CD's is atleast 2-3% higher than savings accounts.
On the downside, the money in your CD is not as liquid as your savings account and your bank may charge you a penalty if you withdraw the money before maturity date.
From the few symptoms given, this sounds like "Borderline Personality Disorder" or BPD. This is a serious mental condition that can be very debilitating as it interfers with almost every aspect of a persons life. There is a very good answer in the Wikipedia already, and if I can figure out how it is done, I will show you the web link. If I am not sucessful showing you the web link, please just look up "Borderline Personality Disorder" in Wikipedia. Anyway, here goes trying to paste the web link: http://en.wikipedia.org/wiki/Borderline_personality_disorder Good luck to you and don't give up!
Bulletsamach
If you quit paying credit card companies can they intercept PAYMENT FROm your checking account?
They commonly put this right in the agreement you agreed too & signed when establishing the credit, and as a term/condition for them giving it to you.
You realize your trying to ask, or find, a way the credit card company is acting wrongly for you not paying what you swore you would? Why shouldn't they be allowed to get from you, under any method possible, after believing in you and doing what asked and you swore and said you would pay?
But, if you want to consider absolutely wrong and not allowed actions, even dumb....you can't --decide-- to "quit paying" your debts for things you already took. That isn't an option now...although it was in fact an option available before you agreed to give it up by taking stuff you wanted and saying you would pay.
Don't be too indignant or quick to try and find fault with others....unless you can tell me what you possibly think the difference between your being proud about "quiting paying" what you took and being a liar and thief is?
Can anyone open a joint bank account?
only if both parties go in together as paperwork has to be signed by both parties as well as ID from both fopr joint acct
Why would you freeze a checking account?
The most common reasons are to keep any fraudulent checks that have been written from being deducted from the balance. Or to keep an unwanted person from accessing the account to withdraw funds.
Is fee charged for closing Smith Barney account?
Smith Barney brokers usually charge a fee when closing an account. The amount of the fee varies from $20 to about $95.
What is the Branch Solid of Union Bank of India?
Branch solid id actully tell us about the branch code of the particular bank this is similar to branch code
You may do that, only if their is a lot of money or medium type of money... because if their is not much money and you have to give that amount of money again. Then you can SUE that person hard.
How do you check my account balance in Habib Bank Limited Pakistan?
yes i put my account no then i will check my banlace
Banks are used by individuals the world over, but there are a few notable disadvantages that have been made public. Banks have been known to charge "foreign" debit charges when using non branch ATM's, overdraft fees that can add up for each item overdrawn, and monthly maintenance fees. The best thing to do is research the bank before opening an account with them to weigh out the best option.
E-banking is defined as the automated delivery of new and traditional banking products and services directly to customers through electronic, interactive communication channels. E-banking includes the systems that enable financial institution customers, individuals or businesses, to access accounts, transact business, or obtain information on financial products and services through a public or private network, including the Internet. Customers access e-banking services using an intelligent electronic device, such as a personal computer (PC), personal digital assistant (PDA), automated teller machine (ATM), kiosk, or Touch Tone telephone. While the risks and controls are similar for the various e-banking access channels, this booklet focuses specifically on Internet-based services due to the Internet's widely accessible public network. Accordingly, this booklet begins with a discussion of the two primary types of Internet websites: informational and transactional.
For the source and more detailed information concerning this subject, click on the related links section indicated below.
Is it legal to cash a one million dollar check for cash?
It is technically "legal" to cash any check that is properly negotiable and made payable to you. That said, you are going to be hard-pressed to find any bank that will allow you to take out that amount of cash, for various reasons, and especially if you do not have matching funds in your account there already.
And why would you want the risk of traveling, even fifteen feet outside the door to your car, with that amount of cash anyway?
Who can access a joint savings account?
Both people can and that's why it's called a 'joint account.' If you have one with a live-in boyfriend or your husband than both of you would have access.
