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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
Can a son withdraw funds from his fathers joint account?
if they are joint on the account together than yes
Can a person wire money to your checking account?
Absolutely - all they need is your account number and bank sort code.
Is there a time limit for cashing a certified check?
is there a money amout the bank will no cash on a certified check?
Can a bank freeze all your bank accounts after a repossession?
A bank can take the money you have held in its accounts if you owe it money. Even in a bankruptcy, you need to pull any money out of the banks you owe money to.
NO, unless you give them permission to in the contract. I don't rem the term for it,its not vey common. That's why you have to actually READ the fine print in the contract you sign.
Unless it is in the contract they can not do it..If they had a judgment that would be a different story. Then what they would have to do is, get a order of execution against the account then they would be able to take they money..actually the court officer would go and take its fee, and then take all the money from your account and freeze the account for 30 days....Bank levy....
What happens to your money if the bank closes down and you never withdrew it?
contact a lawyer if the bank numbers don't work and you cannot contact anyone else. Don't let them BS you, call a lawyer, they know what to do.
What are the various services offered by retail banks?
Savings,checkings,and money market accounts are offered by retail banks.
What is fid loan in bank statement?
Financial Institutions Duty, a state duty which all financial institutions pay on the money paid to them.
--pranav@dubey.in
If i use my bank account as a credit reference on a application can they look at your balances?
Banks respond with an AVERAGE BALANCE (either over the last year or the last three months, depending on the bank). Whether that balance is reported on one specific account or an aggregate of your accounts will depend on the bank in question or perhaps what information you provided on the credit application. Many banks will not provide a referance unless the requestor submits your account number and your signed authorization.
Are Bank America checking accounts available online?
Bank of America checking accounts are available online. There are apps available to deposit, transfer and even withdraw money from the account to other accounts. Images of written checks are also available to view.
Collection agencies do not normally have that power without a court order. You should go see a lawyer ASAP.
If you already have a bank account can you add a beneficiary to that account?
Yes. You can sit down with your bank representative and select a person to whom the account will be payable upon your death. That will avoid the need for probate for that account. You will need that person's social security number. Different banks and states have different practices. An inquiry at your bank will disclose what you need to do.
How would you run a report that listed only disputed transactions?
How would you run a report included only disputed transactions over$500?
Yes. You violated the terms of the financial agreement and as such are demonstrating your irresponsibility as a credit risk. That is the purpose of credit reports to a credit bureau. It exists to report your history as a credit-worthy individual.
Why do you receive emails about your account at a bank when you do not have an account at that bank?
This is a fraud technique call 'phishing.'
They perpatrator sends out spam emails to thousands of people using any one of a number of techniques and throw away mail boxes. Out of the thousands of people that get the message, a few dozen may actually have an account with the bank in question.
If they actually believe the email is real, they will click on the link, which will look exactly like the official bank web site, and they will enter their id and password. The fake website will record the information. This allows the criminal to use the ID and password to transfer money out of the account into their own accounts.
The crime is very hard to track and presecute. I'm sure your bank has a page or two regarding these problems and suggestions for making sure you do not become a victim of the crime.
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<P>Be Careful! That's fishing spam where they want you to post personal information, then steal you blind.
<P>Just ignore all such emails. We have to be cautious these days.
<P>NOBODY will send you money, gifts or ANYTHING UNSOLICITED on the internet. Never send a stranger personal info. --if you found a free cookie on the sidewalk, would you eat it?
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What does Bank of America No 510000859 indicate?
It is the Master Routing number for Deposit Slips for Bank of America.
What is difference between schedule bank and co operative bank?
NBFCs are doing functions akin to that of banks, however there are a few differences:
(i) a NBFC cannot accept demand deposits (demand deposits are funds deposited at a depository institution that are payable on demand -- immediately or within a very short period -- like your current or savings accounts.)
(ii)deposit insurance facility of DICGC is not available for NBFC depositors unlike in case of banks. and
(iii) it is not a part of the payment and settlement system and as such cannot issue cheques to its customers;
The revenue budget primarily comprises Government
revenue receipts like tax and expenditure met from the revenue.
The tax revenues principally constitute yields of taxes and other
duties imposed by the Government of India.
Do you need to keep check stubs from business checks?
yes because you will need it just incase there is a cheque bounce and if you are not sure which will help you remember ther day you sent it and the day they should have recieved it, (sham'z wave)
