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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
Preferred banking can refer to a type of banking that has benefits including special privileges. Many banks offer this to premium banking customers.
I mean, how dare those idiots think your dumb enough to actually ever let them get what you owe them!
Sure...thats it...change accounts. No one else woulda' thought of that - your just one step ahead of the rest of us. And fearless too. What a man!
Boy....your slick.And that criminal act that puts you in prison (unlike the civil ones of not paying a debt)...you know the one even the "big time" Enron, etc guys get prosecuted under (because it's snubbing your nose at the authorities that make and enforce the laws)...what's it called again? Something like fleeing to avoid prosecution....oh know...this isn't cowardly fleeing, it's something else....maybe "hiding assets to avoid process..." or something. Oh, who cares.
I believe moving monies/assets to avoid seizure, after the process is started but before effected, which is how I read the Q, would be an illegal act. I am not aware of any bank that runs credit checks for someone to open a savings account or even a checking account...it is a costly and time consuming process and as they are not extending any credit on these, they certainly couldn't, nor would they be interested in, denying accepting the deposit. Especially as, (even if the one opening the account is a serial bad check writer), one of the major sources of pure revenue for banks is the substantial fees they charge for just returning NSF or overdraft checks (neither of which they honor or pay anything out on - unless your history with them is such that they feel confident they will recover it all). Heck, most of the time with newer or questionable accounts, they won't even credit deposits without recourse until the draft has actually cleared.Chex systems is not a credit report. It does not report credit. It reports only on accounts closed for cause. Not an issue in this case. The initial account is apparently open. (As below).
U.S. banks and credit unions report incidents to ChexSystems to protect themselves and other banks in the future. You get reported to ChexSystems if your account is closed for "cause." What is "for cause?" Banks differ greatly between them as to what valid reasons are for closing an account. Here are some examples:
- The bank was unable to collect for an overdraft, ATM transaction, or automatic payment which they honored on insufficient funds.(Regardless of amount, and often without waiting more than a few days!)
- Multiple overdrafts.
- Savings account, debit card or ATM abuse.
- Fraud.
- Providing false information in opening account.
Why does it take that long for a cheque to clear?
In the USA, there is no centralized or even unified check clearing process; clearing time varies according to on which bank a check is issued and at what bank it is cashed or deposited.
Will you have to pay tax on money placed in your checking account belonging to someone else?
You will if you get whats called a deposit audit from the IRS. I have had this problem in my past. Document where from and who to.
Is American bank account necessary to verify PayPal account?
No. An American Bank account is not necessary or mandatory to verify a paypal account. Paypal services are available across the globe and you don't need an American bank account to verify the paypal account. You can do it in any country with the corresponding country's bank account.
What are the disadvantages of using checking accounts?
Many checking accounts do not offer interest on the money in your savings account. This is a disadvantage because the money you put in a savings account will collect interest, where a checking account will not.
Why would a business open a checking account instead of a savings account to manage cash?
because there just good like that
Can you check your balance at a different ATM than your banks?
if network is same than it can , but if network is different than it depend on bank policy
What are Difference between home banking and on line banking?
the difference between home banking and on line banking is the way how to deposit and withdraw your money savings.home banking is you go personally to the bank company and deposit there . while on line banking is you just go to the electronic machine using w/ your card or via mobile phone .
Send money to son's bank account hassle free by own checking account safely online?
How about this idea? Open a joint account just for the purpose of transferring money to him. You put it in on some regular schedule. He takes it out wherever he is (college?). You both get online access so you can keep an eye on the balance.
An account where a specified amount of funds are made available for one to use in purchasing various items on credit. A 'line of credit' is generally issued and cannot be exceeded under normal circumstances.
Bank of America routing numbers in Chicago IL?
You can searcha listing of fed routing numbers by going to www.frbservices.net and you should be able to find routing numbers for Bank of America in any region.
If a wife has a checking account with only her name on it and she dies does her husband get it?
If she states in her will that her husband shall receive that account he will. She may leave it to anyone she chooses. If she dies without a will it will pass as intestate property according to the laws of your state. See the link provided below for state-by-state intestacy laws.
How do i find my wifes secret savings account?
Confidentiality laws will prevent you from doing this. You could ask her or if you are in legal dispute ask your attorney to help you get a court order forcing her (and you potentially) to disclose all your assets.
For MBA students help Research report on Finance?
Any readily available Research Report for MBA Finance Students
What does writing FOR DEPOSIT ONLY on a check do?
When you deposit a bank check or money order etc. and you write the words FOR DEPOSIT ONLY below your name and account number on the back of the check you are telling the receiving bank that you want the entire amount of the check to be deposit into your Checking and/or into your Savings account and that you are not to receive any of the funds from that check until it fully clears and the funds are fully available in your respective account.
Also by writing FOR DEPOSIT ONLY on the back of your check you are protecting yourself in the event the check gets lost or stolen because anyone who finds the check will not be able to cash it or deposit it into an account other then your own.
1 The primary form used in a checking account is a check register?
well lets get to the facts your mom is blue your sister is yellow your daddy is pink you are the rainbow
Where can you cash a 15000.00 check from the us treasury?
At your bank, or if you don't have a bank try a supermarket. US treasury checks are guranteed to be paid so there is less risk in cashing them. However, banks can require you to have an account there in order to cash any checks, to prevent fraud and losses to them.
Can you cash a us cashiers check in England?
It wouldn't be easy. You would have to go to a main bank branch which had an affiliation with the US bank. The admin fee is likely to be quite high as well.
Process how to check an account balance on ATM?
Below are the steps as to how it works:
- Customer visits the ATM and inserts his card into the machine
- ATM reads the magnetic stripe to identify the user
- ATM prompts the user to enter his identification pin number
- If the user enters an incorrect pin, the transaction is cancelled and the card is returned
- If the user enters the correct pin, the machine shows him a menu of operations like withdrawal, deposit, balance inquiry etc.
- User chooses his option - Ex: Balance Inquiry
- The ATM will ask you to choose your account type - Current/Savings
- Once you select it, it will ask: "Do you want a printed Advise" or "Display balance on Screen"
- choose the option you want and check your balance.
When two people open a bank account together you call it a?
It is called a joint account. A joint account is one when two or more people agree to operate a bank account in a joint/collective manner and are together responsible for the activities in the bank account. One party can carry on with transactions in the account with or without the knowledge of the other holders of the account
