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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

Your friend owes a lot of back taxes you are on his checking account to pay his bills for him you do not use the account as your own Will you be responsible if the tax man cometh?

no, as long as you don"t co-mingle your money w/his and keep your acounts separate from his. you can be co-signature on his account if IRS decides to attach his account don't have your money in it. or you will lose

What does POD mean on a bank statement when two people are listed?

it means PAYABLE ON DEATH......usually a spouse or Dependant is added to an account with this verbiage. they only have access to the funds if the main account holder dies.

View my chase checking account number on credit report?

Personal checking accounts will not show up on your credit report. If you have a Chase credit card, you will see some information about the card like reported balance, status, and maybe the current APR on your report, but you won't see any information about to the checking account you use to pay the bill...

What type of investment charged a penalty if withdrawing money early from this type of bank account?

Time Deposits or Fixed Deposits are a type of account which you open under the agreement with the bank that the money will be deposited with the bank for a fixed duration of time. As a result, the bank offers you a higher rate of interest. Though you can withdraw money early from this deposit account, banks will charge you a penalty because you are breaking an agreement which was offering you a higher rate of returns.

If you die what happens to the money in your checking account?

It becomes a part of your estate and is used to pay off any debts. If there is any money left, it will go to your heirs.

How much does an office manager make in the Boston area?

Office managers in Boston make a little more when compared to those working in other areas. The median salary for an office manager in Boston was pegged at $71,902.

Who are the 20 AA rated banks?

ANZ, NAB, Westpac, CBA, MUFG, SMFG, Mizuho, ING, UBS, Credit Suisse, Banco Santander, Toronto Dominion, Bank of Montreal, Royal Bank of Canada, Bank of Nova Scotia, HSBC, Standard Chartered, Bank of Singapore, DBS Bank, IOCI Bank

What is a Fiscal first-quarter profit in reference to business?

The net earnings in the first three months of a new business year.

If a corporation's fiscal year ends on December 31, for instance, the first quarter is composed of the months January, February and March.

There are four quarters in a fiscal year.

How can you get a new checking account if you have been on the chexxsystems for about 3 years and everywhere you go denies you?

== == == == == == Certain banks will allow you to open a second-chance checking account, however, you may not be able to receive certain services like a debit/ATM card, or Direct Deposit. This, however, is dependent on what type of record is reported to CS and if owed balances have been paid. If you were kiting checks or comitting fraud, banks will not allow you to open this type of account.

There are many banks and credit unions that do not use chexsystems or ones that will open accounts for those on chexystems depending on where you live

Does Arkansas law allow checking account garnishment?

Yes, they do. Unfortunately, they will take every penny that is in your account, and they won't tell you before they do it either. All they have to have is a judgement against you. I was falsely informed that if my husband's name was on the account that they couldn't take money from the account, but that wasn't true either. They can garnish any account with your name on it, or with you as a co-signer. The smart thing to do is to take your money from the account and have your pay deposited into an account that doesn't have your name on it...someone you trust like your spouse or parents or child. They can garnish your pay as well, but only 25%.

What is the minimum age in the US for opening a checking account?

18

not necessory its not necessory to be 18,i have my daughter a/c in VIJAYBANK at karnal she is 12 years she handles her a/c and one more at state bank of patiala more you can ask me at indupalsingh gmail com

What is a commercial crop?

One that's grown to be sold for money rather than to be eaten. (tobacco, cotton)

Can you do direct deposit if your name is not on the account?

No, you cannot have direct deposits into an account that you are not listed on. However, many account holders can add Power of Attorneys (POA) on their bank accounts, which is basically an authorized user. This person would have the same rights as the account holder, but the account holder is liable for the account. So if the account holder were willing to add you onto the account as a Power of Attorney, then you would have the ability to have direct deposits into the account, as well as full access to the account. The account holder has to go to the bank in-person to do this and must provide identification and sign off on this.

What is a Co owner on a checking account?

A Co-owner on a checking account is someone who has full access to the funds. They are able to deposit and withdraw money from the account, write checks on the account and disperse them. A benefit to having a co-owner on an account is the ability for more than a single person to access the account if, god forbid, the other co-owner becomes sick or dies. A huge drawback is that the co-owner may abuse the account and legally be able to use all of the funds. If a married couple becomes separated or divorced it is encouraged they close their joint account and reopen separate ones.

Does the wamu.com offer free checking?

Wamu.com, who is soon to be owned and operated by Chase Bank, does offer free checking services to its customers. Once Chase takes over Wamu.com this free service will continue.

What is the routing number for USDirect Express?

This is the number and I think it is at raucous that this is online. Just another tool for a hacker to have! What is next, our account number?

533248018213497

Crash101.1

What is the Standard Chartered Bank's vision and mission?

Standard Charter Bank's vision and mission is "To be a World Class Shared Services Centre for the Standard Chartered Group."

What is the minimum amount needed to open a checking account with Compass Bank Online?

Compass Bank offers 3 different types of checking accounts, Compass Link, Build to Order, and Basic. All 3 choices however have the same minimum to open an account set at 25$.