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How can you get money that was in a savings account with stockport and district trustee savings bank in 1967?
To get money from a savings account from 1967, you will need some information proving that the account is yours. Contact the state unclaimed funds department in the state where the account was held and request your money.
What happens to the money that you deposit in a savings account at a bank?
When you deposit money in a savings account at a bank, the bank uses that money to make loans to other customers and earn interest. In return, the bank pays you interest on the money you have deposited in your savings account.
How can one get their Bowery Savings Bank savings account money from March of 1992?
To retrieve funds from a Bowery Savings Bank savings account dating back to March 1992, you should first contact the current institution that acquired Bowery Savings Bank, as it was closed and its assets were taken over by another bank. Gather any relevant account information and personal identification, as this will be necessary for verification. You may also need to check for any unclaimed funds through state treasury websites if the account has been dormant for a long time.
What is the money you place in your savings called?
bank
How can a bank take your IRA and send it to Indiana unclaimed money when the IRA does not come due for 3 years?
The bank should not take your money and send it to Indiana's unclaimed funds division on an active IRA. Send a letter to the bank requesting information on why this was done. It may be that there is a clause requiring them to turn the money over to the state if the IRA is inactive for a certain period of time.
Does Bank of America have a department for dealing with unclaimed escrow refund checks?
Yes. BAC does have a department that handles the unclaimed excrow money. You can call your BAC phone number and they will connect you to that department.
How would you put your money in the savings account?
Take the money to a teller at your bank, or deposit it in the ATM at your bank.
Does every bank offer money market savings accounts to its customers?
Many banks do offer money market savings accounts but not all of them. It is best to check with your current bank about a money market savings account or if your in the market for a bank be sure to ask about this type of account before making your final decision.
What is withdrawing money?
Withdrawing money is to take the money out. Say, you are at a bank. You may want to take out money from your bank savings to spend. That is called a withdraw.
What is the difference between interest on savings account and interest on a loan?
The only real difference is that the interest on a savings account is money paid to you by the bank (usually paid quarterly by many banks). On the other hand, on a loan is money you pay the bank for borrowing their money. The reason the bank pays you interest on a savings account is because the bank will actually use the money you give them in your savings to pay others loans. So in basic terms, they are "borrowing" your money, so they pay you interest for doing so.
What are advantages to having savings in the bank?
The main benefit to having savings in a local bank is the ability to garner interest. Interest means that you receive, what is essentially, free money just for having a certain amount of money in a bank account.
How can you get money that was in a savings account with Franklin national bank?
Call the bank and request a check be sent out
