A signature card
The person authorized to write checks on an account is called the account holder or account operating customer. He/she is the only person authorized to write checks on that account. Nobody else can do so. (In case of a joint account, all holders of the account can write checks)
As long as you were authorized to write checks, no, the other person has no case to press charges against you.
A standard checking account at most banks is an account where a person puts money in, and then they can write checks to pay their bills or get cash. A standard checking account might have a minimum balance the account holder has to maintain, without being charged a service fee.
If you have a checking account you order checks. No letter is needed. You can order them through the bank or through an independent source. I have had my photos put on checks so there are any number of designs you can have, but you do need a checking account number and a routing number from your account to order checks. A person without these just can't get checks that are illegal tender.
Your acct no is on your checks or statement, you have to go in person for a new pin if you lost that.
Typically no. A regular joint checking account just allows two people to have access. Either person can write checks, use a debit card, withdraw money, etc.
A standard checking account at most banks is an account where a person puts money in, and then they can write checks to pay their bills or get cash. A standard checking account might have a minimum balance the account holder has to maintain, without being charged a service fee.
yes, but they can also wipe you out by writing a check on your account or going to the bank and withdrawing your money, so be sure you absolutely trust the person. you can have it set up where you both have to sign the checks, but that kinda defeats the purpose.
No. The authorized user/signer will have to apply for an account using their own credit history.
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.
Yes. The name/names on a check simply means they are legally authorized to sign it. * The names on the checks are really not the issue. When a checking account is jointly held one of the holder's cannot simply take their name off the account. The account has to be closed and each party will be required to open a new account in whatever status they choose. It would be in the best interest of the person wishing to be excluded from financial responsibility to contact the bank to make certain they have been relieved of all responsibility concerning the account. The UCC states that only the signer of a check is responsible. However, not closing the account properly can create any number of problems for one or both account holders.
a trust account means you trust the person that is opening the account, and a checking account means you will keep checking it to make everything is okay.