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If a freeze was put on your checking account because of a debt how long after you pay it will the freeze be taken off?
A bank account can only be seized by the excution of a judgment writ by the court. The funds can usually be held for a maximum of thirty days, for a ruling to be made on the amount that can be taken. If the debt is paid in full, the account should be reactivated within a reasonable time, generally 2 business days. Unless the account could be used as an offset for monies owed the bank where the account is held. The bank can then claim the entire amount in the account and future deposits to pay the debt.
What else can I help you with?
What is a debit to your checking account?
A Debit is a transaction wherein money is debited or withdrawn or taken out from your bank account. For Ex: You use your ATM card to withdraw money from an ATM, this transaction will be reflected as Debit in your account because you have taken money from your account
How can one save money in an organized and fashionable way?
The easiest way is to set up an automatic debit against your paycheck or checking account at your bank, with a specified amount being automatically taken from your paycheck or checking account and deposited into a savings account.
Can a forgein bank draft be deposited in a regular checking account?
Yes you can. All banks accept drafts taken in any widely accepted currency across the globe. However, the time taken to cash the draft is usually longer than the time taken to cash a local currency draft, because the bank has to get the funds from a foreign bank and then only they can credit your account with the money.
Who can freeze a bank account in Louisiana?
A bank account can only be "frozen" via a valid court order. Such action is generally taken by the account holder(s) not the judgment creditor. The reason being that the funds in the account are jointly held and one or more account holders are not the judgment debtor.
Can a court freeze a business account?
Yes, a court can freeze a business account as part of a legal proceeding, often to prevent the dissipation of assets during a lawsuit or until a judgment is reached. This action is typically taken through a court order or injunction, which requires the bank to restrict access to the funds in the account. The court may impose such a freeze in cases involving fraud, unpaid debts, or other legal disputes.
Is the bank liable for money taken from a checking account electronically?
If the incident happens because of the carelessness of the customer in protecting his logon id and password the bank is not responsible. If the incident happens due to some mistake in the bank system then it is liable.
What does debit an account mean?
A Debit is a transaction wherein money is debited or withdrawn or taken out from your bank account. For Ex: You use your ATM card to withdraw money from an ATM, this transaction will be reflected as Debit in your account because you have taken money from your account.
What means of debit?
A Debit is a transaction wherein money is debited or withdrawn or taken out from your bank account. For Ex: You use your ATM card to withdraw money from an ATM, this transaction will be reflected as Debit in your account because you have taken money from your account.
Checking account that is joint with right of survivorship the joint owner of the account has recently passed away can you close the account?
Maybe. How the account is established determines what action can be taken by one account holder.Generally if the names of the account holders are separated by "and" then both need to agree to any action taken; if the account names are separated by the word "or" then either holder can act dependently of the other.
Do you have either an online checking account or an online savings account?
Many banks offer online checking accounts along with my own, which is Wachovia. If you are a new or existing bank member, the easiest way to find out about an online checking account is by either visiting the bank's website or calling their customer service. It is usually a very easy process to set up an online checking account for yourself if your bank has those services available. My bank does offer a checking account that I can access online. What I am able to see is all transactions that have taken place in any given timeframe and my current balance. It also allows me to transfer funds between my accounts. I don't know if they do or not My personal account has online banking. But I don't use it at the Moment.
If you had a joint checking account with your deceased mother will you have to put it an estate account?
Yes, typically when one of the joint account holders passes away, the joint account automatically transfers to the surviving account holder. However, it is advisable to consult with a legal professional to determine if any specific actions need to be taken, such as transferring the funds to an estate account.
How does one accept credit cards?
To accept credit cards, you need a special service called a merchant account. Merchant accounts basically is a very special bank account which deposits money taken from credit card transactions into your checking account. There are many ways that credit card transactions are submitted, such as online through payment gateways, or in a retail store through a credit card terminal, but at the end of the day, funds go into your merchant account and eventually your business checking account.
