0
It depends on the terms of the trust. If the terms permit it, and the trustee agrees, yes. If not, and/or the trustee does not agree, then no.
Wiki User
∙ 15y ago
Add your answer:
Earn +20 pts
Can loan companies take money from my bank account even if i havent taken out a loan with them?
Loan companies normally can't take money from your account if you haven't taken out a loan with them. However, some loan companies send checks to people as ads. If you cash the check, you're taking out a loan and the company can take money from your account.
Can you get a loan without a banking account?
Banks and savings and loans may pre-approve you, but you will need to open an account with them if you choose to take the loan. If you have a problem opening an account, you will need to get that cleared first.
Can a person take out a personal loan from a joint account?
A joint account is just another bank account which can be used for any purpose. Yes, you can use it to take a personal loan or pay for one. There are no restrictions reg. joint accounts not be linked with personal loans.
How long does it take to receive a budgeting loan into your bank account?
I got my budget loan 10 days from when i sent my slip off
Can your bank take money out of your personal savings account to cover a loan that was given to your business without permission?
Maybe so. Look at the account agreement for your savings account and the promissory note for your loan. Both documents probably provide for a Right of Setoff. That means that the Bank has the right to take money from your deposit account to cover a delinquent loan account. Whether the bank can setoff a business loan from a personal deposit depends on other factors such as the type of business organization, whether you signed a guaranty agreement, the name of the borrower compared to the name of the depositor.
Can loan companies take money from my bank account even if i havent taken out a loan with them?
Loan companies normally can't take money from your account if you haven't taken out a loan with them. However, some loan companies send checks to people as ads. If you cash the check, you're taking out a loan and the company can take money from your account.
Can you get a loan without a banking account?
Banks and savings and loans may pre-approve you, but you will need to open an account with them if you choose to take the loan. If you have a problem opening an account, you will need to get that cleared first.
If you are behind on an auto loan can the bank take money out of your checking account to pay the loan?
Read your loan agreement....it probably has a clause specifying they can.
How does a loan account becomes NP account?
WHEN A LOAN ACCOUNT BECOME np ACCOUNT
Can a person take out a personal loan from a joint account?
A joint account is just another bank account which can be used for any purpose. Yes, you can use it to take a personal loan or pay for one. There are no restrictions reg. joint accounts not be linked with personal loans.
Should you trust someone who says they're overseas and willing to give me a loan with only needing a copy of my driver's license and bank account info and what all damage can they do if it is a scam?
NO! do not trust!
What if your not the primary name on the bank account can they take your money for a school loan?
The names on the account are irrelevant. If you've given them the account number, the school will take the money from the account - whether you're the primary name or not..
What is a trust banking account?
What is an in trust for (ITF) account?
How long does it take to receive a budgeting loan into your bank account?
I got my budget loan 10 days from when i sent my slip off
What does account duration mean in a loan?
what does account durration mean when getting a loan
Journal Entry for purchase of vechile on loan loan from finance co?
Bank account DR To Loan account
Is it possible for me to get a small loan for my business?
The biggest factor is whether you fully own the site. The bank will take that as high evidence that they'll be able to trust you with a loan.
