Go to the bank that issued it with your ID and cash it.
yes
you have to have money then you must put it into a bank then you have a bank account.
If the account was in the name of the decedent only, the money in the account becomes part of the decedent's estate which is then distributed according to the will.
Simply put: yes. You can use ACH to transfer money from one account to another.
They can deposit money into their personal bank account but they shouldn't. It will mix funds and accounting and taxes will be challenging. They can also be accused of wrongdoing.
Yes they can.
No. A company cannot have access to certain pieces of your personal information, including your personal checking account...
Yes. A Bank account is the personal property of the person who owns and operates the bank account. It will be considered an asset for the account owner. Anything that has a monetary value and belongs to someone is called an asset. Since a bank account is worth as much money that is in the account and belongs to a customer, it is the personal property of that person.
It is a debit because money is being taken from the account. You debit the owner's capital account and credit cash/bank.
American Express Personal Savings account is currently offering one of the highest interest rates on your money. They are offering a 1% interest on your money as of August 2011 with no fee.
Someone can find a cheap deposit account at a local bank that does not charge you very much to open a deposit account with them, or just spending no money and keeping your money yourself.
a debit card is used to withdraw money from your personal account while a credit card is money that you use from the banks account that does not belong to you and you to pay it back.