If the relitive signed the check over to you and then past away before you were able to deposit the funds the annuity may become part of the estate in that case the creditors would have to be paid first.
AnswerNo. However creditors may have a lien on the annuity and in that case they would have to be paid from the proceeds.No. No one can close a bank account when there are outstanding checks that must be paid to the bearer.
Yes, you can close your checking account even if you have a balance left on your VISA card. However, closing the account will not eliminate your obligation to repay the remaining balance on your credit card. You will still be responsible for making payments on the outstanding debt.
If a person has outstanding debt or overdrafts they may risk losing their checking account. First they should check with their bank if they are at risk and then if so search other banks for the second chance account and applying for it.
The timeframe for when you can open a checking account after being denied due to outstanding debt varies depending on the specific situation. It is recommended to speak with the bank or credit union that denied your application to understand their specific requirements and timeline for reapplying. Additionally, resolving your outstanding debt and improving your credit may increase your chances of being approved for a checking account in the future.
A US checking Account
No, a checking account is not correlated to your credit score. The only reason why you have to give your social security # is to prove that you have no outstanding debt with any other banks. ______________________________________ Actually, there is a correlation. Having a checking account doesn't improve your credit score, but you can be accepted or denied an account based on it. If you have bad credit, or no credit, you may be denied from a variety of bank checking accounts. I was told by my lawyer it does improve your credit if you keep your checking account in good standings he said the bank report it monthly to the crdit bureaus thats just what i was told
Yes - if the account is in joint names, and one of the named people dies, the surviving person assumes all liability for the outstanding balance.
A checking account is also called a transactional account or chequing account.
Your bank routing number is on the left side of the checking account and the checking account is next to it.
"A high interst checking account is a type of checking account that earns interest. Usually these accounts have higher interest than a regular checking account, but not as high as a savings account."
A business checking account is different from a personal checking account by the minimum amount of desposit. You can read more at www.business.com › Directory › Financial Services › Banking
Yes, a bank can freeze a checking or savings account under certain circumstances. This typically occurs when there are suspicions of fraudulent activity, court orders, or if the account holder has outstanding debts or liabilities. The bank freeze is a temporary measure intended to protect the account and prevent further misuse.