Is my reserves within my online funds sketch risk-free from the subprime loan shakeout?
Question:
I have two online nest egg accounts (with two separate banks) earning great interest (5+%). Each details has considerable dollars. I'm concerned around the subprime loan situation.. and wondering if either of the two bank that I have my money contained by could be in jeopardy of collapsing. Any body hold input on this issue?
Answer:
If your banks are doing business contained by the U.S., your accounts are almost certainly FDIC insured. If there's any doubt in the region of this, check each bank's website. Your accounts should be totally protected, even surrounded by the unlikely event that the banks do fall short.
Only Safe up to the FDIC Limit. Many banks backfire in the USA. It happen more often next to occurrences of denial financial events. Look at all the failure (127) in 1991 - See history.http://www.fdic.gov/bank/historical/bank...
You should place your money into the safest companies contained by the world. Insurance companies! The way to do this is contained by Fixed Annuities. Do Not Use Variable Annuities: Total fees in Variable Annuities are 2.00% to 3.50%. Plus adjectives the Investment Risk is Yours and Not the Insurance Company.
Safe Money Places with Tax Advantages for non-qualified money.
Safe Money Places for Qualified Dollars: IRA's, Pension Plan Rollovers, etc.
Only place where on earth you can make Dollars and NOT Lose Dollars trying!
ONLY Annuities are The Best SAFE MONEY places! The three best are the following:
1. Fixed Index Annuities ------Where your vindication does NOT Decline in Value. -----Where the Interest you earn along the road does NOT Decline in Value. -------Where the interest you earn respectively year is based ONLY on the Upside of a Stock Index (You would adopt a limit on the Upside of right to be heard 50% participation within exchange for not having your narrative decline in appeal at any point in time, wouldn't you?? I know I would!!). Example: S&P 500 Index go up 30% you Earn Interest at 15% that year. S&P 500 Index goes down 30% you Earn interest at 0% that year and your hot index Start Point RESETS at the S&P 500 depressed level. Multiple Indexes and other interest crediting methods are also available. Various Time Periods are Available from 4 Years to 14 Years (The longer you allow this to compound and grow, the highly developed the Rate of Annualized Return, this is true for any instrument only here you own No Risk of Loss.). To Learn more Visit: http://www.jdsannuities.com/index_annuit...
2. Fixed Rate Deferred Annuities - Where you have a wide-ranging selections of multi-year guaranteed rates or for 2 years, 3 years or 5 years, most are 5 to 10 year products. To Learn more and see most of the rates for yourself call on: http://www.jdsannuities.com/annuity_rate...
3. Immediate Annuities / Income Annuities - For Guaranteed Monthly Income for Life, Joint Life or for a Period of Time: Go here to learn more - http://www.jdsannuities.com/immediate_an...
Joe The Expert
Is this true in the order of ATM's?
Question:
I got an email you know one of those copious forwards that you get and are comparatively annoying...anyways I opened it and it say if your ever at ATM and a "robber" comes up behind you, demanding money you can enter your pin number backwards and it automatically alerts the police. You can still catch your money though is this true?
Answer:
Not true...
no, who told you that?
no, that is totally wrong
I don't reckon so, never heard of that
NO!!
NO!
Don't feel that's true!
I got something saything that too, I be going to call my guard about it and forgot but im sure that adjectives banks are diff so I would phone up yours and ask.
No. What if you have a code close to 12321?
dont know
Sounds like rubbish Phone the hill.
I've never heard of that.
I can't believe how that would work.
no way, lol
No, it's an urban fable.
Check out SNOPES.COM and type in ATM Machine within the search and you will find it !
Although, bank are considering something like this contained by the future !
never hear that. in the madness moment of a robbery...who would think of entering surrounded by their pin backwards? maybe dial surrounded by 911 but even doing that would alert the robber.
When you insert your card at a ATM your picture is taken and is taken about every 4 second. It also ensures a picture of when the money be taken out and when the card was removed.
some ATM's own a 911 button on them.
You know there are so abundant stories... now if you want to verify it for any inkling of truth stir to your nearest ATM and try it.
See if any alarms start to sound or if the police comes running, please don't believe everything you see on the net.
Take it with a small piece of salt.
My pin number is impossible to tell apart backwards as it is forward.
no
i guess cuz i just get one of those emails today toobut their not annoying i dont think soo myself i get hold of good ones that i really didnt know bout, soo dont look at them as annoying but as informing..but ya i guess its true..
I own never heard of that but specifically an excellent idea! Call a wall and ask, I'm going to.
Absolutely not. This idea be patented in 1998 by Joseph Zingher, but have never been adopt by any financial institution.
Yet another urban myth...
i don't think specifically true since someone may have you details # backwards as their account #, but it would be cool if it did
No. Check out the Snopes article.
check out www.snopes.com
Um, NO. It is phony.
Just think going on for it. What if your pin was 1221, or 4884?
Claim: Entering one's PIN within reverse at any ATM will summon the police.
Status: False.
Example: [Collected via e-mail, 2006]
I just found out that should you ever be forced to annul monies from an ATM machine, you can notify the police by entering your Pin # within reverse. The machine will still donate you the monies you requested, but unkown to the robber, etc, the police will be immediately dispatched to assistance you.
The broadcast stated that this method of calling the police is very seldom used because society don't know it exist, and it might mean the difference between life span and death. Hopefully, none of you will hold to use this, but I wanted to miss it along just contained by case you hadn't hear of it. Please pass it along to everyone possible.
Origins: This seemingly thoughtful heads-up began circulating on the Internet contained by September 2006. However, "seemingly" is the best that can be said of it at this point, in that entering one's Personal Identification Number (PIN) surrounded by reverse at Automated Teller Machines (ATMs) does not summon the police.
Such a system was first imagined within 1994 and patented in 1998 by Joseph Zingher, a Chicago businessman. His SafetyPIN System would alert police that a crime be in progress when a cardholder at an ATM key in the reverse of his personal permit numbers. The flip-flopped PIN would serve as a "panic code" that sent a silent alarm to police to notify them that an ATM customer be acting under duress. Because palindromic PINs (e.g., 2002, 7337, 4884) cannot be reversed, Zingher's system included work-arounds for such numeric combinations.
However, Zingher have had little nouns in interesting the bank community in SafetyPIN despite his pitching it to them beside great persistence over the years. He did within 2004 succeed in getting the Illinois General Assembly to adopt a "reverse PIN" clause surrounded by SB 562, but the final version of the bill watered down the wording so as to brand name banks' implementation of the system open rather than mandatory: "A terminal operate in this State may be designed and programmed so that when a consumer enter his or her personal identification number surrounded by reverse order, the terminal automatically sends an alarm to the local canon enforcement agency having jurisdiction over the terminal location."
In 2006, Michael Boyd pressed the Georgia State Assembly to ratify a law requiring bank to create ATM panic codes that would operate the machines typically while also alerting police. His wife, Kimberly Boyd, was kill on 12 September 2005 after being carjacked by convicted sex perpetrator Brian O'Neil Clark and forced to withdraw bread at an ATM. (She died when Clark crashed her SUV while being followed by a civilian who ultimately shot Clark to release afterwards.)
Such a bill is before the Georgia Senate, have been placed at hand on 29 December 2005. But nothing have happened on SB 379 since consequently.
In 2004, the Kansas state senate sent to its Financial Institutions and Insurance Committee
SB 333, a bill that stated: "Any automated teller device operated within this state shall be designed and programmed so that when a consumer enters such consumer’s personal credentials number in reverse demand, the automated teller gadget automatically sends an alarm to the local law enforcement agency have jurisdiction over the automated teller contrivance location." That bill died in committee that year.
All this address of various bills contained by three different state legislatures may serve to rarefied some of the more important points attaching to this issue, points that are switch to making up one's mind about whether have such a system in place is in reality a good belief.
No one in the bank industry seems to want the technology. The bank argue against its implementation, not single on the basis of cost but also because they doubt such an alert would facilitate anyone being coerced into making an ATM subtraction. Even if police could be summoned via the keying of a special "alert" or "panic" code, they would possible arrive long after victim and hijacker had departed. There is also the fundamentally real possibility that victims' fumbling around while trying to trigger silent alarms could grounds their captors to realize something was up and embezzle those realizations out on their captive. Finally, there is the problem of vigorously conjuring up the accustomed PIN in reverse. Even contained by situations lacking added stress, mentally reconstruct one's PIN backwards is a difficult task for lots people. Add to that difficulty the fright of being within the possession of a violent and armed personality, and precious few victims might be able to come up beside reversed PINs seamlessly enough to fool their captors into believing that everything be proceeding according to plan. As Chuck Stones of the Kansas Bankers Association said in 2004: "I'm not sure anyone here could remember their PIN numbers to the rear with a gun to their chief."
Barbara "neither Smith nor Wesson is known to prompt mental acuity surrounded by those they are pointed at" Mikkelson
Last updated: 17 November 2006
The URL for this page is http://www.snopes.com/business/bank/pina...
Urban Legends Reference Pages (c) 1995-2006
by Barbara and David P. Mikkelson
This material may not be reproduced minus permission.
Sources:
Hazim, Madinah. "Creators Pitch ATM Safety System."
Topeka Capital-Journal. 13 June 2001.
Kellner, Tomas. "Banking on ATM Safety."
Forbes. 28 June 2004.
McDermott, Kevin. "Inventor Urges Idea to Thwart Holdups at ATMs."
St. Louis Post-Dispatch. 28 March 2005 (p. B1).
Plummer, Don. "Push on for ATM Alert Code."
The Atlanta Journal-Constitution. 14 January 2006 (p. E3).
That would be you entering the wrong PIN.
Think just about it: how would banks have power over that for EVERYONE's PIN?
Any recommendation for a moral software for managing the several bills I compensate online?
Question:
I pay adjectives the bills that allow online and would like an easier path to manage them. I also invoice others weekly and would love to know how to incorporate both to better organize my personal/selfemployed finances.
Answer:
Quicken or Money are god choices.
I've used quicken for years and found for myself that it be the better software.
I use my Outlook calendar to remind me in attachment to my budget in Excel. I set up the expense reminder just similar to I would a meeting, but I sap the time as "not busy" and I include the web site, user cross & password in the scheduled time reminder for convenience. I set it up as a recurring engagement, once a month on a certain date near no ending date. You can set up your invoicing like peas in a pod way.
You don't have need of to buy anything. I created a credit managment spreadsheet using Excel, and it's really helpful for managing my credit cards.
I don't store the history of all my payments, but that's save anyways within your bank's or creditor's website.
My spreadsheet shows a enumerate of all my credit cards, their balance, payment due date, credit lines, and the APR%. It's a good bearing to manage credit cards and put together sure you are paying on time and paying at 0% APR on everything. No interest!
It's here if you want to thieve a look:
http://www.thetruthaboutmortgage.com/mor...
Should I use builder's legal representative or hire a different one?
Question:
I am buying a new home and wonder what the advantages/disadvantages are to hiring a different advocate from the one used by the developers.
Answer:
Always, always retain your own attorney. If zilch else, for the peace of mind that any documents you are not sure of can be checked by someone who has your best interests surrounded by mind, not the builders.
Use a different lawyer..
An attorney, representing a client (in this travel case the developer) who is a party contained by the proceedings, would not take your business since it would put him/her within an unethical "conflict of interest" position.
Find you own. Contact the local banister association for references.
He is the builders legal representative not yours,it would not be in your best interest & could be a conflict of interest for the advocate to repersent both buyer & seller.
Use your own attorney, The builder's lawyer have the builder's interests in mind, not yours.
What is the annually amount surrounded by four years?
Question:
If $3,000.00 is deposited into an account paying 6% interest compounded annually (at the stop of each year), how much money is contained by the account after 4 years?
Answer:
On your calculator, multiply the $3,000 by 1.06 four times.
The answer will be $3787.43
What are accountant responsabilities?
Question:
I would like to know if I hire an accountant, what that character responsabilities wll be?
Answer:
You're the customer. What systems do you need put surrounded by place and/or what issues are you trying to address? Discuss it with prospective accountants, afterwards you decide. But the expectations should be crystal clear for both sides.
detail your current finanical position.
your bank accounts position.
check your inventory information. etc.
what is a biddable agency to set a budget?
Question:
I am in the military and capture steady same amount pay checks i a short time ago cant find a budget that works with me, seeing as the simply way to do anything is to spend money...i want serious help
Answer:
Write down your total income for the month. Subtract out adjectives your normal bill that must be payed every month. The amount disappeared over is then divided up for saving/retirement, entertainment, ect. Now the sturdy part, STICK WITH IT. Follow the connection below for a budget form and other advice.
Write down adjectives your bills: IE the normal ones:
1. Rent if you enjoy it
2. Food if you have it
3. Auto loan
4. etc...
Then own your boss the government repeal $50 a pay check into a stash account. If your come across to be fine, bump up that value slowly every year until it's 5% into hoard and 10% into retirement.
Look at the money you have spent for the final three month. What do you spend on Housing, food, clothing, savings. Start near broad groups then break them down. ie: Food: Groceries, Dining out. Your budget is suspended when what you spend equals what you earn. In time, you will create enough specific category that you can track your spending to see where your money go.
this always worked for me. incorporate up all your bills next devide by 4 thats the amount you should bank respectively week.
money in minus commonplace expenses like rent,power,and adjectives like bills.next you should find whats left over is free to you remember to catch food first.then you own achance maybe put alittle away for impromptu like sports car breakdown or holliday.
What features of charity do you contribute to?
Question:
No matter how big or small.
Personally, I nurture the less fortunate every 3rd Thursday of the month. I donate 5% of my paycheck to different charities. I try to do what I can. I hope someone will know how to offer some oblige if I ever need it.
Answer:
I volunteer at an elderly home every weekend. I do walk-a-thons for different cause. I give money to the homeless. Whatever I can.
I donate anything I can money clothes food to families contained by need thru charities
I sponsor a child at Holt International. It basically $25 a month, but I do send extra some times. Otherwise I supply to my church were they bequeath to people surrounded by need locally that I don't other know about. Also Christmas programs and other as I can during the year.
If your giving to a charity, check them out first to label sure the money is going were you ponder it is. http://www.give.org/ is run by the BBB.
I donate 10%-15% of gross income to charities.
My favorites are:
ADRA (adra.org - they game and it's for 3rd world people)
Amnesty International (Working To Protect Human Rights Worldwide)
I give through my church and also give support to to support a mission couple (from my church) that runs a boarding school within Honduras, where public lessons only go to the third grade. They provide regular and vocational training so that respectively student graduates next to credentials for some type of work (carpentry, masons, electricians, plumbing, computer tech, secretaries, etc.). Many of their students are "street kids" who would have no home minus them. Will be going down there is summer for a month to inculcate computer classes and help beside re-roofing the main conservatory building.
I don't contribute any of my paycheck to charities although I donate lots of clothes to the Goodwill every year... You can never trust that your money is actually going to backing someone in stipulation or just fund the organization administration.
I hear Charities like the United Way use 60% of the income to fund their rule... so how much of your money is actually going to help out needy culture? hardly any
I'd fairly donate clothes and goods... as these items can solely be used for their sole purpose.
My favorite charity is the Ronald McDonald house. They have help people that I know instinctively. They do what they say they will do.
Interesting quiz.
I think it depends on how you see yourself. Your time and money are advisable to yourself and as gifts to others. Some will demand standard from their donations by checking online to see how much of their money is spent on administration versus helping the hungery etc. Others want a direct role within the process of charity (e.g. volunteer in a specific way).
I one-sidedly give to my church as it is _very_ helpful in the urban poor neighborhoods, the Sierra Club as I consistency it mission is important, and the Doctors minus Borders.
I hope this helps.
I donate individually and privately... Meaning I give directly to those I see need it.
I have checked out numerous organization and so much of our dollars are used to pay the individuals working for them rather than going to the ethnic group who need the backing.
I will NOT let my money retribution someones wage !!
i do fundraising and add alot of my own money so that i can run to uganda to help hiv/aids orphans
check my 360 out
i go this year it cost me nearly lb2000
I buy food/supplies to a local pet shelter-that way I know what I donate will stir to the animals.
I have a sneaking suspicion that that a money decree I sent to a business may hold be cashed but I'm not sure. How can I trace that
Question:
Answer:
If you still have the reception or copy of the money order you can contact the company or edge that you purchased the money order from. They can inform you if it has be cashed. Even if you don't have the taking anymore - they can sometimes track it down with the correct purchase date, amount etc. Good luck
Do you still own the receipt(stub) if not run to the place where you brought it and see if they enjoy a record.
can money be transferred online from one dune narrative to another sandbank explanation?
Question:
do i need to walk to bank to verbs money from one account to another article all the time, or can i do it online? i enjoy online bank description, so is it possible?
Answer:
The bank I use to work at would not allow you to verbs money from one account to another one at a different guard online. If they were at like bank next you could. You could set up that transfer but you would hold to do it at the bank. You should other set up the transfer at the sandbank the money is coming from. Trust me its easier for the bank that agency and if your bank wont do it its bc they are laid-back or a crappy bank. I could move about on and on but I'll stop. Hope this helps and if you own other questions tolerate me know I did work at a bank for awhile.
yes it is massively possible and quite adjectives
Sure it's possible, if both banks proffer the service. If you can't figure it out from the pattern page, call their customer service and enjoy them guide you through it.
Of course you can transfer online, assuming the accounts are at one and the same bank.
Yes as expected. Just call your edge for instruction if you cant find your way around it.
Normally you'd own to look for a link that say 'payments' or 'transfers'
yep - you can
Yes with most bank it's pretty simple. You just login to your bank website, and then find the "transfers" intermingle. Click on that to see your options.
Most bank will allow you to transfer between your own accounts inside the same edge, and to other people's accounts at the same dune with drastically little hassle. It's just a concern of entering the info and hitting the send button.
If you're trying to verbs from two different banks, you'll more than imagined need to pop in the branch and fill out a verbs form.
Learn more about credit, mortgage, and nouns:
http://www.thetruthaboutmortgage.com...
so simple
call your wall help row.
Absolutely, and I'd be happy to show you how if the picture you are transferring it to is mine.
Depending on your objective, a PayPal description may help you. You catch a debit card tied to your bank story and you can transfer money rear legs and forth between your PayPal and bank accounts at no charge. If you want to make/receive clearing to/from a third party, that can be done at no charge, as long as they are a PayPal contestant. Go to: www.PayPal.com for more info.
Is here oblige out in that for populace who really involve it?
Question:
My family lost our home to an electical fire on Sept. 1rst. Even though I be born and raised within this small town. We were still blown sour like we didn't even exist. Shortly after that I lost my assignment. And my husbands income is very low due to child support to be precise taken out. We have struggled every since. Our county doesn't enjoy the resourses that the big cities do to help nation in want. My 15 yr old son still doesn't own a winter coat or a bed. And my 2 yr old granddaughter doesn't even own a room now, which can't be help until we get hindmost on our feet and find a bigger place to rent. But these children still enjoy nothing and theres zilch I can do about it. I am still war for unemployment and still penetrating for work. Christmas is right around the corner and I'm just lost roughly it. I don't know where to attain help to at smallest get them one offering. So if anyone knows who can support me. Please give me some suggestion.
Answer:
you've had your impartial share of hard knock lately, thats for sure.
here are some links that may help. they did for me. also, find a local food mound, this free's up money to be used on electric, phone, etc.
contact salvation army for fitting and the redcross to see if they can help. they usually do.
local churches and motorcycle orgs lend a hand with EVERYTHING. toys for tots is also great.
suspend in here!!
The help you could acquire would be State, not County. You can get currency aid, medi-cal, and food stamps. You need to break out the phone book and find your nearest social services department. The also own listings of resouces to help seize coats or beds.
Good luck to you and your inherited.
Withdraw or borrow from retirement?
Question:
Everyone says never repeal or borrow from retirement, but I think every situation is different. I'm 35 and enjoy 130k in retirement (which I consider to be a respectable amount for my age). I put alot surrounded by early and it salaried off for me. I lately got divorced and fairly than give my ex 50% of my retirement, I choose to roughly pay her 40% in a minute. I assumed some of her debt and gave up my partly of the equity in the connubial home. Unfortunately, now I am rather strapped for cash. I am prepared to borrow $50k from retirement, but would approaching some advice. My thinking is borrow the money, but double my pre-tax investment from 5% to 10%, that approach over time my retirement will be ok. Negative is that I will have a short paycheck for 5 years. Another route is just to repeal $50k, but I know the taxes and penalties will exterminate me. I don't know the specifics on that. Any advice?
Answer:
You're 100% right...every situation is different. It might be an appropriate piece for you to do.
First I would want to know is safe is your work. The answer needs to be 100%. If you be to leave, quit, bring back fired, laid off or anything while the loan is outstanding then you will enjoy to either convince your current employer to allow you to rollover the loan or it will become taxable to you and you'll owe taxes AND a 10% penalty. If it happen in year one you're looking at fairly possibly $20k in taxes. Don't even bother beside the withdrawal for that same rationale. Paying 20k to get 30k is not worth it underneath any circumstances. And, not likely you could get hold of that much without quitting anyways. And individual short from a divorce is not reason to allow for a difficulty so doubtful withdrawal is even an opportunity.
I ran numbers assuming 7,500/yr within deferrals, 8% return and 8% interest on loan. Without the loan you extension up with 2.74 million at age 67. Stopping your withdrawal for 5 years with no loan and you termination up with 2.36 million. Taking a loan of 50k, making only the loan payments for 5 years then restarting deferrals also get you 2.36 million. Taking a loan of 50k making loan payments and 7,500 deferrals gets you subsidise up to around 2.75 million again. Simple calcs yes and don't include inflation but you get the gist.
So, you can see...taking the loan and only paying it back while not continuing to defer is no better or worse later stopping your deferral and you don't have the possibility of failure to pay hanging over your person in charge. And taking the loan won't kill you if you can afford to brand name the payments and keep your deferral rate. So it's up to you...and your personal situation? Will you still be at same company surrounded by 5 years, can you afford to pay wager on 1k a month AND continue to defer 5% of your income? If so...bear the loan.
Borrow because the payback will be over a period of time beside future inflated dollars beside could be better afforded
Borrow the money. You won't have to settle up an early debt penalty. I know the down side is have a short paycheck for a few years, but it will save you a fortune surrounded by the long run.
Work some OT, get a second or third errand or sell some stuff. Borrowing from a 401k is a desperate choice. If you decide to evacuate your job or you get hold of laid off, you will own to pay the unbroken loan off in half a shake or it will be treated like a w/d. Also, you cannot brand extra payments on the loan, you can only pay cheque it out or pay it rotten in a lump sum. Finally, if you borrow from a retirement narrative at work, you look fiscally irresponsible to those in payroll/accounting/management. Depending on the size of the company & your position surrounded by it, that may not make a heck of like mad of difference to you, but it is a consideration. You are on a roll w/ saving for retirement. Don't blow it by doing something stupid.
Dave Ramsey is pretty well brought-up at explainign this stuff to people. Check out his website or radio show or book if you want more info. You would probably jive w/ most of what he teach. You sound close to a pretty sharp, conservative guy.
Are we talking borrowing from 401 k.borrowing is a wrong model.God forbid if you loose your job for any idea you have to come up near money to pay bad your debt at once and penalties are sever
The above advisement on the run out effect is good.
However, I am not sure I own a picture of your use of the 50k.
If it is to get into a house, capably, now, or waiting a bit longer would appear to be the ideal time, so your instinct to purloin advantage of the valid estate slump is superb.
Other reasons such as paying past its sell-by date high rate debt, would also seem to be reasonable, as powerfully as all medical, conservatory and family requests.
Best of luck, and with the recent open market activity you might even annul and put the cash straight into t bills while this rocky volatility settles.
How does excise hoard work?
Question:
If I buy a place with my brother... both of us would call for to apply for the mortgage. How would we both claim to save money? Thanks
Answer:
It's not worth going into debt and buying a house for due savings. You vitally send $10,000 contained by interest to the bank so you can qualify for a $2,500 rates break.
Not the best use of money.
Check with a import tax advisor. You may both be able to claim partially of the tax deduction.
What does it be set to to "freeze" a guard reason?
Question:
How does this work??
Do they just cart out money at certain times ( resembling if you have a big chunk surrounded by there)?
or do they absolutely close down your mound account , where on earth if you deposit ANYTHING it goes to them?
Answer:
Who is 'they' sounds fairly mysterious.
Anyway if THEY are the IRS then it method you can not take any of your assetts ie. money out of that side until whatever issue you hold is resolved.
Freezing a bank reason means you cannot enjoy any contact with that sketch until further notice, they do not remove the money they hand down it there until adjectives issues are sorted out and there is a legally recognized agreement between you and the bank and the tale is re-opened. Oh and yes if you owe student loans they can Freeze your account until you wages them off.
No. It medium you cannot withdraw or use the details until it is released. It will only be frozen for a function and if you are not sure ask at the bank. None of your money will be going anywhere or to anyone else. It is literally within an unmoveable state for a period of time.
When it is frozen nought moves it just stays within,nothing go in nil goes out,
if within is a dispute between joint a/c holders after the a/c gets frozen at one of the holders requests. This is so the wall cannot be held responsible for fraudulant use of funds or disputes between transactions. An a/c also gets frozen after a annihilation until probate is sorted. The banks should not be paid profit from these situations. Any monies paid within remains locked until disputes are sorted.
UK banks will freeze accounts with the sole purpose generally as a result of a court writ, although there are some circumstances where on earth the court order is surplus to requirements.
Freezing a account technique that no transactions can be made, either within or out, until the freezing is reversed. It really is that simple. It's not a very adjectives course of action, though.
As regard a US student loan not being repaid, it is doubtful that a UK wall account could, or would, be frozen for that principle; if the account is frozen after the student loan would not be repaid from that account because no transactions can purloin place, not even that one, irrespective of how much money there might be contained by the account..
If your dune account is frozen, you cannot breed any withdrawals from it. You may or may not be capable of make deposits, but it wouldn't be a prudent idea to do so as you would effectively lose access to the money.
not sure how this works contained by the USA but in the UK bank freezing a bank rationalization means in that is no access to it.generally this is done because of some wrong made by the holder often as a result of defaulting on a loan any bto a bank or some other institution. it is not usually an arbitrary judgment made by the bank but to some extent as a result of an instruction by lender unless of course you've be found guilty of drug trafficking in which skin the court would advise the ridge
bank's go together sheets- what is an asset, what is a liability?
Question:
Answer:
Bank Balance Sheet.
Assets : Cash in other bank, loan portfolio, receivables, buildings...
Liabilities : All the deposits that the bank holds, as powerfully as debts of the bank towards other businesses
The loan portfolio (that is, adjectives the loans that the bank have granted and that are being repaid over time) is an asset to the mound because 1) it generates revenue, and 2) it can be sold to another financial institution
The deposits portfolio is a liability to the mound because 1) that money is owned by the public and 2) it costs money to the bank
Assets are things that you own, money surrounded by the bank, etc. Liabilities are bills you owe, mortgages, etc.
A Bank's Balance Sheet is a bit confusing as they own assets like other companies (Buildings, Computers, etc.) but adjectives the loans they have given are their assets too. Their liability include all the ridge balances, funds accounts and deposits that customers hold with them.
assets is what you own and liability are what you oweAWE= assets, withdrawls, and expensesesLEO= liabilities, and owners equity
An asset is that which enrich you. (property, stocks, etc) Liabiliies are moneys owed; debts or pecuniary obligations
an asset is money surrounded by the bank or unadulterated property
A liability is money you owe.
Listen to Hakeem. A bank's balance sheet can be somewhat confusing because the guard is the counterparty (opposite) to YOUR loans and deposits.
Most people consider deposit accounts assets and loans liability. For the bank, it is the different. Maybe it helps to guess of it this way: A guard earns interest on loans and pays interest on deposit accounts.
Hope this help.