Only if you want to change the account into which the funds go. Otherwise, there is no law that says you can only have one account at a time ever.
How can one get checks for unemployment in the US?
Initially, to receive benefits from unemployment you must apply and qualify for the benefits. Provided you qualify the checks will be sent to you, or you could arrange to have them directly deposited into your account.
share: How do i get my check directly deposited into my checking account instead of getting it in the mail?
my crrunt acuont
share: If a judgment has been levied against you can the bank take your paycheck that is direct deposited into your personal account?
The judgment creditor can execute the judgment as a bank levy in which case, the bank must release the amount of funds stated in the court order regardless of how the funds are deposited in the account. The entire balance of an account can be seized if it is needed to pay the judgment order. The judgment debtor should take steps to protect funds within the account that might be considered exempt (Social Security benefits... Read More
share: How do you encash crossed cheque?
Deposit it into your bank account A crossed cheque cannot be cashed directly. It can only be deposited into a bank account.
share: How to have pension check direct deposited to my bank account?
Whoever is paying your pension will be happy to deposit it directly, if you instruct them to do so and tell them the account number and bank transit number (both of which are on the bottom of your check, if this is a checking account) of the account into which you would like the pension to be deposited.
share: If your only source of income is Social Security disability payments can the credit card companies take these payments to pay off your debts to them?
No, ALL Social Security benefits are exempt from creditor attachment. The person should take care to not commingle funds in a bank account. For SS benefits to be completely protected they should be kept in a separate account, and the bank notified of the account deposit status. Any SS or private disability benefits are mixed with other funds, the person should be aware that bank accounts are subject to garnishment and therefore all SS benefits... Read More
share: Can credit card companies in the state of Florida garnish your pension and social security that are automatically deposited into a bank account if there is no other income?
No, pensions and SS benefits are exempt from creditor garnishment. It is important that benefits are not commingled with any other funds. This needs to be done to prevent the possibility of the account being frozen until the court rules on what portion of the funds is exempt from creditor action.
share: Can a credit card company garnish retirement wages specially government retirement and VA disability?
No, under Federal law most Federal benefit payments like Social Security benefits, Supplemental Security Income benefits, Veteran's benefits, and Railroad Retirement benefits are not subject to garnishment. They are exempted funds when deposited in your bank account and only lose that status if moved into any type of investment product, even a bank certificate of deposit (CD).
share: What are the dividend payment methods?
There are normally two ways by which dividends can be paid. You can have a check mailed to you, or you can have the dividend deposited directly into your account.
share: Can money be deposited into frozen account?
Yes money can be deposited in account when frozen but cannot be taken out.
share: You are on disability and have deposited too much in myTransit Commuter Benefits account Can you recover this pre-tax money?
Probably not--check with a CPA.
share: What happens when money is deposited in account is it credited or debited?
deposited money is credited to your concern bank account
share: How is Kobe Bryant paid?
Kobe Bryant, along with many other athletes, are paid by check, or money that is directly deposited in their bank account.
share: How much can you make working for KGB?
I know someone who works for them. You get 10 cents per answer you provide. You get paid monthly and it is deposited directly to your account.
share: How do you write a letter to bank manager for cash deposited in wrong account name same account number?
One could write a letter to a bank manager for a cash deposited in the wrong account name with the same account number but it is recommended that one go to the bank immediately and speak with the manager directly about the mix up, as well as to request an account number that is not shared by another person,
share: Can a check be deposited into a minor account?
Yes, a check can be deposited into a minor's account. The adult listed on the account may have to be the one to deposit the checks.
share: Are Social Security benefits protected from garnishment in the State of Michigan?
Federal laws protect Social Security benefits in all 50 states, including Michigan. Only the Treasury Department may garnish your check, and only for limited reasons, such as: Unpaid child support Unpaid alimony Delinquent federal taxes Debit owed to other federal departments Regular creditors may not garnish your Social Security benefits, but they have been known to freeze and levy recipients' bank accounts after the check has been deposited, or direct deposit made. If this happens... Read More
share: Are bank account balances exempt from attachment by creditors in Illinois?
Only if the account holds exempted funds such as Social Security benefits or similar monies (military, government pension, disability benefits, etc.).
share: Can New York State tax authority garnish social security disability income?
The following rule applies to "regular" SSI benefits and may also apply to disability payments, but check with the Social Security Administration to be sure. If you have a totally separate bank account, either checking or savings, and no money from ANY source other than Social Security has EVER been deposited into it, then that money is protected from garnishment by ANY source, even the IRS or state tax authorities. I started a separate savings... Read More
share: In Texas can a creditor levy a bank account for debt owed when the account only contains Social Security and Worker's Compensation Death benefits?
No. all Social Security benefits and WCI benefits and all public assistance monies are exempt from attachment by judgment creditors. (This does not pertain to the IRS, state tax collectors or child support obligations). Please be advised that it is the obligation of the account holder to notify the judgment creditor and the court that the account contains protected benefits. It is also advisable not to commingle funds in an account that also holds exempted... Read More
share: Can a bank take money from your social security check or your VA disability check for overdraft?
If the money is deposited into the account that has the overdraft, yes they can recover their monies.
share: Is there a cap on savings account while receiving social security benefits?
No cap. Your savings are not a factor in receiving social security benefits. After all, the government is simply returning YOUR money that you paid into your whole working life.
share: Can you deposit social security benefits into an IRA?
Social security benefits is not qualifying earned income that you can use to contribute to a IRA account. There are three categories of qualifying income that can be used to make contributions to a IRA account. Amounts earned as an employee, Self-employment income, and Alimony income.
share: How do you find out where Social Security checks are being mailed?
That information is available to the person who is receiving the benefits or his or her appointed payee, or a government agency with the authority to access the information. SS information concerning other individuals is not available to the general public. In most cases SS deposits are directly deposited into the beneficiary's bank account, the method preferred by the SSA for obvious reasons. how do I find out what date my ssi check was mailed... Read More
share: Is there a way that my income tax return can be placed directly to a debit card?
If your debit card is linked to a bank account, then yes, you can have your refund deposited directly into the bank account. Otherwise... I'm not sure. If there's a routing number and account number (not just the card number) associated with your debit card, then I wouldn't see why not.
share: Can a bank account be garnished if you have someone else on your account in V irginia?
Yes, as both account holders both own all of the assets deposited within the account, and regardless of who deposited what.
share: Should prepaid rent be deposited in security deposit account?
Some states have statutes which state that a security deposit cannot be comingled with the landlord's funds. Some legal scholars have concluded that, since the last-month-rent deposit is the landlord's funds, these cannot be in the same account.
share: What is difference between OD and CC account?
Cash credit Account (CC) This account is the primary method in which Banks lend money against the security of commodities and debt. It runs like a current account except that the money that can be withdrawn from this account is not restricted to the amount deposited in the account. Instead, the account holder is permitted to withdraw a certain sum called "limit" or "credit facility" in excess of the amount deposited in the account. Cash... Read More
share: What is EOB and ERA?
An EOB is an Explanation of Benefits/payments, normally sent by the payer in paper format. An ERA is an electronic version of the traditional EOB. Instead of receiving a printed, paper explanation of payments and adjustments, an ERA arrives electronically and payment is sent separately or deposited directly into your practice's bank account.
share: Can a credit card company put a hold on a bank account if the only deposits are from retirement or social security?
No. All SS benefits are 100% exempt from creditor action under federal and state statutes. Likewise workman's compensation insurance, disbility insurance, etc. Credit card companies in themselves cannot levy, https://www.socialsecuritymyaccount.net/2017/09/use-social-security-online-services-to-save-valuable-time.html garnish, or impede an individual's property. This can only be done by due process through the court of the person's resident state. The exception is a "set off" that can be used by a bank under specific circumstances. But this would NOT apply to SS benefits... Read More
share: An account owner must do this in order to approve a check to be deposited into their account?
If you have a bank account and are trying to deposit a check, you will have to sign the back of that check. If the back is not signed, it cannot be deposited or cashed.
share: Are Medicaid funds deposited in an individual's bank account subject to efforts by credit card companies attempting to collect a debt?
No. Federal and/or state benefits are exempted from creditor attachment.
share: What does returned deposited item mean?
A bounced check. Probably a check that you deposited into your account was no good so the bank returned it and deducted the money from your account.
share: Can a bank account be garnish for a medical bill if my only income is from Social Security Widow Benefits and I am also disabled in the state of Georgia?
Yes AND no. Generally speaking, Social Security benefits are exempt from liens EXCEPT federal taxes. However, you will probably have to prove that ALL the money in your bank account comes from NOTHING but the SS payments.
share: Can a check made out to a husband and wife be deposited only to the husband's bank account?
It can be deposited anywhere.
share: Can a co-signers Social Security entitlements be garnished and made to pay a car in full after repossession?
ssa-custhelp Section 207 of the Social Security Act (42 U.S.C. 407) protects Social Security benefits from assignment, levy, or garnishment. However, the law provides five exceptions: **child support and tax debt and other govt. debts.** The Social Security Administration's responsibility for protecting benefits against legal process and assignment usually ends when the beneficiary is paid. However, once paid, benefits continue to be protected under section 207 of the Act only as long as they are... Read More
share: What is a crossed check?
A Crossed cheque is one that can only be deposited in an account. They cannot be encashed directly. Usually if we hand over the cheque to the teller they would verify the account details and hand over cash to us but crossed cheque's (also called account payee cheques) can only be deposited into an account. So the cash can be realized only by depositing those cheques into the account of the person on whose name... Read More
share: What application is utilized to send directly deposited child support payments to the personal checking account of the receipient?
DON'T DO THIS. Pay your child support to the court or the State disbursement unit.
share: Can a collection agency take your Social Security Disability identifiable money out of your account?
No. All SS benefits are exempt from judgment creditors.
share: How make a check more secure?
There are 2 ways of issuing cheques. You can cross the top left hand corner of the cheque and then issue it or you can issue it without crossing. Crossing increases the security of the cheque because: A crossed cheque cannot be cashed directly. It can only be deposited into an account. They are also called account payee cheques which can be encashed only by individuals with valid bank accounts. This way we as well... Read More
share: How do you use deposited in sentences?
I deposited the cheque into my bank account. I made a deposit on the new T.V. set.
share: What are some of the benefits of rbs digital banking?
There are many benefits to RBS digital banking such as saving time, keeping track of spending, and there are also many security measures to protect your bank account.
share: What is account payee check?
A Crossed Cheque is also called an Account Payee Only Cheque which means that, this cheque cannot be cashed directly. It can only be deposited into the bank account of the person to whom this cheque is issued. So, the only way you can cash the cheque is by opening a bank account (or using your existing bank account) and deposit this cheque.
share: Can you use social security benefits for gambling?
Once you have placed money into your checking account from Social Security it is yours to use wherever you would like. You've earned that money, go nuts!
share: Do social security recipents pay social security tax?
Presumably the question is about U.S. Social Security taxes. Social Security taxes (commonly referred to as FICA taxes) are taken out of your earnings each time you receive a paycheck. This rule applies even if the employee is already receiving Social Security benefits. However, by continuing to work, future Social Security benefits may be increased to take into account the additional earnings.
share: What is a bank account?
A bank account is a fund deposited by a customer into a bank from which they can make withdrawals.
share: Can you have my tax check deposited in my dad account?
It Depends: Yes you can - If you are a joint holder of your dads account No you cannot - If your dad is the only holder of his account This is because, a check can be deposited only into the account that is fully or jointly held by the person to whom the check is issued.
share: How do you write a check for deposit to another account?
A person can write a check to another person and have it deposited into another account. The check should have the persons name on it and then have it deposited by visiting their bank.
share: How do you cash a crossed cheque with no account?
You cannot. A Crossed Cheque is also called an Account Payee Only Cheque which means that, this cheque cannot be cashed directly. It can only be deposited into the bank account of the person to whom this cheque is issued. So, the only way you can cash the cheque is by opening a bank account (or using your existing bank account) and deposit this cheque.
share: My dad was born in 1919 his social security benefits seem low compared to mine whereas I was born in 1954. Why are my benefits more than his?
Because of your higher earnings and larger contribution amounts during your period of contributing to your social security and medicare benefit account.
C 2019 Answers
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