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How do i wire money from my federal bank account to my other account?
Wiki User
∙ 6y ago
You need the account numbers and sort codes of BOTH accounts. If they're your accounts - you should know the information.
Wiki User
∙ 6y ago
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What gives banks power over your money?
When money is deposited in a bank, that bank uses the money for loans and other business endeavors. The money in an account belongs to the owner and can be withdrawn at any time. If the bank is in trouble, the deposits are insured through the Federal Deposit Insurance Corporation.
How does money in my account benefit the bank. does it mean the bank is richer?
The money you deposit into your account is an obligation for the bank to be paid to you anytime you want. The bank would lend this money to its other customers and earn an interest income from it.
How can i transfer money if you do not have visa or credit?
PayPal if you have a bank account and the other party has paypal.
How you get interest rate?
First you need a bank account and money you put the money in the bank account, wait for a year or two and then you get more money in your bank account
How do you send money from another bank account to chase bank account?
You have to set up an electronic transfer through your bank, in your case Chase bank. When you set up an online transfer through your bank, they will process the request to transfer money through the Automated Clearing House (ACH). Once the payment goes through, the money will be put into your Chase account and taken out of the account at the other bank...
Can a creditor garnishment my bank account when all the money in it is Federal annuity?
yes, i creditor can garnish a bank account to $0 regardless of where the funds in the account came from
What gives banks power over your money?
When money is deposited in a bank, that bank uses the money for loans and other business endeavors. The money in an account belongs to the owner and can be withdrawn at any time. If the bank is in trouble, the deposits are insured through the Federal Deposit Insurance Corporation.
Is taking money illegally out of a bank account a federal crime?
Well the only way to do that is to break into the account physicallyor electronically and that would be considered robbing a bank so yes it's a federal crime.
How does money in my account benefit the bank. does it mean the bank is richer?
The money you deposit into your account is an obligation for the bank to be paid to you anytime you want. The bank would lend this money to its other customers and earn an interest income from it.
What is a 401 unauthorized type of bank account?
A 401 unauthorized type of bank account is a bank account that is not insured by the FDIC. Which is the Federal Deposit Insurance, which is an insurance company that guarantees that if the bank goes under you will still be able to access any money that was deposited into the account.
How can i transfer money if you do not have visa or credit?
PayPal if you have a bank account and the other party has paypal.
How do you put money on an account?
Walk into an ATM and deposit the money into your bank accountWalk into the bank branch (any bank that you have an account with) and deposit the money into your bank account
How you get interest rate?
First you need a bank account and money you put the money in the bank account, wait for a year or two and then you get more money in your bank account
What does a basic bank account entail?
A basic bank account entails the storage of the amount of money that you invest in it. It will then use a certain amount of your money to invest in other businesses, which allows the bank to give you interest.
Who owns your money in a bank account you or the bank?
The person whose name is on the account owns the money. The bank holds it for them.
Can ordinary citizens have an account with the federal reserve bank?
no an ordinary citizen can not have an account with the federal reserve bank, only government employee s can.
What is withdrawal of bank account?
taking out money from your bank account because you want to use the money.
