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Listings for Bank Accounts Key Terms (19)

 

VA fiduciary

What is a VA fiduciary? A fiduciary is someone who manages money or property for someone else. The Department of Veterans Affairs (VA) appoints VA fiduciaries to […]

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Social Security representative payee

What is a Social Security representative payee? A representative payee is appointed by the Social Security Administration for another person who needs help managing their […]

32 total views, 0 today

 

Revocable living trust

What is a revocable living trust? A revocable living trust is a legal document that gives you the authority to make decisions about someone else’s […]

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Representative payee

Representative payee The Social Security Administration (SSA) appoints a person to be a representative payee for another person who needs help managing his or her […]

38 total views, 0 today

 

Power of attorney

Power of attorney A power of attorney (POA) is a legal document that allows someone else to act on your behalf. Creating a POA is […]

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Personal line of credit

Personal line of credit A Personal line of credit is a loan that you access from time to time. You write special checks or request […]

31 total views, 0 today

 

Overdraft

Overdraft An overdraft occurs when you don’t have enough money in your account to cover a transaction, but the bank pays the transaction anyway. You […]

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Non-sufficient funds (NSF) fees

Non-sufficient funds (NSF) fees An NSF or non-sufficient funds fee may occur when your check or electronic authorization is not paid due to a lack […]

33 total views, 0 today

 

Money market account

What is a money market account? A money market account is a special type of account offered by banks and credit unions. Money market accounts […]

34 total views, 0 today

 

Joint account

Joint account If you would like to enable a friend or family member to write checks and make deposits on your behalf, you might consider […]

32 total views, 1 today

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