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Listings for Bank Accounts Key Terms (19)

 

Individual taxpayer identification number (ITIN)

Individual taxpayer identification number (ITIN) An ITIN is an identification number that you get from the Internal Revenue Service. An ITIN is only available for […]

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Guardian of property

What is a guardian of property? A guardian of property is someone the court names to manage money and property for someone else whom the […]

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Fiduciary

Fiduciary A fiduciary is someone who manages money or property for someone else. When you are named a fiduciary, you are required by law to […]

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Deposit hold

Deposit hold The amount of time a bank or credit union holds funds you deposit by check is sometimes referred to as a “deposit hold” […]

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Demand draft

What is a demand draft, telephone check, or preauthorized draft? A demand draft allows someone to withdraw money from your checking account without your signature. […]

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Certificate of deposit (CD) rollover

What is a certificate of deposit (CD) rollover or renewal? A rollover or renewal can occur at the end of the term of a CD. […]

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Certificate of deposit (CD)

What is a certificate of deposit (CD)? A Certificate Deposit, or CD, is a special type of savings account offered by banks or credit unions. […]

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Automatic debit payment

Automatic debit payment With automatic debits, you give your permission to the company to take the payments directly from your bank account. This is different […]

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Automated Clearing House (ACH)

Automated Clearing House (ACH) An Automated Clearing House (ACH) authorization is a payment authorization that gives the lender permission to electronically take money from your […]

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