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I filed a bankruptcy because I was injured and could not work. When I had nearly depleted my savings I paid my utility bills for the next year, leaving enough for food and gasoline up to when I thought I would be well enough to work (I was guessing a year). Then I closed my bank account and used only cash. I landed a job the day after the bankruptcy was awarded so I needed to open a bank account immediately (cashing checks without your own account is very expensive). I had no trouble getting an account at a local credit union. I am hard-pressed to understand why acquiring a bank account would be associated with a bankruptcy, money is money.
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Can I open a bank account for my sister?
Yes, you can open a bank account for your sister as long as you meet the bank's requirements and have her consent to do so.
Is closing a bank account bad for credit?
Closing a bank account typically does not directly impact your credit score. However, if the account being closed is your oldest account or if it affects your overall credit utilization ratio, it could potentially have a negative impact on your credit in the long run.
Can a bank close your account with money in it?
Yes, a bank can close your account even if there is money in it, as long as they provide notice and return the funds to you.
Up to how long can a cheque bounce after being cleared into a bank account?
This depends entirely on the banks involved but typically when a cheque "clears" it can no longer "bounce" It is worth confirming this with your bank however
How long does it take to clear the bank if i deposit money into someones account how long does it take to clear the bank if i put money into someones account?
Most times, the deposit should be cleared into their bank account within 24 hours. The amount will vary depending upon the bank and when you make the deposit.
