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Q: Can a cell phone company whom has a judgment against you put a freeze on you savings account And how long can they hold the freeze?
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Can I open a savings account if I have a judgment against me?

Yes, you can open a savings account if a bank allows you to. Usually banks are not as strict with savings accounts as they are with checking accounts.


When a judgment has been made against a person will this affect checking or savings accounts in Michigan?

A writ of judgment can be used to levy a checking or savings account that belongs to the debtor. Joint accounts can be partially protected but the other account holder must file the proper documents with the court where the judgment was granted. The bank has no obligation to notify the account holder(s) that the account has been levied. The account holder(s) should remove funds and close the account if at all possible. This can only be done BEFORE the judgment has been executed.


Why should a company open a business savings account?

A company open a business savings account because it makes transaction and payment much easier. You can read more at www.citibank.com/savings


Can you borrow against personal savings account?

Yes. You can always "borrow" against your own funds. You can apply for a loan or just withdraw the amount you need from your personal savings account.


What is a savings account with an insurance company?

An Annuity


Can your mortgage company attach your savings account if you are behind on payments?

No.


Is there a loan company that will do payday loans with a savings NOT checking account?

Highly unlikely. The check you offer them is a legal promise to pay. With a savings account, you have no means of making such a promise.


Which option for saving money typically offers the least liquidity?

Basic savings account


Can you change a savings account to joint account?

You may be able to add someone to your savings account ..contact the bank where you have the savings account for details


Which company offers the highest yielding online business savings account?

It is difficult to compare banks and their rates to determine the highest yielding online business savings account. This is largely due to a lack of data online.


What are the benefits of a medical savings account?

The benefit of having a medical savings account is that the premium is usually less than that of traditional health insurance. This is because the insurance company doesn't have to pay for routine health care.


What exactly is the purpose of an egg account?

An egg account refers the British internet banking company known as "Egg". The purpose of an egg account was simply a banking account for savings and insurance.


What's one difference between a checking account and a savings account?

savings account earns interest.


What makes a savings account a better investment than a checking account?

A savings account earns interest.


Is there a monthly service charge to have an Eggs Savings account?

No, the Egg savings account called "Egg Savings Account (internet) Issue 2" does not have a monthly service charge. This type of savings account is accessible online.


What is the difference between a savings account and a checking account?

The main difference between a savings account and a checking account is that a savings account has an interest rate. A savings account is also mostly used for saving money, although, both accounts allow you to take money from them as you please.


What does a CD savings account do for me?

A CD savings account might earn money for you. This type of savings account earns interest for the person who purchases the CD.


Why open an savings account?

A savings account is a good place to keep money safe for future needs.


Can a person have more than one individual savings account?

Yes it is possible to have more than one individual savings account as long as you have them with more than one company. It is reccommended that you keep one for a long term investment account so that way you can minimize fees.


How does one get an Abbey Savings Account?

You can get an Abbey savings account through banks such as Santander. You can also compare the savings you would receive from using an Abbey savings account online at websites such as Monevator.


What makes a savings account a better investment than a checkings account?

A savings account earns interest.


What makes a savings than a checking account account a better investment?

A savings account earns interest.


What is the primary difference between a business and a personal savings account?

A business savings account his connected to a business. While a personal savings account is connected to an indvidual.


Which of these options for saving money offers the most liquidity?

Piggy Bank


What is a compound interest savings account?

Its where your savings account earns interest on the interest.