Accounting Debt Legal 
The Motley Fool
APRIL 7, 2024
Image source: The Motley Fool/Upsplash Bank accounts are one of the safest places to store money. As long as your bank has FDIC insurance , your deposits are insured up to $250,000 per account holder. The account and unpaid balance must be with the same bank for the right to offset to be legal.
The Motley Fool
SEPTEMBER 22, 2024
If there is confusion or unclear instructions about how to manage bank accounts after a death, it can lead to additional emotional pain for surviving loved ones. Let's look at a few common situations that everyone should know about to help handle bank accounts in case of an untimely death.
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The Motley Fool
OCTOBER 27, 2024
Image source: Getty Images If you find yourself depositing $10,000 or more in your bank account, it's likely accompanied with celebratory gestures. Socking away $10,000 in a top-rated checking account , whether as savings or to help pay down debt, is not something most of us do everyday.
The Motley Fool
OCTOBER 19, 2024
It was a satisfying profession because my clients had gotten in over their heads for one reason or another (lost a job, illness, or something else) and my job was to help them get out of debt and breathe a little easier. Instead, gather all relevant documents, including: Account statements: Know exactly how much you owe each creditor.
The Motley Fool
JUNE 21, 2024
Image source: Getty Images Yes, although you may not be aware of it, a bank can take money out of your checking account , even without asking your permission beforehand. It's called a "right to offset," and it's built into the terms and conditions page you sign before opening your account. No, it can't.
The Motley Fool
SEPTEMBER 3, 2023
Image source: Getty Images Depositing money in your savings or checking account is something you'll probably do often over the course of your life. You need to be aware of when and how you could possibly face legal and financial scrutiny if you make deposits in a certain pattern that trigger the attention of authorities. Here's why.
The Motley Fool
SEPTEMBER 5, 2023
Image source: Getty Images You need money in a checking account so you can pay your bills on an ongoing basis. And you need money in a savings account for emergency expenses, such as when your roof springs a leak or your car gives you trouble. But what if you pass away and there's money left in your bank account?
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