Can you open a personal checking account in a business name?

Answer Federal regulations require banks to maintain information on all account holders whether the account holder is an individual, multiple individuals, or a business entity. As such, banks are required... Read More »

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Proper Accounting for Business Owner Depositing Personal Money Into Business Checking Account?

Transactions between a business owner and her company must be accounted for properly for many reasons. To accurately record how much money the company owes the owner or vice versa, every transfer o... Read More »

How to Get a Personal Loan With a Checking Account?

Everyone needs to borrow money once in awhile. When you have a checking account, it may be easier to get the cash that you need, from a variety of different sources. Depending on whether your loan ... Read More »

Who has legal authority to seize a personal checking account?

With a court order, a debt collector can seize the funds in a debtor's bank account. The Internal Revenue Service can also seize the funds in a person's bank account if the person has an outstandin... Read More »

How old do you have to be to open a checking account?

Since many banks will not enter into a contractual agreement with a minor, the minimum age for opening a checking account is 18. Some banks will allow minors to open an account if an adult legal gu... Read More »