Similar to cashing regular checks, a person can cash bank drafts, which are checks issued by a bank, by depositing it into an account. The issuing bank guarantees the availability of funds.Continue Reading
A person asks a bank for bank drafts or cashier's checks. The bank issues drafts by drawing the funds from the person's account. Typical uses include real estate transactions and large purchases like cars.
In some instances, bank drafts are part of fraud schemes. Consumer protection sources recommend accepting bank drafts only from local banks. Also, calling the issuing bank to confirm availability of funds is a good precaution, especially if the bank is unknown, foreign or part of an Internet transaction. Once deposited, the account holder may be responsible for loss of funds.Learn more about Bank Accounts
Financial Web notes that to close a joint bank account, one or both of the account holders must go to the bank in person and request to close the account. The bank may require the account holder to show photo identification and sign a formal request to close the joint account. Once the bank's terms are met, the account is closed and remaining funds are distributed to the account holder.Full Answer >
To open an account with Prosperity Bank, a person must either go to a physical bank location or enroll online. Enrolling online for the Internet Banking service involves the completion of a form at the Prosperity Bank website.Full Answer >
A person with bad or no credit can open an account by visiting many credit unions and by asking commercial banks if they offer second-chance checking accounts, says NerdWallet. After a year or two of good account maintenance, most institutions allow consumers to upgrade second-chance accounts to regular accounts.Full Answer >
You can open an account at Falcon National Bank either in person at a branch location or online at the bank's website. To open an account online, simply click Open an Account Online Now on the left-hand side of the homepage, and follow the onscreen instructions.Full Answer >