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A bank account is a financial account maintained by a bank or other financial institution in which the financial transactions between the bank and a customer are recorded. Each financial institution sets the terms and conditions for each type of account it offers, which are classified in commonly understood types, such as deposit accounts, credit card accounts, current accounts, loan accounts or many other types of account. A customer may have more than one account. Once an account is opened, funds entrusted by the customer to the financial institution on deposit are recorded in the account designated by the customer. Funds can be withdrawn from loan accounts.
The financial transactions which have occurred on a bank account within a given period of time are reported to the customer on a bank statement, and the balance of the accounts of a customer at any point in time is their financial position with the institution.
On checking my bank balance, noticed a large sum of money was take out of my savings account, the details were"Garnishee CSA".
1. should I have been notified prior to the attachment order?
2. CSA is acting on behalf of a British ex-spouse/non-resident /not Au citizen, with Adult...
My mother died two weeks ago.
My sister and I are co-executors of her will.
We have instructed the solicitor who drew up my mother's will to apply for probate on our behalf.
I'm sure this solicitor will do a good job, but there is a procedural matter that she has recommended that I...
What charges can a person face for taking money from a bank account after the person is deceased.
$2000 was stolen from my father in law's bank account 2 days after he died from a woman (whom the supreme court ruled was not legally his defacto partner). Would this be a fraud charge...
If you are a trustee for a minor's bank account, is that bank account an estate or non-estate asset? It seems obvious that its a non-estate asset as the child is the nominated beneficiary. But I can't seem to find what happens if the trustee dies? Could their be another trustee outlined in the...
I am hoping my partner will be amicable with regards to our defacto break up. When he broke up I think he thought we would just work it out between us, nothing formal. But after 24 years, we owe it to each other to do it fairly. And I just want to get on with it now, no more contact and...
TLDR - go to last paragraph...
Here's a basic rundown of what's going on:
1. Ex left 5 years ago to be with the guy she was having an affair with, who then became her de facto.
2. Initially, she did not want the kids and then decided on a 3/7 shared custody basis, and, once she...
What section of the Bank Act covers -
In the matter of disputed transactions - should the card have been stopped?
In the matter of overdrafts - with no overdraft agreement how can the accounts be overdrawn?
So just over 2 weeks ago, my friend stole money from my bank account. It was only 100 dollars, but I want them to be held accountable. I had gone out for the evening and my friend asked to hang out at my house. I said yes as my teenage son was home and I assumed they would hang out...
I am not quite sure which area of law this falls under—family, property, criminal, wills and estates, or otherwise—so please point me in the right direction if I've posted this in the wrong place.
I was one of six beneficiaries, in addition to my mother’s five siblings, to my late grandmother's...