According to the Federal Trade Commission, a creditor can only garnish a bank account after the creditor receives a judgement against the debtor. To receive a judgement, the creditor must first sue the debtor, and a court must award the creditor the right to garnish the bank account.Know More
Illinois Legal Aid notes that there are certain types of income that are not subject to bank garnishment even when a judgement is awarded to a creditor. These include state and federal unearned income, such as Social Security, unemployment benefits and welfare. Before these types of income can be garnished by a creditor, the bank must confirm that there is at least two months' worth of benefits in the account to serve as a lifeline for the debtor. If there are funds above two months of benefits, then those amounts may be garnished from a bank account by court order.
Money is transferred from a bank account to a Green Dot card through automated clearing house transfer, explains the Green Dot Corporation. Funds can also be added by ACH transfer from credit unions and other financial institutions. Green Dot has a daily load limit of $2,500. Banks may also impose a limit.Full Answer >
To send money from your bank account to your PayPal account, login to PayPal, link and confirm your bank account information, and choose "Add Money" on your PayPal home screen. Money is sent via Automated Clearing House transfer, which typically takes 3 to 5 days.Full Answer >
To wire money to a bank account, you need the receiving bank's name, the bank's routing number or ABA number, the payee's bank account number and any other pertinent information the receiving bank may require, according to Justin Pritchard for About.com. Obtain this information from the payee.Full Answer >
The most secure bank accounts require customers to go through several verification steps that may include security questions, personalized images or symbols. Banks that employ a high level of security in relation to online banking accounts typically use several layers of security.Full Answer >