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Frequently Asked Questions

What will be required if I withdraw money from a 401K account for my down payment?

Shearson Mortgage - Mortgage FAQ - Loan Process: Application
If you'll be withdrawing funds from a 401K or retirement account to fund your down payment, we'll probably ask you to provide evidence that you have the funds available by providing a recent statement.

What can I do with the money in my account?

TuneCore: FAQ
Money in your account is completely safe. Only someone with the user name and password has access to it. You can, at your sole discretion, initiate a transfer of your money any time, day or night, by check or PayPal. But that money is powerful! You can use it like a private account to pay for the products and services TuneCore and our partners offer: See similar questions...

When is the money for the payment withdrawn from my account?

First Palmetto Savings Bank - Deposit Services
If the payment is sent electronically, the funds for the payment are withdrawn from your account on the due date. Otherwise, the funds are withdrawn when the check is presented to First Palmetto. Keep in mind, however, that you should always have funds available to cover the payment on the scheduled payment date. See similar questions...

Can I use money gifted to me for a down payment?

Alberta Mortgages & Mortgage Brokers FAQ - Gerry Orr
Yes, most lenders will accept down payment that is gifted from a family member. A gift letter is usually required to be signed by the donor to confirm it is not a loan. See similar questions...

Can I use money from my RRSP for my down payment?

Vista Crest Subdivison
Money from an RRSP may be used for the down payment on a home, subject to certain conditions. The amount withdrawn must be repaid within a 15 Year period. It would be best to check with your investment counselors to see if you qualify as some RRSP's are locked in and cannot be withdrawn as a lump sum or prior to maturity. See similar questions...

Do you have 401K?

Placement Pros, The Future of Staffing ??" Frequently Asked ...
Yes we do! To be eligible you must be at least 21 years old and have completed 1,000 hours of service during any 2, 3 or 4 consecutive quarters. Enrollment is available 4 times yearly: January l, April 1, July 1 and October 1. We offer a wide range of investments with the employer matching up to $1,250.00. Employer contributions are subject to vesting. Roll-overs from previous employers are accepted. See similar questions...

What if I do not have enough money in my account when a bill-payment is scheduled?

Frequently Asked Questions
Check payments are handled in the same manner as a check written out of your checkbook against an insufficient balance. (See the question and answer above for more information.) Electronic payments are verified for funds availability during processing. If the funds are available, the account that you selected for the payment will be debited and the information sent on to Princeton for processing. See similar questions...

When does the money for a payment come out of my account?

Enhanced Internet Banking frequently asked questions. Bank o...
Bank of Queensland will withdraw funds from your account on the date the payment is requested. If the payment is scheduled for the current date this wil occur immediately. If you have scheduled the payment to occur on a date in the future, funds will not be withdrawn until that date. See similar questions...

I have no money in my account until a later date. Can you take the payment then?

Noozz.com | FAQ
The WorldPay FuturePay Agreement payment system will attempt to claim a payment on three consecutive days. If all three attempts fail, the system will not attempt a further payment until the card details are changed or you instruct the system to reattempt. See similar questions...

When will my child have money in the account to use?

Cafeteria FAQ
Payments made before 2:00 p.m. will be available for use the following school day in time for breakfast, so that your student may continue to receive meals without interruption. Payments made after 2:00 pm are not available for 2 school days. Balances shown online are as of the previous school day's activity. See similar questions...

What if I use all the money in my Spending Account?

BlueEdgeSM HCA and BlueEdgeSM HSA
If you use all your Spending Account funds and you have a plan that includes a deductible, you are responsible for paying the remaining balance of your deductible before your PPO benefits begin. See similar questions...

I have a joint account. Can we both use Bill Payment?

Port Washington State Bank
All owners on a joint account will have access to Online Bill Pay and will need to read the Agreement and submit an application. Owners of an account will need to sign on to Internet Banking with their own Password and Access ID. Automatic debits between your accounts or from your account to someone outside of the bank are the most cost effective and efficient way to transfer your money. See similar questions...

What if I don't have enough money in my account when the Direct Payment is posted to my account?

Direct Payment for Financial Institutions : FAQ about Direct...
Your individual customers must have the money in their accounts for Direct Payments in the same way that they must have funds in their accounts when writing checks. If you do not have enough money in your account, your bank and billing company may charge you extra fees. See similar questions...

Other than loans, when can I take a distribution of the money in my 401k plan without penalty?

FAQ
Unlike SEP's and SIMPLE retirement accounts, where funds held for a participant may be withdrawn by the participant at any time, 401k plans are subject to rules that restrict a participant's access to her 401k plan accounts. All 401k plans may provide that a participant's accounts may be distributed upon retirement, death, disability, or separation from service. [Treas. Reg. Sec. 1.401-1(b)(1)(ii), 1. See similar questions...

What should I bring for money? What form of payment should I use?

Durgan Travel Service FAQ
The quantity of money you bring depends on the length of the trip, inclusions of the trip, and your personal tastes. Generally speaking, though, most Durgan tours include a good portion of your meals and entrance fees, so it is possible to take one of our trips with minimal additional expenses. We suggest you bring (and use) credit cards, for their ease of use, security, and exchange rates. See similar questions...

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