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New bank account for business, how to answer the question “How will you process your receivables?”? February 17, 2010

Posted by Banking in : Small Business , 1 comment so far

I am setting up a new bank account for my new business and the bank manager wants to know “how will you process your receivables?”.
How do I answer this question?Submited by:ccartertn2002

How does a creditor find your bank account? October 24, 2009

Posted by Banking in : Credit , 8comments
Kay A asked:


There was a levy placed on my current bank account by a bill collecting agency(credit-card debt) and I am stil owing. My dilienma is that I was laid off from my job and I cannot afford to pay right now. I want to file my taxes and have the funds go directly to my bank account. If I do open a new bank account and e-file, will the creditor be able to find my new account and place a levy on it? I would also like to know how they find it (bank account), and how long it usually takes.

Thanks in advance!

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