Does Lawful Money Work With An Interest Bearing or Savings Account

• Related Articles

• How Does One Obtain a Special Deposit Non-Interest Bearing Checking Account - What If One Already Has a Different/Savings Bank Account

  One can request a conversion of their current account into a non-interesting bearing account (and special-deposit too). The bank has a right to deny the special-deposit request, but asking kindly will often bring the results desired. The conversion ...

• Does Lawful Money Need A Special Bank Account

  No, lawful money redemption can be utilized in any form of bank account.

• Can A Bank Refuse to Keep My Account Open Because of A ‘Lawful Money Demand’?

  No! All banks (federal, state, public) have a fiduciary responsibility to their shareholders. While there is a clause that permits the bank to close down accounts for any reason – legally they cannot exercise that option unless they are losing money ...

• Income Taxes and Lawful Money

  Under its power to borrow money, Congress is authorized by the Constitution to contract debt, and whenever something is borrowed it must be returned. When Congress spends the contracted private credit, each use of credit is debt which must be ...

• What Does One Need To Open A Trust Bank Account

  First, ensure the Trust Corpus and forms are properly filled out (do not sign them yet). Next, get the EIN from the IRS, online. With these materials in hand, set up an appointment for one of the following banks: Chase Bank TD Ameritrade PNC CitiBank ...