Is there a way to name Bank accounts to names for the purpose you opened such as emergency , child education, home etc?
2007-07-26 11:56:08 · 5 answers · asked by Arsh S 2 in Business & Finance ➔ Personal Finance
Some banks will and some won't...it is not a legal title that can be added, but it is something that people do. Businesses do it more than private citizens. You will just have to call your bank and ask.
On your online banking most banks allow you to have what ever title you want on your account.
2007-07-26 13:06:38 · answer #1 · answered by Anonymous · 1⤊ 0⤋
Why not just have a spreadsheet that allows you to track what the balance is there for?
For example:
If you have $5,000 in the account, but $2,000 is for emergencies, $2,000 is for education, and $1,000 is for the home.
I have a free Excel spreadsheet called Savings Account Balance Tracking Tool at http://www.josephsangl.com/?pageid=151
2007-07-26 19:51:08 · answer #2 · answered by Anonymous · 1⤊ 0⤋
If you view your statements on-line, the bank's website should allow you to pick a 'nickname' for each account. If your intent is to remind yourself what the money is for, that should be all you need. If you want the 'name' to have legal significance, you are out of luck.
2007-07-26 20:12:28 · answer #3 · answered by STEVEN F 7 · 0⤊ 0⤋
A Living Trust works well for this.
2007-07-26 19:03:40 · answer #4 · answered by charlotte q 2 · 0⤊ 1⤋
you do this by having a revocable living trust made and assign a power of attorney to someone you trust...
2007-07-26 19:02:54 · answer #5 · answered by ogg08 5 · 0⤊ 1⤋