Question: Can I Rename My Halifax Savings Account?

Can you name your savings account?

Banks Let You Give Your Online Savings Account A Name Then you can set up as many separate online savings accounts or subaccounts as you need depending on how many financial goals you have.

Using a nickname for an online savings account can be a great reminder of why you are saving money in the first place..

What do I need to change my bank account name?

You’ll need a certified copy of your marriage certificate in order to change your name with most institutions. … Once you have an official copy of your marriage certificate, the next thing you should do is update your Social Security card with your new name.More items…

Can I change my savings account to current?

It is not possible to convert your savings account to a current account as both the accounts are different in nature and also have distinct features and benefits. While a saving account is meant for personal use and thus can be opened with basic documents for KYC.

What are 3 types of savings accounts?

While there are several different types of savings accounts, the three most common are the deposit account, the money market account, and the certificate of deposit. Each one starts with the same basic premise: give your money to the bank and in return the money will earn interest.

Can I remove someone from a joint bank account?

Generally, no. In most cases, either state law or the terms of the account provide that you usually cannot remove a person from a joint checking account without that person’s consent, though some banks may offer accounts where they explicitly allow this type of removal.

What is the difference between a savings account and a current account?

While a Savings Account is one wherein you deposit your savings with the bank and earn interest on the same, a current account is one where you deposit money to carry out business transactions.

Can you name your bank accounts?

You can assign your own description or name to all of your individual savings, checking, certificate, and loan accounts. This can be a great way to keep track of how you organize your money.

What is your bank account nickname?

Nickname Accounts. Personalize your accounts by giving them a unique nickname. For Example, if Savings account number 12345-1234567 is the account you are using to save for your child’s education, you could name it “College Fund”.

Can we change bank account name?

Anyone who has changed their name legally is also required to change it at the bank they have an account with. The best way to do this is to write a letter addressed to the Branch Manager. How to write an application letter to bank for change of name in bank account is discussed below.

Do you have to change your name on your bank account when you get married?

Do I have to change my name on my bank account after marriage? You aren’t legally required to change your name on your bank account after getting married. However, you’ll likely run into practical complications if you choose to keep your maiden name on your bank account while using your married name elsewhere.

Which is better savings or current account?

A savings account is most suitable for people who are salaried employees or have a monthly income, whereas, Current Accounts work best for traders and entrepreneurs who need to access their accounts frequently. Savings accounts earn interest at a rate of around 4%, while there is no such earning from a Current Account.

Which bank is best for savings account?

8 Best Zero Balance Savings Account In IndiaIDFC First Bank Pratham Savings Account. … YES Bank Smart Salary Advantage. … IndusInd Bank-Indus Online Savings Account. … DBS-DigiSavings. … Kotak Mahindra Bank-811 Digital Bank Account. … HDFC Bank – Basic Savings Bank Deposit Account. … SBI – Basic Savings Bank Deposit Account. … Standard Chartered Basic Savings Bank Deposit Account.