Banking · Legal Orders and Accounts
Which type of account is typically not attached by a Garnishee Order served on a bank because there are no clear debts due or accruing?
Verified Solution4 OptionsUpdated: October 2026👁️1 View
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- 1Loan Account with a Debit Balance (Unutilized Overdraft/CC limit)✓
- 2Fixed Deposit Account (Not matured)
- 3Current Account (Credit Balance)
- 4Savings Bank Account (Credit Balance)
Correct answer
Loan Account with a Debit Balance (Unutilized Overdraft/CC limit)
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