The entire amount Rs. 500/- would be available for withdrawal (Provided you already have enough cash in your account to satisfy the minimum balance requirements)
Actually the same thing happens if you deposit money through a bank branch by paying the cash to the bank teller. The only difference is that, in most cases, the money deposited is not reflected in the bank account balance immediately and is available only the next day. But some specialized cash deposit ATMs are available with a few banks which accept your cash, count them and credit them into your account immediately
Actually nothing special happens. The few things that happen are:Your bank balance increases by 10000 (the amount you deposited)The money you deposited is available for withdrawal anytime you wantThe money you deposited starts earning an interest for you for as long as this money is kept in that account.
No, that should be reported to the bank immediately. The bank will eventually discover the error if the account holder does not and will take whatever steps needed to rectify the problem. An account holder who knowingly uses such funds is guilty of a criminal offense.
Bank of First deposit is not an actual bank. It's where the check was first deposited to. When the back of a check shows it was deposited to BOFD, underneath that there should be a routing number. Google that routing number, and that should tell you the name/location of the bank it was actually deposited to.
no
Cash that is deposited into a PNC bank account will clear immediately. The funds will be available for use in your account after deposit is made.
Actually the same thing happens if you deposit money through a bank branch by paying the cash to the bank teller. The only difference is that, in most cases, the money deposited is not reflected in the bank account balance immediately and is available only the next day. But some specialized cash deposit ATMs are available with a few banks which accept your cash, count them and credit them into your account immediately
If you have direct deposit for your pay, those funds will be electronically deposited to your bank account at midnight the night before pay day. If your debit card is tied to the account where your pay is deposited, then it will be immediately available for you to make purchases or ATM withdrawals using your debit card.
Actually nothing special happens. The few things that happen are:Your bank balance increases by 10000 (the amount you deposited)The money you deposited is available for withdrawal anytime you wantThe money you deposited starts earning an interest for you for as long as this money is kept in that account.
Debit bank account 50000Credit cash 50000
is it possible for money to be deposited in an inactive bank account
The time of day that money would be available will depend on where the money is going or coming from. Deposits to a bank account could take up to 5 days to be deposited and available.
One could write a letter to a bank manager for a cash deposited in the wrong account name with the same account number but it is recommended that one go to the bank immediately and speak with the manager directly about the mix up, as well as to request an account number that is not shared by another person,
No, that should be reported to the bank immediately. The bank will eventually discover the error if the account holder does not and will take whatever steps needed to rectify the problem. An account holder who knowingly uses such funds is guilty of a criminal offense.
Bank of First deposit is not an actual bank. It's where the check was first deposited to. When the back of a check shows it was deposited to BOFD, underneath that there should be a routing number. Google that routing number, and that should tell you the name/location of the bank it was actually deposited to.
no
50bin Lira.