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A demand deposit is an account in a commercial bank on which checks can be written and from which money can be withdrawn without any advance notice.?
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∙ 7y ago
monetary policy
Arden Smith
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What is a 32-day call account?
is a kind of deposit account with an infinite term where the client must provide advance notice (call notice) to the bank before funds can be withdrawn. Notice periods offered can be different, in our case is 32 days before funds can be withdrawn.
How recurring deposit account is different from savings account?
Recurring Deposit is type of account where the customer deposits fixed amounts every month for a predetermined duration (6 months, 1 year etc). The money cannot be withdrawn until maturity and the bank would pay a slightly higher rate of interest due to the longer duration of the deposit. In case of savings account, there is no predetermined duration or amount and the money can be withdrawn anytime you want so banks pay you low interest on the money you hold in the account.
What is an advance deposit?
and advance deposit is money you place with a retailor to put towards your final price with the retailor
State three possible reasons why a debtor's account might have a credit balance?
Overpayment Payment in advance Credit note issued Deposit received
How do you deposit money in an account?
you can deposit at the bank
A demand deposit is an account in a commercial bank on which checks can be written and from which money can be withdrawn without any advance notice?
monetary policy
What is a call account?
is a kind of deposit account with an infinite term where the client must provide advance notice (call notice) to the bank before funds can be withdrawn. Notice periods offered can be different, in our case is 32 days before funds can be withdrawn.
What is a 32-day call account?
is a kind of deposit account with an infinite term where the client must provide advance notice (call notice) to the bank before funds can be withdrawn. Notice periods offered can be different, in our case is 32 days before funds can be withdrawn.
What is a 32-day accounts?
is a kind of deposit account with an infinite term where the client must provide advance notice (call notice) to the bank before funds can be withdrawn. Notice periods offered can be different, in our case is 32 days before funds can be withdrawn.
Why is investec commercial bank a deposit taking intermediary?
It have a variety of deposit account, such as check account, savings and time deposit
What is frozen amount in bank?
A frozen amount in a bank meant that the deposit you have in your account cannot be withdrawn as it is "frozen". One of the reasons why account is frozen is because of a court order.
How recurring deposit account is different from savings account?
Recurring Deposit is type of account where the customer deposits fixed amounts every month for a predetermined duration (6 months, 1 year etc). The money cannot be withdrawn until maturity and the bank would pay a slightly higher rate of interest due to the longer duration of the deposit. In case of savings account, there is no predetermined duration or amount and the money can be withdrawn anytime you want so banks pay you low interest on the money you hold in the account.
What is Advance Premium Deposit in Insurance Company?
An Advance Premium Deposit account is a feature of a policy offered by a Life Insurance company. Think of it as a savings account, where you're free to put in money and take out money. Your life insurance premium will automatically be paid from that account, so that's one less hassle you have to worry about. You get interest on your money, so that's nice. Often you're only allowed to deposit up to the sum of all future premiums. See http://www.americansavingslife.com/policy-sales/advance-premium-deposit-(apd) for an example of one company's advance premium desposit account and read what they have to say about it.
can you get a cash advance without a checking account I only have a savings with direct deposit?
Yes, you can. You can get an advance against your paycheck. This is a question best asked of a cash advance store. Call them.
Difference between time deposit and demand deposit?
Demand Deposit It is type of an account from which deposited funds can be withdrawn immediately at any time without any notice to the depository institution. Time Deposit It is type of deposit which is in contrast to demand deposit and funds are not available immediately .These are also known as term deposits .
What is the difference between a time deposit and a certificate of deposit?
A time deposit (also known as a term deposit, particularly in Canada, Australia and New Zealand; a bond in the United Kingdom) is a money deposit at a banking institution that cannot be withdrawn for a certain "term" or period of time. When the term is over it can be withdrawn or it can be held for another term. Generally speaking, the longer the term the better the yield on the money. A certificate of deposit is a time-deposit product. A Certificate of Deposit (CD) can be traded, while a time deposit cant be traded because it is linked to a bank account.
What are fixed deposit accounts?
A Fixed deposit account is one in which you deposit a specific amount of money with a bank for a specified duration of time. you cannot withdraw that money before its maturity date. if you do you would have to pay a penalty for doing the same. usually fixed deposits offers us a higher rate of interest than normal bank accounts
