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Are banks required to make electronically deposited funds available on the same day of the deposit?
Wiki User
∙ 6y ago
No, they have the right to put a hold on such funds and can specify the duration of such holds according to their own policies and internal rules. These holds are usually from 2 to 5 business days and sometimes vary with the amount deposited.
Wiki User
∙ 6y ago
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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Demand Deposit It is type of an account from which deposited funds can be withdrawn immediately at any time without any notice to the depository institution.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 happens if you deposit 10000.00 into a bank?
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.
What is returned deposit item?
This means the bank has bounced a check that was deposited.
Where is bank of first deposit located?
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.
Can you deposit a check for someone else into their bank?
Yes, you can. But you need to mention your name and other details in the deposit slip available with the bank which is required for bank records to keep track of things.
Does my money go straight on my debit card when i get paid?
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.
If you had your taxes electronically funded does this mean your rebate will be done same way?
Yes. If you elected Direct Deposit on your income tax return, your stimulus check will also be direct deposited into the same account.
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 a cash deposit slip?
A cash deposit slip is the same as a receipt, it is proof of your deposit, how much it is when you deposited etc.
What is a glacier deposited?
Moraine or till, is a glacier deposit.
How do you use deposited in sentences?
I deposited the cheque into my bank account. I made a deposit on the new T.V. set.
What is the deposit date for 2010 Alaska permanent fund?
If you signup for direct deposit, it will be deposited October 7th...
Is a loess deposit is a fine wind-deposited sediment?
yes
How is lottery money deposited into a checking account?
direct deposit
Is a deposit a debit or a credit?
A bank deposit slip is used for credit. Credit is an action in which money is deposited into a bank account. For doing so, we need to fill a deposit slip. The deposit slip contains details like the name of the account holder, amount of money deposited, the denominations, date of deposit etc.
Which of these banking service allows your paycheck to be transmitted electronically to your bank?
direct deposit...
Which of these banking services allows your paycheck to be transmitted electronically to your bank?
Direct deposit
