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What is a dishourned check?
A cheque that wasn't accepted for payment. The person who deposited it did not get cash in return
What is cash retract?
cash retract is the feature in atm by which cash is taken back by the atm machine incase the cash is not taken in some specfic time slot.
Can a cash advance be deposited on a prepaid debit card?
Can a cash advance be deposited on a prepaid debit card?
If a check is deposited in an ATM and then reversed by the bank because they don't accept third party checks is the check sent back to the person who deposited it or the person who wrtoe it?
This happened to me once, my girlfriend tried to cash a cheque in my name. The bank mailed it back to her, so I would assume this means they simply return it to the account holder and reverse the transaction. I think she might have gotten an additional fee for the mistake as well.
Can money from a cash advance be deposited on a prepaid debit card?
yes as its cash.
If a person has a check dated on 1-4-2012 for 1000 dollars can we say that he has 1000 in his pocket now?
Technically the money is not in their pocket. The check must be deposited or cashed by the person it is written out to, or otherwise endorsed. If the payee does not cash or deposit the check, they cannot give it out like bills of currency. When the check is deposited, the money is taken out of the check writer's account and deposited to the person it is written out to. If you cash it instead, the institution gives you their money and takes money out of the check writer's account.
What is a dishourned check?
A cheque that wasn't accepted for payment. The person who deposited it did not get cash in return
What is cash retract?
cash retract is the feature in atm by which cash is taken back by the atm machine incase the cash is not taken in some specfic time slot.
Can a cash advance be deposited on a prepaid debit card?
Can a cash advance be deposited on a prepaid debit card?
Is undeposited collections considered as cash?
Yes actualy these are cash amount which are waiting to be deposited in bank account and until that it is cash in hand
If a check is deposited in an ATM and then reversed by the bank because they don't accept third party checks is the check sent back to the person who deposited it or the person who wrtoe it?
This happened to me once, my girlfriend tried to cash a cheque in my name. The bank mailed it back to her, so I would assume this means they simply return it to the account holder and reverse the transaction. I think she might have gotten an additional fee for the mistake as well.
Can money from a cash advance be deposited on a prepaid debit card?
yes as its cash.
When writing a check do you sign on the back?
When you write the check to another person, that person endorses the back when they cash it. If you write a check to "Cash", the bank may require that you endorse it before they will cash it.
What is the cash management of a commercial bank?
Money is an account balance. Banks do not maintain cash on hand equal to the amount of money deposited. Rather, they keep about 10% of deposited funds in cash. The amount required varies from day to day and week to week. Cash management is keeping enough cash on hand to handle the bank's cash business plus the cash reserve dictated by the bank's policy. Cash on hand plus cash deposited minus cash paid out equals net cash on hand. To ensure that the net cash on hand meets the bank's needs, the cash manager must estimate with fair accuracy the amount of cash to be deposited as well as the future cash demand. Cash is ordered from the federal reserve and excess cash is returned there.
Who is a bank customer?
A Customer is a person who is using any or all of the services offered by the bank. For example: * A Person who has deposited $10,000 in the bank in a CD * A Person who has taken a Loan of $100,000 from the bank * A Person who has a checking account with the bank * etc
What is the Journal entry of cash deposited into parties account?
debit parties accountcredit cash
What is till management in bank?
Money is an account balance. Banks do not maintain cash on hand equal to the amount of money deposited. Rather, they keep about 10% of deposited funds in cash. The amount required varies from day to day and week to week. Cash management is keeping enough cash on hand to handle the bank's cash business plus the cash reserve dictated by the bank's policy. Cash on hand plus cash deposited minus cash paid out equals net cash on hand. To ensure that the net cash on hand meets the bank's needs, the cash manager must estimate with fair accuracy the amount of cash to be deposited as well as the future cash demand. Cash is ordered from the federal reserve and excess cash is returned there.
