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Can the Chex System close your other checking and savings account from another institution?
Wiki User
∙ 17y ago
No, it is a reporting agency and does not have the legal power to make changes of any sort to bank accounts. Banks and other financial instituitions however, use CS to determine the risk factor of clients or potential clients.
Wiki User
∙ 17y ago
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What are sundry deposits?
Sundry deposits are assorted deposits that you may have. They may include having a checking and a savings account.
Can someone else open a savings account for you?
No. A Savings account can only be opened by the individual who is going to own and operate the account. Proxy account openings are not allowed in the banking industry. Unless the customer makes a trip to the bank, he/she cannot get a bank account opened.
What is an hsbc business and where can you find one?
HSBC is not a business you are able to purchase. HSBC is a bank that offers checking and savings accounts as well as credit cards. This bank is located nationally.
What are owner's savings?
owners savings
What type of bank is CBandS bank?
CB&S is an ordinary bank that offers checking and savings accounts, loan products, and mobile baking. One would be able to find more information regarding this bank on the official CB&S website.
What is a depository institution with at least one type of checking and one type of saving account?
A depository institution which offers checking and savings accounts is called a bank.
Can the Chex System close your existing checking and savings accounts from another institution?
No, the Chex System does not have the authority to close your existing checking and savings accounts from another institution. The Chex System is a consumer reporting agency that collects and reports information on individuals' banking activities, but it does not have the power to make decisions regarding account closures.
What is the name of the financial institution where the checking account is offered?
a bank, a savings and loans office or a co-op. these are places where you can open a chequing or a savings account or both.
Are there more fees in a checking account compared to a savings account?
Most checking accounts have no fees. Savings account has more fees than checking accounts because of the higher interest yields available in a savings account.
How can you split a payment between your savings account and your checking account In the ePay function?
In the ePay function, how can you split a payment between your savings account and your checking account
In the ePay function how can you split a payment between your savings account and your checking account?
In the ePay function, how can you split a payment between your savings account and your checking account
Is it wise to combine my checking and savings account, and why?
It wouldnt be wise to combine unless you are putting money from checking into your savings. A savings account is a little more protected and shouldn't be used as a checking.
Is saving account a bank account?
If you have a savings account at a bank, then it is a bank account. If you have it in another kind of institution, such as a Credit Union or Savings and Loan, then it is not a bank account, although some people use the term "bank account" loosely and apply it to any savings account anywhere.
What's one difference between a checking account and a savings account?
savings account earns interest.
What makes a savings than a checking account account a better investment?
A savings account earns interest.
What are the various types of bank accounts?
* Savings Account/Checking Account * Current Account * Fixed/Time Deposits * Recurring Deposits
Why is a checking account more convenient is savings account?
It's easier to spend the money in a checking account.
