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13y ago

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Can you get a loan without a banking account?

Banks and savings and loans may pre-approve you, but you will need to open an account with them if you choose to take the loan. If you have a problem opening an account, you will need to get that cleared first.


What is the minimum balance in sbh account?

Its Rs 1000/- for a savings account with cheque book....Rs 500/- for savings account without a cheque book !


Can you contribute to a Health Savings Account (HSA) without having earned income?

No, you cannot contribute to a Health Savings Account (HSA) without having earned income.


In accounting what is balancing the accounts?

Its Rs 1000/- for a savings account with cheque book....Rs 500/- for savings account without a cheque book !


Is possible open a sbi account without pan?

Yes it is possible to open Savings Bank account without PAN


Does the IRS tax you on your checking account savings without interest?

No. You should only be taxed on income, not on your savings.


What is the minimum balance required for STI account?

For a savings account without a checkbook, Rs500 is the minimum balance required to open and maintain the account. For a savings account with a checkbook, the minimum balance doubles to Rs1,000.


How old do you have to be to open a savings account in your name without parental consent?

18


What is a educational savings account?

A Coverall Education Savings Account is a tax free savings account where one can save money to pay for education costs in the future. The aim of this program is to help people complete their studies without having a huge debt load after graduating.


What are 2 benefits of a savings account?

1) creating savings goals 2) putting money in without taking it out gives you interest!


Is it possible to have a checking account without also having a savings account?

Yes, it is possible to have a checking account without also having a savings account. Checking accounts are designed for everyday transactions like paying bills and making purchases, while savings accounts are meant for storing money and earning interest over time. Some people choose to have only a checking account for their immediate financial needs.


What is the difference between a high yield savings account and a regular one?

A high yield savings account is more of an investment than a regular savings account. Most people put money into the high yield account without removing it for extended periods of time, so interest can compound. If you're living paycheck to paycheck, or are saving to travel in 6 months, a regular savings account is a much better choice.