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Sure you can. It is your bank account and you have the right to deposit any amount of money any number of times, provided - You earned the money through legal sources. Banks have the responsibility to report any suspicious activity in banks accounts (like very frequent deposits/withdrawals or large deposits etc.) and also they have the right to ask you for the sources of the funds that you are trying to deposit into your account. As long as you have these details you can very well do that.
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Why can't all depositers in a bank withdraw all their money at once?
Because, no bank would have enough cash to pay off the deposits of all its customers. Reason: Nearly 70% of our deposits would be given as loans to other customers. The bank uses its corpus funds, the remaining 30% funds as well as daily deposits by other customers to meet its day to day cash requirements. If all of us want our money back in one shot, the bank will go bust.
Usefulness of ATM?
An ATM is a very useful machine that can be used to dispense cash and accept deposits without the presence of a Human Teller. Also these machines can be used 24 hours a day and hence customers need not wait for the bank to open to either withdraw or deposit cash.
Where can one find fast pay day loans?
One can find fast pay day loans by going to the Cash Store website. The website offers multiple types of loans such as fast pay day loans for their customers.
What is the settlement day when dealing with gold futures?
The settlement day when dealing with gold futures is the day you decide to cash in on the current value of gold. The amount you make will depend on the value of gold on that day.
Where could a cash advance no checking account be opened?
A cash advance, no checking account to have to open can be obtained at: Pay Day Loan Cash Here, Check Into Cash, Quick Pay, Rapid Cash. In Canada Capital Cash.
Why should cash receipts be deposits on the day of receipt?
Cash receipts help keep track of the money taken in by a business for the day. These receipts can be matched with the deposit to ensure that the numbers are correct.
When you deposit cash into the machine when bank is closed when is your account updated?
The next working day. The deposits are checked the next working day to make sure they match what's been entered by the user. Providing everything's okay - the deposit is credited by the close of business on that day.
What are the Importance of minimum operating cash balance?
Minimum Operating Cash Balance is a very important entity for any bank or financial institution. It refers to the minimum cash reserves the bank would need to maintain to meet its day to day cash requirements. This includes, operating costs, meeting cash for withdrawals, cash for cheque payments etc. As you may know, banks lend money (Our deposits) to earn (and pay us interest) but if they lend off all the deposits, they would not have funds to meet depositors withdrawal requests. Hence minimum cash balance needs to be maintained.
Why can't all depositers in a bank withdraw all their money at once?
Because, no bank would have enough cash to pay off the deposits of all its customers. Reason: Nearly 70% of our deposits would be given as loans to other customers. The bank uses its corpus funds, the remaining 30% funds as well as daily deposits by other customers to meet its day to day cash requirements. If all of us want our money back in one shot, the bank will go bust.
Usefulness of ATM?
An ATM is a very useful machine that can be used to dispense cash and accept deposits without the presence of a Human Teller. Also these machines can be used 24 hours a day and hence customers need not wait for the bank to open to either withdraw or deposit cash.
What are the functions of a bank teller?
To serve the customer, make sure we are meeting all their needs , be able to recognize and present to them any bank product that can enhance and help their banking experience. in addition cashing and making deposits using all security precautions. Be able to balance a cash drawer at the end of day.
What are the function of bank teller?
To serve the customer, make sure we are meeting all their needs , be able to recognize and present to them any bank product that can enhance and help their banking experience. in addition cashing and making deposits using all security precautions. Be able to balance a cash drawer at the end of day.
Where can one find fast pay day loans?
One can find fast pay day loans by going to the Cash Store website. The website offers multiple types of loans such as fast pay day loans for their customers.
What time of day does the IRS send it's direct deposits to your bank?
Usually they send direct deposits in the evening.
What is the proportion of the bank deposits kept by the bank for day to day transcations?
1% of the total
What is petty cash commonly used for?
Petty cash is a small amount of money carried around on one's person or stored in an unlocked box in a business. It is used to make small, but important, day-to-day purchases that are needed immediately.
What is the settlement day when dealing with gold futures?
The settlement day when dealing with gold futures is the day you decide to cash in on the current value of gold. The amount you make will depend on the value of gold on that day.
