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Can you open an account in US and have a person from UK deposit money in that account?
Wiki User
∙ 13y ago
Yes. There are no restrictions as to who can deposit cash into an account. Anyone can deposit cash into anyone else's account as long as they know the account number of the account into which they want to deposit cash. For ex: I can walk into the bank branch where you hold a checking account and deposit $500 into it if I know the account number. Nobody will ask or question me as to why I am doing so…
Wiki User
∙ 13y ago
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How do you open a bank account to deposit a account payee cheque?
by opening a/c only can deposit n withdraw money
Where can one find a cheap deposit account?
Someone can find a cheap deposit account at a local bank that does not charge you very much to open a deposit account with them, or just spending no money and keeping your money yourself.
What is the average minimum deposit for money markets?
A minimum deposit is required to open a money market account; $1,000 is typical.
Do I need a certificate of deposit to deposit money into my account?
You do not need a certificate of deposit (also known as a CD) to deposit money into an account - unless you are attempting to deposit money into a CD account. Most banks only require you to have a regular savings account opened to be able to deposit money into a checking account for free. However, these terms vary by bank depending on which one you are using. Generally speaking, however, you should not have to open a CD to deposit funds into a regular checking account.
How much deposit money for open a new account?
It depends on a lot of unknowns. In the UK, you can open a basic savings account in most banks with as little as £1.00 !
Is there a certain amount of money required to open a free checking account at most banks?
The Answer is Yes, most and if not all banks require an initial deposit of $100.00 dollars to Open a new account. Other bank require a higher initial deposit but to the best of my knowledge for the most part a one hundred dollar deposit will do to open an account.
How could one open a money market deposit account with Capital One?
One can open a money market account with Capital One by visiting the Capital One website. On the website one should follow the "Opening an Account" link.
Is it true or false that if you open a savings account you can increase your money?
True - If you keep depositing your monthly savings regularly into your savings account. False - If you don't deposit any money into your account. Money in your savings account does not increase automatically. Banks will credit a small interest amount every quarter/year into your account but that wouldn't increase your balance significantly unless you deposit funds into your account.
I want to invest in something that will give me good returns but has no risk of losing money.?
You should open a fixed deposit account as in this kind of an account you deposit money for a stated period of time and a fixed interest rate is paid at the end of the tenure. It is not affected by fluctuations in the money market.
Who offers current accounts?
All banks offer current accounts. There are no restrictions as to who can open a current account. As long as you have money to pay for the initial deposit to open a current account, any bank will open one for you.
Can I get a direct deposit even if my account got closed?
no you have to have an open account
Why initial deposit is required for opening an Account?
To reduce fraud. Bank accounts are for holding money. If you don't have any money why would you open a bank account and get a big fresh stack of checks?
