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Q: Can you use lasalle bank to deposit funds into bank of America account?
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Difference between time deposit and demand deposit?

Demand Deposit It is type of an account from which deposited funds can be withdrawn immediately at any time without any notice to the depository institution. Time Deposit It is type of deposit which is in contrast to demand deposit and funds are not available immediately .These are also known as term deposits .


Can anyone deposit cash into a bank account owned by someone else and have the funds immediately available to them?

If the person who is depositing the cash has the name of the person and/or the account number of who they wish to deposit cash in yes they can do so. Some banks may limit the funds availability depending on the amount of cash.


Why would someone need your user name and password to your online banking account to deposit or transfer funds to your acct?

Your name I understand, but your password you should never give out. Once they have that they can do anything with your acct.. They should not need a password to deposit or transfer money, unless they are taking out. If you gave it out, I would recommend changing it right away. You shouldn't be sharing your password with anyone. Your account number and full name is all that is required to transfer or deposit money into your account. If you shared your user name and password with anyone for deposit of funds, it means you have been cheated and contact the bank ASAP to lock your online banking account to ensure safety of your funds.


Can a bank cash a check in an account that has insufficient funds?

You could, but they may use the amount from the check(s) you gave them to cover the insufficient funds you may owe on the account. Unless you make a deposit prior to cashing the check(s) in.


Is the fixed deposit and term deposit same?

Yes. Fixed Deposit and Term Deposit both refer to the same thing. A deposit account is one in which you keep a fixed sum of money for a specific duration (Usually atleast a few months) based on an agreement with the bank. The bank does not expect you to withdraw funds regularly from this account and hence gives you a better interest rate.

Related questions

When freezing an account does it stop funds going in?

no - only stops funds from leaving your account you can still deposit


Should prepaid rent be deposited in security deposit account?

Some states have statutes which state that a security deposit cannot be comingled with the landlord's funds. Some legal scholars have concluded that, since the last-month-rent deposit is the landlord's funds, these cannot be in the same account.


What is the iban for hsbc Australia?

what bank details do i need to deposit funds in australian account


Is it legal for a temp agency to direct deposit into a bank account from a previous assignment a long time before without your recent permission?

You can make a deposit into anyones account whether you are on it or not, but you have to be on the account to make withdrawls and to switch funds around. It is not legal for anyone to take funds from your account unless authorized in writing or in person


Difference between time deposit and demand deposit?

Demand Deposit It is type of an account from which deposited funds can be withdrawn immediately at any time without any notice to the depository institution. Time Deposit It is type of deposit which is in contrast to demand deposit and funds are not available immediately .These are also known as term deposits .


How does a player make a deposit to their account on the Bingo Palace website?

A player can make a deposit to their account on the Bingo Palace website by first signing up for an account. Then, in the "Account Info" section, simply click the "Add funds" button.


What are the risk's of depositing your money in someone's bank account?

Once you deposit your funds into another individuals bank account, those funds are no longer yours. You can not get your money back unless the owner of the account withdraws the funds and decides to give them to you. I recommend getting your own bank account.


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 do you open an account as an adult?

It depends on the type of account. For a bank account, you appear at the bank with suitable ID and funds to deposit, and fill out the documents they give you.


How much is deposited into bank account to verify funds?

A deposit of 1 or 2 cents is usually used to verify a bank account.


What does TTEE mean?

TTEE is an abbreviation for "trustee." The trustee on a trust or on a other deposit account controls the assets in the trust or the funds in the account.


Can the director of a corporation deposit company money into their personal bank account?

They can deposit money into their personal bank account but they shouldn't. It will mix funds and accounting and taxes will be challenging. They can also be accused of wrongdoing.