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It depends. If:you have a monthly loan repayment agreement with the bank wherein the bank automatically deducts your monthly payments from your savings account oryou have defaulted on your loan payments for more than 2 or 3 months and haven't contacted the bank reg. the sameThen, the bank can withdraw money from your account (if there is any cash available) towards your loan repayment. Otherwise the bank cannot deduct any money from your account without intimating you.
Sure you can. It's your money and your account and you can close it anytime you wish. However, if you are closing your deposit account before its intended maturity date the bank can charge you a small penalty on the interest component for doing so. But the original money you deposited will not be touched and will be refunded in full when you close the account.
I think the benefits and drawbacks of using an ATM card will damage your bank account like the money you have in the bank could turn into negatives and put you debt.
First you need a bank account and money you put the money in the bank account, wait for a year or two and then you get more money in your bank account
Money placed in a bank account
If the withdrawl is over $149.99 There is a $0.50 Charge. Everything over 149.99 is free of carges.
It depends. If:you have a monthly loan repayment agreement with the bank wherein the bank automatically deducts your monthly payments from your savings account oryou have defaulted on your loan payments for more than 2 or 3 months and haven't contacted the bank reg. the sameThen, the bank can withdraw money from your account (if there is any cash available) towards your loan repayment. Otherwise the bank cannot deduct any money from your account without intimating you.
Sure you can. It's your money and your account and you can close it anytime you wish. However, if you are closing your deposit account before its intended maturity date the bank can charge you a small penalty on the interest component for doing so. But the original money you deposited will not be touched and will be refunded in full when you close the account.
No. A bank account can be a checking or savings. It is the account in your name where you deposit and withdrawl funds from. A bank deposit is when you put money into the account either by you walking into the bank and handing them cash or a check and the bank teller processes it to be put into your account. They are two different things but they are related.
A debit is what occurs when you reduce a credit balance in a liability account such as a checking account. A debit can occur using a debit card, endorsed check, ATM withdrawl or withdrawl for the bank teller.
I think the benefits and drawbacks of using an ATM card will damage your bank account like the money you have in the bank could turn into negatives and put you debt.
what is fdes
Walk into an ATM and deposit the money into your bank accountWalk into the bank branch (any bank that you have an account with) and deposit the money into your bank account
First you need a bank account and money you put the money in the bank account, wait for a year or two and then you get more money in your bank account
In the books of customer cash a/c Dr. To Bank (OD) A/c (Being cash withdrawl from bank overdraft account)
The person whose name is on the account owns the money. The bank holds it for them.
taking out money from your bank account because you want to use the money.