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Why bank account is debited when commission is received?
commission is an asset
Is bank overdraft credited or debited?
It is a debit and taken out of your account.
What happens when money is deposited in account is it credited or debited?
deposited money is credited to your concern bank account
When using a bank card in a shop is your bank account debited immediately?
In most cases yes, but it depends on the retailer and the bank.
How can you receive online payments without a bank account?
Online payments must go to a bank account. Using a routing number for the bank being used and the account for which it is being placed.
How central bank of nigeria controls other commercial banks?
central bank control other bank by giving them loan and it debited their account.
What is a uncredited check?
these are the cheques that has been presented to the bank but still they are under process by the bank. The customer account has been debited already.
How do i cancel the first and all payments to be debited from my account?
Call and send a cacellation letter to debitor, and or get a new account number from bank.
How long does it take for a cheque to clear in a Halifax bank account?
It depends on where you write it or where the person you gave it to cashes it. With electronic processing, funds may be debited from your account anywhere from immediately to 48 hours afterwards. If presented in person at the bank it was drawn on for cashing, funds are immediately debited.
Is it legal to have a Canadian Bank account without being Canadian?
Canadian banks require that you visit the bank there in order to open an account
What does Adjustment reversal from Chase bank mean?
It means that Chase reversed an adjustment that they previous debited or credited to your account.
Define inward clearing?
Inward clearing refers to the checks drawn by a bank client on their account in favor of other parties. The accounts of the check issuer is debited to the account and the payment is made to the bank.
