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if I bought a Deposit Note of a bank going to bankrupcy,what can I expect?
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∙ 15y ago
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How do you withdraw from a fixed deposit account?
You cannot withdraw from a fixed deposit account without cancelling the note, which will likely incur a cancellation fee...
What happens when you deposit counterfeit money?
if you deposit a fake cash in a atm is depend on a bank security and the currency that you are depositing two thing will happens 1 is the atm accept your note as a real note or just recognize the note and spit it out or stop the transection and alert in that time police will arrive for investigation
How long does it take for an envelope deposit to process?
Envelope deposits are manually counted, they will deposit the funds into your account usually within 24 hours. Note: The bank does not accept deposits at ATMs that we do not own or operate.
Is a certificate of deposit the same as a promissory note?
No, they are not the same.Promissory note: represents a loanA promissory note written document in which a borrower agrees (promises) to pay back money to a lender according to specified terms. It usually includes specific terms of repayment, such as when the note is payable on demand and whether payment is due by a stated time or through a series of payments. A promissory note is a legally binding written promise to repay a debt.Certificate of deposit: represents money deposited in a term accountA certificate of deposit (or CD) is similar to a savings account in that you are paid interest on money deposited in a financial institution. However, you earn higher interest in exchange for agreeing to leave the money on deposit for a set period of time. CDs are a safe investment as long as you understand how they work and especially the penalties for early withdrawal of the funds. CDs are issued by commercial banks and savings and loans (or other thrift institutions).
If you fail to complete the deposit for your down payment but are already financed and making car note payments can the car dealer repo your car for the remaining down payment?
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Can an unsecured promissory note be used for a deposit on purchasing a home?
No. An unsigned promissory note has no legal value whatsoever.
How do you withdraw from a fixed deposit account?
You cannot withdraw from a fixed deposit account without cancelling the note, which will likely incur a cancellation fee...
Do you have to make a deposit to make a checking account?
IN most cases a bank will ask for a deposit , often a small one note type to open the account
What happens when you deposit money?
if you deposit a fake cash in a atm is depend on a bank security and the currency that you are depositing two thing will happens 1 is the atm accept your note as a real note or just recognize the note and spit it out or stop the transection and alert in that time police will arrive for investigation
What happens when you deposit counterfeit money?
if you deposit a fake cash in a atm is depend on a bank security and the currency that you are depositing two thing will happens 1 is the atm accept your note as a real note or just recognize the note and spit it out or stop the transection and alert in that time police will arrive for investigation
What does prenote in direct deposit mean?
A Pre-Note is a test deposit to see if the submitted banking information is correct, i.e., routing and account numbers. This is usually done on a new account set up for Direct Deposit.
What is the difference between a Secured Promissory Note and a Promissory Note?
A secured promissory note has collateral attached - usually an item/items of value or a deposit. If the note is not fulfilled, the creditor can seize the collateral as payment. An unsecured note has no collateral attached.
How long does it take for an envelope deposit to process?
Envelope deposits are manually counted, they will deposit the funds into your account usually within 24 hours. Note: The bank does not accept deposits at ATMs that we do not own or operate.
Are you entitled to your deposit back no paper work has been signed?
Where I live a deposit is a payment to hold the vehicle.Please note I said paymentSo no, if you put down a deposit, you are paying us to not sell the car for a period of time.This payment is credited against your purchase but not refundable if decide not to buy.
Is a certificate of deposit the same as a promissory note?
No, they are not the same.Promissory note: represents a loanA promissory note written document in which a borrower agrees (promises) to pay back money to a lender according to specified terms. It usually includes specific terms of repayment, such as when the note is payable on demand and whether payment is due by a stated time or through a series of payments. A promissory note is a legally binding written promise to repay a debt.Certificate of deposit: represents money deposited in a term accountA certificate of deposit (or CD) is similar to a savings account in that you are paid interest on money deposited in a financial institution. However, you earn higher interest in exchange for agreeing to leave the money on deposit for a set period of time. CDs are a safe investment as long as you understand how they work and especially the penalties for early withdrawal of the funds. CDs are issued by commercial banks and savings and loans (or other thrift institutions).
State three possible reasons why a debtor's account might have a credit balance?
Overpayment Payment in advance Credit note issued Deposit received
If you fail to complete the deposit for your down payment but are already financed and making car note payments can the car dealer repo your car for the remaining down payment?
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