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Do I need a certificate of deposit to deposit money into my account?
Wiki User
∙ 14y ago
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.
Wiki User
∙ 14y ago
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What happens if I need the money from my certificate of deposit before my term is over?
If you need to withdraw the money from a certificate of deposit before the term is over, you usually have to pay a penalty. The penalty varies from bank to bank and depends on the term of your certificate.
Bank in London a Certificate of Deposit I want to verify if the money is in my name on the account What can I do to verift the this account?
hello i need to know if the certificate of deposit is in my name i want to verify if the money is in my name only on the account What can i do it is will to me only i have spend 10,,000 of funds get documents that is need to get the funds transfer to me lawyer over in London and nigeria i have some informaton i have a copy of a bank draft and other documents also but i don't have the account # are pin are card yet what should i do
Is there a need to open an account for issuing a certificate of deposit?
Yes. A "certificate of deposit" is a type of savings account where you deposit a minimum amount of money for a minimum amount of time (during which time you cannot make any withdrawals) to accrue a certain interest rate. Usually the higher the dollar amount and the longer the time period, the higher the interest rate.
Can your grandaughter put money into your checking account?
Sure. Most banks do not have any restrictions on who can deposit money into a customers bank account. Even if I want, I can deposit money into your checking account. All I need is to know your full name and your bank account number. So, your grand daughter can easily know your name and account number and she can happily deposit money into your account.
I am a pakistani i have a lot of cash money now what bank account should i have to deposit money?
If you have a lot of cash, you will need to deposit the money in a bank in the town you live.
What if you used all your money from your account what could happen to you?
You will need to deposit more
Is a deposit a debit or a credit?
A bank deposit slip is used for credit. Credit is an action in which money is deposited into a bank account. For doing so, we need to fill a deposit slip. The deposit slip contains details like the name of the account holder, amount of money deposited, the denominations, date of deposit etc.
Is a bank deposit slip a credit or debit?
A bank deposit slip is used for credit. Credit is an action in which money is deposited into a bank account. For doing so, we need to fill a deposit slip. The deposit slip contains details like the name of the account holder, amount of money deposited, the denominations, date of deposit etc.
Need to change direct deposit account number?
You need to contact the person to whom you have given the direct deposit instructions (Usually your employer) and submit a written request to change the direct deposit account number. In the request you need to mention the new account number into which you expect the money to be credited. In most cases, employers have a website in which you can login and change your direct deposit account details. If they don't have it, a written letter should do.
How do you redeem a Stock certificate issued in 1991 in your maiden name?
Every institution will have different requirements but you will first need these two documents marriage certificate, and current state issue ID. Then you will need to establish a brokerage account to deposit the certificate, from there you proceed as you please
What should you do with a certificate of deposit that is going to mature?
It depends on if you need the money when it matures or not. If you do not, open up a new CD or begin whats called a CD "Ladder". Here's a link that describes this technique which allows you to maximize your interest rates and earn more money with CD's:http://www.ehow.com/how_5416449_make-money-certificate-deposit-laddering.html
When there is a credit balance on a bank statement it means?
It means that you have money in your bank account that can be withdrawn whenever you need. A credit balance indicates that there is money in your account whereas a Debit balance indicates that you owe money to the bank. You can withdraw as much money as you have in your account anytime you want if the account is a saving or checking account. If it is a Time Deposit, you may have to wait until the deposit matures or incur the penalty for premature closure.
