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There are some banks that offer this feature but it is not a mandatory feature for personal account holders. Even in banks that offer this insurance it is not applicable for all accounts. They would offer this only for customers who open a particular type of account.
For Ex: ICICI Bank may offer Personal Accident insurance for all savings account holders who maintain a minimum balance of Rs. 50,000/- in their account.
Note: The above statement is only an example used only for illustration purposes & it is not an applicable scheme from ICICI bank.
What else can I help you with?
Can you deposit a check made out to a trust into a personal account?
No, you cannot deposit a check made out to a trust into a personal account. Trust accounts are separate legal entities and should have their own designated bank accounts for deposits.
How much is an account insured for by the FDIC?
The Federal Deposit Insurance Corporation (FDIC) insures deposit accounts up to $250,000 per depositor, per insured bank, for each account ownership category. This coverage applies to checking accounts, savings accounts, money market accounts, and certificates of deposit (CDs). It's important for depositors to understand their account ownership types to maximize their insurance coverage.
What type of account is typically insured by the FDIC?
The Federal Deposit Insurance Corporation (FDIC) typically insures deposit accounts held at member banks, including checking accounts, savings accounts, money market deposit accounts, and certificates of deposit (CDs). Each depositor is insured up to $250,000 per insured bank for each account ownership category. This insurance protects depositors in the event of a bank failure. However, investment products like stocks, bonds, and mutual funds are not covered by FDIC insurance.
What are the FDIC insurance limits for savings accounts?
The FDIC or Federal Deposit Insurance Company is a Federal Government Corporation in the United States that now provide deposit insurance and safety for a depositor's account up to $250,000.
What is a business deposit account?
A business deposit account is the same as a savings account for an personal customer. It allows businesses to make some interest on lump sums that they are able to leave in these accounts for a set period of time.
What types of accounts are offered at Bangkok Bank?
There are many types of account which you can open via the Bangkok Bank. Some are Savings accounts, Current accounts, Deposit account and Fixed Deposit account.
How can I deposit a business check into my personal account?
To deposit a business check into your personal account, you can typically do so by visiting your bank branch or using the bank's mobile app to deposit the check electronically. Make sure to endorse the check with your signature and write "For Deposit Only" followed by your account number on the back of the check. Follow your bank's specific instructions for depositing business checks into personal accounts.
How can I deposit a personal check into a business account?
To deposit a personal check into a business account, you can typically visit your bank and fill out a deposit slip with the business account information. You will need to endorse the check with your signature and the business name, and then hand it to the teller for processing. Some banks may have specific procedures for depositing personal checks into business accounts, so it's best to check with your bank for their requirements.
Types of bank accounts in indai?
Some of the different types of accounts in India are: a. Savings Account b. Current Account c. Fixed Deposit Account d. Recurring Deposit Account e. Senior Citizen Deposit Account f. Senior Citizen Pension Account g. Etc.
Who is an account holder?
Anyone that has been added to a deposit account or savings accounts
What dpes the The Federal Deposit Insurance Corporation (FDIC) insures?
The Federal Deposit Insurance Corporation (FDIC) insures deposits in member banks and savings associations in the United States. This insurance protects depositors by covering their accounts up to $250,000 per depositor, per insured bank, for each account ownership category. It primarily safeguards checking accounts, savings accounts, money market accounts, and certificates of deposit. The FDIC aims to maintain public confidence in the U.S. financial system by ensuring the safety of depositors' funds.
What are the different types of deposit account?
The most common and basic types of deposit accounts are checking and savings accounts. These are both used to deposit money into if your place of work has direct deposit.
