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Do the bank have the right to ask questions about a deposit made to your account although the check cleared?
Wiki User
∙ 13y ago
They have just as much right to ask as you have to answer - meaning, they can ask all they want, but you do not have to provide an answer unless you want to, or are required to for legal reasons.
Wiki User
∙ 13y ago
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How do you deposit money in an account?
you can deposit at the bank
What is the difference between a current account and a call deposit account?
You can withdraw cash at your call deposit account at any time if you have a call deposit account. The current account has the sum of the income of the goods and service less the expenditure.
Can you deposit cash into a friends bank account?
Yes, if you know the account number. You will get a receipt for the deposit, but it will not show you your friend's account balance.
Difference between deposit account and call account?
Fixed Deposit Call Account -There is a fix Maturity -There is no Fix Maturity -Terms of Deposit are generally fixed -Terms Generally Varies -Deposit and withdrals can not be made at - Deposit and Withdrals can be made Any Time at any time
Difference between current account and call deposit account?
A call deposit account is a hybrid form of Current account and general saving account which allows us to withdraw money at any time as in current account and provides us interest on the deposit amount as in other saving account.
How long does it take to clear the bank if i deposit money into someones account how long does it take to clear the bank if i put money into someones account?
Most times, the deposit should be cleared into their bank account within 24 hours. The amount will vary depending upon the bank and when you make the deposit.
How do you deposit money in an account?
you can deposit at the bank
Why is investec commercial bank a deposit taking intermediary?
It have a variety of deposit account, such as check account, savings and time deposit
Can you open an account in US and have a person from UK deposit money in that account?
Yes. There are no restrictions as to who can deposit cash into an account. Anyone can deposit cash into anyone else's account as long as they know the account number of the account into which they want to deposit cash. For ex: I can walk into the bank branch where you hold a checking account and deposit $500 into it if I know the account number. Nobody will ask or question me as to why I am doing so…
Can I deposit cash in someone esle's checking account?
Yes. There are no restrictions as to who can deposit cash into a checking account. Anyone can deposit cash into anyone else's account as long as they know the account number of the account into which they want to deposit cash. For ex: I can walk into the bank branch where you hold a checking account and deposit $500 into it if I know the account number. Nobody will ask or question me as to why I am doing so…
What does dda mean in ATM transfer to dda number?
DDA stands for demand deposit account. It is a bank account in which you can deposit and withdraw money. A form of a demand deposit account is a checking account.
What if the bank doesn't give you your money?
In order to answer this question, more information is needed. For example, what type of account is it, why are they refusing to give you your money, is there a court order involved? At any rate, one of the more common occurances is when you deposit a check into your account. The balance of your account may reflect the deposit, but the bank may not release the funds until the check has cleared. This may take a few days.
What is the difference between a current account and a call deposit account?
You can withdraw cash at your call deposit account at any time if you have a call deposit account. The current account has the sum of the income of the goods and service less the expenditure.
Do I need a certificate of deposit to deposit money into my account?
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.
Can you deposit cash into a friends bank account?
Yes, if you know the account number. You will get a receipt for the deposit, but it will not show you your friend's account balance.
What happens if you deposit a check for more than 10000 dollars?
The below things happen:You will get richer by $10000Your account will be credited with $10000The bank will notify will intimate law enforcement authorities about this large value deposit into your account (This is done to prevent money laundering and terrorist financing)All these are under the assumption that, the check you deposited gets cleared and you get the money.
What is money in a checking account called?
Money in a checking account is called demand deposit.
