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Actually it depends. Most banks provide basic banking facilities like checking/saving accounts to customers free of charge (As long as they maintain a basic minimum balance) but if you want specialized services like International Debit card or mobile banking etc. the bank may opt to charge for that.
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∙ 13y ago
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What do you get when you open a bank account?
You get a bank account, of course. You can also get a card to use at machines so you can take money out.
What does a basic bank account entail?
A basic bank account entails the storage of the amount of money that you invest in it. It will then use a certain amount of your money to invest in other businesses, which allows the bank to give you interest.
What does debit an account mean?
A Debit is a transaction wherein money is debited or withdrawn or taken out from your bank account. For Ex: You use your ATM card to withdraw money from an ATM, this transaction will be reflected as Debit in your account because you have taken money from your account.
How do you use a debit card?
You would use it as a credit card, but the debit card takes money directly from your bank account.
Why the journal entry is debit when the owner withdraws money from the business account for personal use?
It is a debit because money is being taken from the account. You debit the owner's capital account and credit cash/bank.
What is withdrawal of bank account?
taking out money from your bank account because you want to use the money.
What does relationship bank account mean?
A relationship bank account does not use money...
What is money paid for the use of money called?
Money that is paid for the use of money is called interest. When you keep your money in a bank savings account, the bank credits your account with interest.
What is the money paid for the use of money called?
Money that is paid for the use of money is called interest. When you keep your money in a bank savings account, the bank credits your account with interest.
If I use the max on my debit how long before I use it again?
debit cards draw money out of your bank account. you can use it again when you bank account has money in it again.
My current bank account was closed and someone has been depositing money to it can the bank use this money for an outstanding loan?
my bank closed my account can i reopen the same account again
Can I open a click bank account with no bank account or can I use my PayPal as a bank account?
PayPal is not a bank you need to have a bank account to open a PayPal account. The reasoning for this is because PayPal pulls the money from your bank to make purchases.
What do you get when you open a bank account?
You get a bank account, of course. You can also get a card to use at machines so you can take money out.
How much does it cost to use a Bank of America ATM?
If someone has a bank account with Bank of America it is free to use the ATM.
What do bankers use spreadsheets for?
To keep track of how much money someone has in their bank account. To keep track of how much money someone has in their bank account.
Does a tweet account cost money?
Twitte does not cost any money to use. There is no advertising on the site for third party companies.
Does it cost money to use Snapfish?
You can register for an account for free. However, the products cost money.
