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How can a direct payment from a saving account to the lender become derogatory?
Wiki User
∙ 8y ago
It might be that there was not enough money in the account to honor the auto draft. Or in quite often the request date falls on a holiday or "non banking day". Thereby making the draft when it is implemented, appear as a late payment. In short a bookkeeping error, that can and should be corrected asap.
Wiki User
∙ 8y ago
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What is the term for a bank account that permits direct payment to a third-party?
Transactions account
Is direct debit a good payment system?
Generally, for regular payments, direct debit is a good payment system as it means that there is no need to worry about paying a bill as it is automatically taken out of your bank account. However, if your bank balance is uncertain, direct debit is perhaps not the best payment system.
What is the Definition of direct credit?
It is an arrangement by which one get regular payment like salary credited one's bank account.
What is a direct payment?
A direct payment can include cash or checks that are received for a service. Direct payment comes from the person receiving the service and goes to the person giving the service.
What does direct debit mean?
Direct debit is a convenient way to make recurring payments, such as utility bills or loan installments, by allowing authorized parties to withdraw funds directly from your bank account on specified dates.
What is a bank account that permits direct payment to a third party?
Transactions Account
What is the term for a bank account that permits direct payment to a third-party?
Transactions account
Is it safe to get payday loans direct to my checking account?
If you get the loan to your account then they can take payment from you whenever they want so it is better not to do a direct deposit.
Is direct debit a good payment system?
Generally, for regular payments, direct debit is a good payment system as it means that there is no need to worry about paying a bill as it is automatically taken out of your bank account. However, if your bank balance is uncertain, direct debit is perhaps not the best payment system.
What is the Definition of direct credit?
It is an arrangement by which one get regular payment like salary credited one's bank account.
How the direct debit payment system works?
A direct debit payment solution is simply a financial transaction in which one person withdraws funds from another person's bank account. Formally, the person who directly draws the funds instructs the bank to collect (i.e. debit) an amount directly from another's bank account - and then pay those funds into a bank account designated by the payee. Direct Debit is an agreement between yourself and your bank, which authorizes the bank to allow an organization to collect a regular or irregular payment from your account. It is actually managing your funds better!
What would appear in the credits column of a bank statement in a check account?
out of an online bill payment, bank fees, an ATM withdrawal, and a direct deposit it is direct deposit
What is the Method of payment that your salary goes from employer to your bank account and you never see your money?
It's called direct deposit.
What would appear in the credits column of a bank statement for a checking account?
out of an online bill payment, bank fees, an ATM withdrawal, and a direct deposit it is direct deposit
How is the payment of workmens compasition insurance set up?
Once a Workman's Compensation claim is approved, payment will then start. Workman's Compensation can either send you a check for your payment or you can set up a direct deposit so the payment will automatically go into your bank account.
What is a direct payment?
A direct payment can include cash or checks that are received for a service. Direct payment comes from the person receiving the service and goes to the person giving the service.
Can landlord require direct rent payment from checking account?
Whether or not a landlord can require direct rent payment from a checking account depends on the terms of the lease agreement. It is important to review the lease carefully to determine if there are any specific payment methods that the landlord requires. If the lease states that rent must be paid via direct withdrawal from a checking account, then the landlord can require it.
