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How much cash can i deposit in my US checking account without reporting requirements?
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What are the requirements for a national city checking account?
There are only two real requirements to open the free checking account 1.) and valid SSN if you are a US citizen and 2. a minimum deposit of 100.00
What is money in a checking account called?
Money in a checking account is called demand deposit.
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 is the technical name for checking account is?
Demand Deposit Account
Where can one get a USAA Checking Account?
One can obtain a USSA checking acount at a USAA Federal Savings Bank if the proper requirements are met. One can make a deposit into one's account via online bank transfer, via postage-paid mail envelopes, or at USAA Deposit@Home.
What will be the initial deposit to open a Bank of America account?
I think it is US $ 500 for a simple checking account. The bank would give you an ATM card and a check book for this account. However if you arrange to have a Direct Deposit (Your Monthly Salary/paycheck) into this account Bank of America waives this minimum balance requirement and you can have it as a Zero-Balance checking account.
What describes a demand deposit?
money in a checking accountMoney in a checking account
Change my bank account for direct deposit?
My current bank checking account is invalid. How do I change the account number to the new checking account ???
Can you make a checking account without a deposit?
On opening an account backs will normally ask for a small deposit to start the process.
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.
How do you open a checking account?
You go to your bank of choice and tell them that you want to open a checking account. You'll need a deposit. Banks vary on the amount of a deposit needed to open an account. Banks offer different kinds of checking accounts too.
How does a cheque work?
A check is a demand. It is an order to pay someone form your checking account. A checking account is a demand deposit.
