0
If you are referring to ATM, most cards have a daily limit, so every 24 hrs unless you go inside or cash a check somewhere.
Wiki User
∙ 14y ago
Add your answer:
Earn +20 pts
Can you use it as a debit card and get money?
It would help if you were more specific about what "it" is. You can get a cash advance on a credit card, but there's usually no grace period on cash advances (as there is with purchases) since the credit card company doesn't make any money on the transaction itself in that case. If "it" is an EBT card, you may or may not be able to depending on the type of benefits. For cash benefits, you can usually make cash withdrawals. For "food stamp" type programs, you usually can't.
Does it matter if credit card debt was cash advances?
It could make a difference if the debt was acquired through cash advances instead of purchases, as this activity often has a higher APR associated with it.
If you withdraw a large sum of money from the bank do they give it to you in cash?
They do if you want it that way, but depending on what you mean by "large", you may have to give the bank notice so they will have the cash on hand. Many of the smaller banks and bank branches do not keep as much cash in the vault as the larger banks do. And, unless banking regulations have changed since I worked in banking, if you make a single cash withdrawal or a cash deposit of more than $10,000 (unless you are making a transaction for a business, such as a grocery store), they have to fill out a form for the IRS.
Can you make multiple cash deposits in one day?
Sure you can. It is your bank account and you have the right to deposit any amount of money any number of times, provided - You earned the money through legal sources. Banks have the responsibility to report any suspicious activity in banks accounts (like very frequent deposits/withdrawals or large deposits etc.) and also they have the right to ask you for the sources of the funds that you are trying to deposit into your account. As long as you have these details you can very well do that.
What is the purpose of requiring banks to keep a specific percentage of their deposits on a hand in the vault?
To make sure customers' demands for withdrawals can be met instantly
Can I make withdrawals on my 401k from Super Value?
You can make a withdrawals with your 401K however you will have to be aware of the fees that are charged from the 401K.
Can you use it as a debit card and get money?
It would help if you were more specific about what "it" is. You can get a cash advance on a credit card, but there's usually no grace period on cash advances (as there is with purchases) since the credit card company doesn't make any money on the transaction itself in that case. If "it" is an EBT card, you may or may not be able to depending on the type of benefits. For cash benefits, you can usually make cash withdrawals. For "food stamp" type programs, you usually can't.
How do you make a sentence with the word recipient?
The recipient of the award gets a trophy and a large cash prize.
Is there a maximum number of withdrawals I can make from my savings account each month?
Your bank or credit union will not have a limit on the number of withdrawals you can make, but they may have a limit on the number of withdrawals or amount of money you can withdraw within a short period of time (24 - 48 hours). In addition, they may charge a fee once you pass a certain number of withdrawals in a month.
Which of the following explains why government sets a required reserve ratio for private banks?
So that the bank's don't run out of money when customers make withdrawals.
Why don't most people make one large cash payment for a house?
Because usually people don't have a lot of cold hard cash on them and they need a loan instead.
How is ATM useful for us?
Many ATM's allow the user to make deposits as well as withdrawals. This means you no longer need to waste (often considerable) time in a bank's queue waiting to speak to a cashier.
Does it matter if credit card debt was cash advances?
It could make a difference if the debt was acquired through cash advances instead of purchases, as this activity often has a higher APR associated with it.
What is meant by blocking a bank account?
that means stop make tansection like withdrawals
Can the joint minor make withdrawals from the account without permission from other joint owner?
I believe no
What are three limitations on the money expansion process?
1. Borrowers do something with the money they borrow 2. People do not withdraw cash. 3. Banks do not let reserves sit idle To the extent that people prefer to hold cash, the actual money multiplier will be smaller than the simple money multiplier because cash withdrawals reduce reserves in the banking system. Reduced reserves give banks less ability to make loans or buy bonds.
Why cash flow is a challenge to starting a business?
Depending on the type of new business, you'll often have an initial outlay when you acquire premises, equipment and machinery etc. but have yet to make a sale. Therefore you have no cash coming in but a lot of cash going out which is why keeping an eye on your cash flow is imperative for any new operation.
