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savings a/c,fixed deposit ,current a/c

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14y ago

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How does money in my account benefit the bank. does it mean the bank is richer?

The money you deposit into your account is an obligation for the bank to be paid to you anytime you want. The bank would lend this money to its other customers and earn an interest income from it.


How would you put your money in the savings account?

Take the money to a teller at your bank, or deposit it in the ATM at your bank.


Can someone withdraw money from my bank account if they have my bank account number?

No, someone cannot withdraw money from your bank account with just your bank account number. They would need additional information such as your name, security code, and possibly a form of identification to access your account.


Can I wire money from my bank account to another account?

Yes, you can wire money from your bank account to another account.


What is the meaning of online money market account?

An online money market account is basically putting your bank account online that is invested specifically for market. It would typically have higher interest rates for your savings that a typical bank account would.


How do you put money on an account?

Walk into an ATM and deposit the money into your bank accountWalk into the bank branch (any bank that you have an account with) and deposit the money into your bank account


How you get interest rate?

First you need a bank account and money you put the money in the bank account, wait for a year or two and then you get more money in your bank account


Who owns your money in a bank account you or the bank?

The person whose name is on the account owns the money. The bank holds it for them.


What is withdrawal of bank account?

taking out money from your bank account because you want to use the money.


Can I deposit a money order into my bank account?

Yes, you can deposit a money order into your bank account.


Can my bank wire money to another account?

Yes, your bank can wire money to another account.


Can you deposit money orders in your bank account?

Yes, you can deposit money orders into your bank account.