0
If a bank puts a hold on funds can they charge overdraft fees during the period until they pay the amount on hold?
Wiki User
∙ 14y ago
Banks can definitely charge overdraft fees on an account if they are holding the funds. Banks will argue that you should not spend the money in your account until it is available to you or until the hold has been released. I have been in banking for years, and even though customers may not think this is a fair practice, it is perfectly legal and done all the time.
Wiki User
∙ 14y ago
Add your answer:
Earn +20 pts
What is temporary overdraft?
A temporary overdraft is the ideal solution for dealing with any unexpected event for which you need additional funds for a short period of time.
What is Overdraft facility?
when bank give loan to the people on credit for a fixed time period is called overdraft facility. we can withdraw more than than our bank bal.
What does it mean if you bank says - such n amount but i cant go over on my account i dont have an overdraft?
most banks have a 24 hours withdraw limit. for example in my bank i cant withdraw more that $500 in a 24 hour period, so is likely that you either have reached your limit or there is an error on the account
Can a lending company charge interest and fees that are higher than your monthly payment?
yes, it is possible. It all depends on the amount of loan and the period of repayment of loan. In order to get low monthly installments make the time period of loan repayment more. In this way though you have to pay more amount but you will able to pay that amount in your current monthly income.
What does a home mortgage statement look like?
Just ike a Bank Statement, or a Credit Card, or Loan Statement, and they all vary from Lending Institution / Bank. Most have the following information in common.:- Loan Amount Outstanding at begining of Period, Interest Charged during Period, Any late Fees or Mortgage Insurance Charges Payments received during Period Current Balance due. Additional Information may show what portion of the Balance and transactions is "Principal" and what is " interest" Interest rate for current period. Initial Loan Amount. Early ( Current ) Payoff Amount.
What happens if the bank has restrained your account for a long overdraft period of time?
Most banks will allow an account to remain negative for 30 days and then they will close the account ..many will charge fees during this period
What is temporary overdraft?
A temporary overdraft is the ideal solution for dealing with any unexpected event for which you need additional funds for a short period of time.
Inventory system in which the inventory records do not show the amount available for sale or sold during the period called?
The periodic inventory system does not show the available amount for sale during the current period. It also does not show the amount sold during the current period.
What is Overdraft facility?
when bank give loan to the people on credit for a fixed time period is called overdraft facility. we can withdraw more than than our bank bal.
If total assets decreased by 88000 during a period of time and owners equity increased by 65000 during the same period then the amount and direction of the period's change?
If total assets decreased by $88,000 during a period of time and owner's equity increased by $65,000 during the same period, then the amount and direction (increase or decrease) of the period's change in total liabilities is d. $153,000 decrease
What contigent rent?
Contingent rent refers to rent that is not a fixed amount. The rent amount for a particular period will depend on the amount of revenue that the tenant had during that period of time.
What do you called the amount of rain that falls in a place during a particular period?
no
What is the rule of a president in a country?
The period of time during which a president is in charge is called his (or her) term of office.
What are the Romans of govement and who is the charge?
The Romans had three forms of government over the 1,200 years f their history: a monarchy for 244 years, a republic for 482 years and rule by emperors for 53 years. During the monarchy the king was in charge. During the republican period two annually elected consuls were the heads of the Republic. During the period of rule by emperors, the emperors were in charge.
Social position and power during the federal period was based on?
amount of land possessed
What is the amount a business takes during a period of time selling its goods and services?
revenue
Social position power during the feudal period were based on?
Amount of land possessed.
