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If a company pays money into your bank by accident can it be withdrawn?
Wiki User
∙ 15y ago
Probably. Don't forget that it's not really your money, it wasn't a gift from the company. You would soon scream if the accident happened the other way round.
Wiki User
∙ 15y ago
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How much money can be withdrawn from a bank account at any one time?
5000
What is difference beween a debit card and a credit card?
A debit card is issued by your bank, and when you use it, funds are withdrawn from your bank account thus reducing the money you have the bank. It's like writing a check. When you use a credit card you are, in effect, borrowing money from some company or institution to pay for your purchase and must pay this money back at some time in the future. But, the amount of money you have in the bank is not affected.
If money gets paid into your bank account by accident can it be withdrawn?
Yes - but when the bank finds their mistake they will take it from your account and you will have to repay it - and if it goes into negative or overdraft due to their withdrawal you will have additional fees too! It is best to leave it there and tell your bank - or at least ask them what it is - who knows maybe it does belong to you. Honesty is always the best policy.
What gives banks power over your money?
When money is deposited in a bank, that bank uses the money for loans and other business endeavors. The money in an account belongs to the owner and can be withdrawn at any time. If the bank is in trouble, the deposits are insured through the Federal Deposit Insurance Corporation.
What are the differences between a debit card and a credit card?
The difference between a credit card and a debit card is a debit card is for money that you place in your own bank account that can be withdrawn with a personal pin number. A credit card company lends the person money and charges interest.
How much money can be withdrawn from a bank account at any one time?
5000
What does it mean counter wth in a bank statement?
Counter withdrawal. Money was withdrawn from the bank account through a bank teller from inside a bank.
What is difference beween a debit card and a credit card?
A debit card is issued by your bank, and when you use it, funds are withdrawn from your bank account thus reducing the money you have the bank. It's like writing a check. When you use a credit card you are, in effect, borrowing money from some company or institution to pay for your purchase and must pay this money back at some time in the future. But, the amount of money you have in the bank is not affected.
Is it legal for a company to do an automatic check withdrawal for one of there members with out permission from the check account holder?
Call your bank and find out how to rescind any permission you gave the company to automatically withdraw money. Somehow, the other person was able to provide the information for the money to be withdrawn.
If money gets paid into your bank account by accident can it be withdrawn?
Yes - but when the bank finds their mistake they will take it from your account and you will have to repay it - and if it goes into negative or overdraft due to their withdrawal you will have additional fees too! It is best to leave it there and tell your bank - or at least ask them what it is - who knows maybe it does belong to you. Honesty is always the best policy.
What gives banks power over your money?
When money is deposited in a bank, that bank uses the money for loans and other business endeavors. The money in an account belongs to the owner and can be withdrawn at any time. If the bank is in trouble, the deposits are insured through the Federal Deposit Insurance Corporation.
How can withdrawn money from bank?
You can do it in many ways: a. Visit your bank and use a withdrawal receipt b. Visit your bank and use a check c. Visit your bank ATM and use your ATM card In either of these 3 ways, money will be deducted from your bank account and given as cash to you.
What does ND mean on your bank statement?
"ND" on a bank statement could stand for "No Debits," which means that no money was withdrawn or debited from the account during the period covered by the statement.
What does one do with an online bank account?
One can do the same things with an online bank account that they would do with any other bank account. Money can be deposited or withdrawn, bills can be paid, and interest can be earned.
When I pay the money for a dlc character for a game from an arabic bank do they transform into an amraican money if the company is amraican?
When you pay money from an Arabic bank to an American company, the money will be converted into the US dollars.
A demand deposit is an account in a commercial bank on which checks can be written and from which money can be withdrawn without any advance notice?
monetary policy
Can money can be withdrawn in India by using Visacard of Bank of America?
Yes, It can be drawn from ATM where Visa Card is accepted. If you have balance in your card.
