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What else can I help you with?
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 The money in an account belongs to the owner and can be withdrawn at any time.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 does it mean if someone defaults on a loan?
When someone defaults on a loan, it is when you borrow money from a bank and you say that you are going to pay it back, but you do not, therefore stealing their money. This can wreck your credit score and get you in deep trouble.
How can I find a bank that gives you money?
You can find a bank that gives you money by opening a savings or checking account with a bank that offers interest on your deposits. Look for banks that have competitive interest rates and low fees to maximize the money you can earn.
If i have a levy on my account and just got married to someone who lived outside of united stated will money be taken out of their bank even if its in vietnam?
A person may get in trouble if they suddenly transfer money to an account out of the country.
What is a bank interest?
An interest is where the bank gives you their money for joining them. The more money you put in the bigger interest is given to you!
What do you like most in the bank?
The money it gives us
Why bank is called financial intermediateries?
Bank is financial service provider.Ist time i will say who r deposited in bank? the answer is who has surplus of money.that unit is called SFU( surplus economic unit) and bank is kept that money ,when depositors money is more in bank,then after bank gives the loan deficts who has able to return of that money in the bank with interest.but suddendly if the depositors want to his or her money for need to bank,then bank gives the money with cutting the certain fixed interest rate.
What do bankers use spreadsheets for?
To keep track of how much money someone has in their bank account. To keep track of how much money someone has in their bank account.
Can you get in trouble opening a bank account for someone else?
Yes you can. It is illegal to open a bank account for someone else unless they have given a written legal power of attorney to you.
What if someone pays money into your account that is fraudulentare you responsible to pay it backis the bank allowed to hold on to your money?
Yes. You are responsible for any money that is present in your account. If you feel some transaction (a deposit) has happened in your account which you are not aware of, you must notify the bank of the same. If you happen to hold on to this money and it so happens that this money was being used by terrorists and they put it into your account by mistake, you will also be in trouble. So it is better if you intimate the bank reg. this.
When you borrow money from a bank where does that money come from?
When you borrow money from a bank they pull cash from the bank's reserves. This collection of cash is the net cash reserves within the bank or its network from depositors in the system.
What information do you need to wire money to someone?
To wire money to someone, you typically need their full name, bank account number, routing number, and the name of their bank.
