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If you transfer an amount from your bank into PayPal and you have a slightly lesser ammount im your account will PayPal simply take the next avalable ammount or cancel the transaction?
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∙ 11y ago
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What does money transfer mean?
Money transfer refers to the transaction wherein money is transferred from one bank account to another. Ex: If you want to transfer $1000 from your account to your friends account then you have to perform a money transfer
What is contra voucher in accounting?
A Contra voucher entry is a transaction involving transfer of cash between one Cash A/c to another or one Cash A/c to another Bank A/c i.e., is a transaction indicating transfer of funds from:Cash account to Cash accountCash account to Bank accountBank account to Cash accountBank account to Bank account
What does POS allow?
The POS allows for the transfer of money from a buyer's account to a seller's account through either an online transaction or through an automated clearinghouse
What is Inward GIRO Return?
An interbank fund transfer transaction amount may be returned by the beneficiary bank if the beneficary account number is an invalid account.
What s mean contra posting?
As per the Accounting Principles, a Contra entry is a transaction involving transfer of cash between one Cash A/c to another (e.g. main cash to petty cash )or one Cash A/c to another Bank A/c i.e., is a transaction indicating transfer of funds from.Cash account to Cash accountCash account to Bank accountBank account to Cash accountBank account to Bank account
What is the correct drill-down hierarchy for account lists and transaction lists?
Management account, cardholder account, transaction list
How do you transfer money from Dubai to India using nre account i have Indian bank nre account in India?
You need to contact your bank who will advice you on how you will be able to make this transaction.
Do banks take money out of your account to cover bank fees?
Yes. The bank has the rights to deduct any fees or transaction charges from the cash balance you have in your account in return for the services availed by you. For Ex: If I do a NEFT funds transfer from my HDFC account to my ICICI Account, HDFC charges me Rs. 5/- as fee for that and deducts it from my account a day or two after I do the NEFT transaction.
What is the correct drilled hierarchy for account lists and transaction lists?
Managing account to card account to transaction list
What type of account can be a transaction account?
A checking account
How to Transfer Balances Between Financial Accounts?
If you have more than one account with a financial institution, there will probably come a time when you need to transfer money from one account to another. A good example of this is when you realize that you wrote a check for an amount that was not in your checking account, and need to transfer money from your savings account to cover the difference.Transferring Money by TelephoneOne way to get money moved from one account to another quickly is to call your bank and request that they complete this transaction for you. Some banks may have an automated telephone system set up where you can transfer the money by pressing a number on your telephone keypad that corresponds with the transaction. Whether you speak to someone live or issue the transfer through a voicemail system, you should always write down the date and time of the transfer in case there is a problem and the transaction does not go through.Transferring Funds OnlineMost banks have online banking available to their customers where you can complete a wide range of financial transactions, including transferring funds from one account to another. If your bank offers this, you just need to sign on to their website, enter the credentials for your account and look for a tab that gives you the option to transfer funds.After you have located it, indicate which account you want to transfer money out of and the amount of transfer you are requesting. Then choose the account to receive the money and hit submit. You should notice the account transferred to the desired account immediately, although all banks have different policies on how soon your money will be available to withdraw.Transferring Money in PersonIf you are not comfortable using the Internet or telephone for financial purposes, you always have the option of visiting your bank in person and requesting that a teller make the transaction for you. Be sure to retain a receipt of the transaction and double-check with the teller regarding when the funds you transferred will be available.
The transaction would increase an asset account and increase a liability account?
The transaction would increase an asset account and increase a liability account?
