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If your bank account says you have 348 in credit and your available to spend is 328 what does this mean?
Wiki User
∙ 14y ago
It could be because this 20 is blocked to pay off for some other transaction.
Wiki User
∙ 14y ago
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What does cash in the bank mean?
It means you bank account is in credit, you have money to spend.
How do I get my business to have credit?
You need to spend to establish credit. The general steps are to establish your entity, open a bank account, secure a credit card, and begin establishing credit through purchasing.
Is a secured credit card a real credit card or a debit card?
A "credit" card is a credit card.A prepaid credit card (secured) is not tied to a bank account and therefore while, like a debit card, you can only spend to the amount it has been loaded with (it will not provide credit), it is not a true debit card which IS linked into a bank account.
What does credit on debit card means?
Available credit or in general credit on a Debit card means - the amount of money you have in your bank account. Lets say you have Rs. 10000 in your account then your credit is Rs. 10000 only.
Do you need a bank account to have a debit card?
Yes, you do. A debit card is linked to a bank account - so that you can only 'spend' what money is already in the associated account. (ie - you cannot go overdrawn on the card). A credit card is different - it's like a short-term 'loan' that you pay back. You can 'spend' using the card - up to its limit - whether there's any money in your bank account or not.
What does cash in the bank mean?
It means you bank account is in credit, you have money to spend.
How do I get my business to have credit?
You need to spend to establish credit. The general steps are to establish your entity, open a bank account, secure a credit card, and begin establishing credit through purchasing.
Is a secured credit card a real credit card or a debit card?
A "credit" card is a credit card.A prepaid credit card (secured) is not tied to a bank account and therefore while, like a debit card, you can only spend to the amount it has been loaded with (it will not provide credit), it is not a true debit card which IS linked into a bank account.
What does credit on debit card means?
Available credit or in general credit on a Debit card means - the amount of money you have in your bank account. Lets say you have Rs. 10000 in your account then your credit is Rs. 10000 only.
What is the entry for bank loan account?
Debit Bank Account - Assets Credit Bank Loan Account - Liability
What does the company Creditline deal in?
No company named Creditline could be found. A credit line is the amount of credit available to a consumer or business on a credit card or bank account.
Are drawings credit or debit?
Assuming you're talking about drawings on a bank account... they're debits. You are drawing funds out of the account - reducing the available balance.
Why is the balance as per bank statement on the bank reconciliation statement a credit if its a favorable balance but in the bank account the credit means you owe the bank money?
The Debit and Credit on a bank statement reflect the Bank's accounting records, not yours. So when you deposit money into your account, the bank owes you that money to you - it is a liability for them, therefore a credit entry. Similarly, if they charge you a bank fee, it reduces their liability to you, so they would Debit your account (on their books) and Credit an Income account.
Do you need a bank account to have a debit card?
Yes, you do. A debit card is linked to a bank account - so that you can only 'spend' what money is already in the associated account. (ie - you cannot go overdrawn on the card). A credit card is different - it's like a short-term 'loan' that you pay back. You can 'spend' using the card - up to its limit - whether there's any money in your bank account or not.
Us bank Where would you look to find your available credit?
On my Cardholder Account Profile, using the Authorization Limits link
What are the advantages of a Visa prepaid credit card?
Some of the advantages of having a VISA prepaid credit card are: one cannot spend money that they do not have available on the card (no overspending), one does not need a bank account to be able to purchase items with this prepaid card, and one can still get a VISA prepaid card with bad credit.
What is a counter credit or bank giro credit?
A BANK GIRO IS A TERMS OF PAYMENT WHEN OF USING A SLIP PROVIDED BY THE BANK IN ORDER TO CREDIT AN ACCOUNT
