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Is a financial association created on your credit report when two people apply for any type of joint financial account?
Wiki User
∙ 19y ago
Yes, anytime you open a new credit account, even if it is a joint account, it is reported on your credit report either when it is opened or when it is unpaid.
Wiki User
∙ 19y ago
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When was Wings Financial Credit Union created?
Wings Financial Credit Union was created in 1938.
When was Xceed Financial Credit Union created?
Xceed Financial Credit Union was created in 1964.
When was Tropical Financial Credit Union created?
Tropical Financial Credit Union was created in 1935.
When was TruMark Financial Credit Union created?
TruMark Financial Credit Union was created in 1939.
When was Police Association Credit Co-operative Limited created?
Police Association Credit Co-operative Limited was created in 1974.
What is the financial accounting entry for check cashing?
[Debit] Cash account [Credit] bank account
A share draft account is another name for a checking account in what type of financial institution?
credit union
Sample of MT 103?
A MT103 is a SWIFT message for Customer Transfer sent by the FInancial institution initiating the transfer(the Debit leg) to the Financial Instution of the benificary(credit leg). It is an unconditional transfer ie when a Financial Instution gets a MT103 to credit a customer account it had to credit the customer account. PS: SWIFT - Society for Worldwide Interbank Financial Telecommunication.
What is a share in financial accounting and what are the journal entries for the shares?
When applications received Debit Cash account Credit Share applicant account [debit] Share applicant account [Credit] Share application account When share allocated [Debit] Share application account [Credit] share capital account
What is balence?
The balance is the difference between the totals of the credit and debit sides of a financial account.
What is a SWIFT MT 104?
The MT 104 is used to convey customer direct debit instructions and can be:sent by a non-financial institution account owner, or a party authorised by the account owner, to a financial institution to request the direct debit of the debtor's account with the receiver or with another financial institution, and subsequently to credit the creditor's account maintained by the receiver or one of its branches.sent by the creditor's bank, or another financial institution, to the debtor's bank, or another financial institution, on behalf of the creditor/instructing party to order the debit of the debtor's account and to collect payment from this account.sent by a non-financial institution account owner, or a party authorised by the account owner, to a forwarding financial institution to request the direct debit of the debtor's account and subsequently to credit the creditor's account serviced by a financial institution in another country.sent between two financial institutions on behalf of a creditor/instructing party to request the direct debit of the debtor's account in the Receiver's country and subsequently to credit the creditor's account maintained by the Receiver or one of its branches.
What does bank credit mean?
Bank credit has two meanings, depending on the context. (1) If you have a financial account (e.g., checking, credit card, etc.), the bank might credit that account for some reason (e.g., refund a fee). The transaction line associated with that action will likely state "bank credit." (2) The more general meeting is when a financial institution extends credit to an individual or company through a credit card, loan or line of credit.
