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Maintenance of an account in the bank which has issued the card is not a pre requisite for applying for a credit card. Having an account with the card issuing bank is essential for debit cards.
Nandkishore Sharma
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∙ 11y ago
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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
How do I get a bank account with bad credit?
One option for you is to open basic bank account online. Through this, build your credibility and then later, you can get a bank account in a bank.
Do you need a bank account to get a credit card?
No.
What does CR mean on a bank account?
credit
Is a credit card needed to sign in to Bank of America?
No, a credit card is not needed to sign into Bank of America. One can have a checking account, a savings account, or other business with Bank of America without having a credit card.
Does AccountNow offer an online bank account?
AccountNow does offer online bank accounts as well as information on how to keep your account and money safe. They also have a 100% approval rating for obtaining an account and no credit checks!
What is the entry for bank loan account?
Debit Bank Account - Assets Credit Bank Loan Account - Liability
Can you get car insurance without a bank account?
Yes. Having a bank account is not a prerequisite for obtaining auto insurance coverage.
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.
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
What is the journal entry for cheque of another bank deposited to bank?
[Debit] Bank account [Credit] Cash account
What is entry for interest credited into Bank account?
bank account debit and interest payable credit
Is it legal to check your credit to open an account with a bank?
Yes, it is perfectly legal to check your credit score before opening an account with a bank. The bank themselves would run a credit check on you before finalizing the account opening procedure. However a good credit score is not mandatory to open a deposit account.
How do I get a bank account with bad credit?
One option for you is to open basic bank account online. Through this, build your credibility and then later, you can get a bank account in a bank.
What is the difference between a checking account and credit card account?
checking from bank fund & credit card prepaid by credit
Can a bank credit deposits in an dormant account?
no
Do you need a bank account to get a credit card?
No.
