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Why is my checking account showing a large negative balance?
There could be several reasons for a large negative balance in your checking account. It could be due to overspending or insufficient funds to cover transactions, such as bounced checks or declined debit card charges. It's important to review your account activity and contact your bank to understand the specific cause and work on a solution.
What are the benefits and drawbacks of free checking accounts?
The benefits are usually that there are no monthly fees, no minimum balance, and only a small balance needed to open the account. The drawbacks are that you do not earn interest in most free checking accounts, and you are limited in the services that you can use. For most regular people, a free checking account serves them well. For wealthy people, free checking does not allow them to gan interest on the large amount of money they have,
What is the relationship between the balance of payments BOP and interest rates?
If the interest rate is lower and balance of payment is large then the currant account will be deficit
How many type of accountant?
Specially there are2 type of bank accounts that we generally consider that are as follow: 1.Saving Account:- used by any customers who has an account in that bank, generally used for saving deposit also for primary salary account. 2. current/Checking account :Generally given to the bank's primary customer. the benefit of this account is that a customer can transfer a large amount and might be a greater sum than their original account balance.
What is the purpose of a money market certificate?
Most people confuse a money market account with certificates of deposit. Money markets are deposit accounts set up like a savings or checking account. However, a minimum balance, and/or limited transactions are commonplace. Interest earned is based on average deposit balance. Therefore, money market certificates are great for large accounts with limited needs for withdrawals.
How many Types of bank accounts?
Specially there are2 type of bank accounts that we generally consider that are as follow: 1.Saving Account:- used by any customers who has an account in that bank, generally used for saving deposit also for primary salary account. 2. current/Checking account :Generally given to the bank's primary customer. the benefit of this account is that a customer can transfer a large amount and might be a greater sum than their original account balance.
An important challenge facing the Constitutional Convention was how to balance the?
needs of eastern and western states <--WRONG to balance the interests of large and small states <--CORRECT
Which of the following businesses most likely would have a large Unearned Revenue account balance at all times?
Magazine publisher
Does US Bank offer free checking accounts?
There are several banks that offer free checking. Renasant Bank offers free checking for all individuals. I recommend them highly and suggest that you check them out at your earliest convenience.
Can I withdraw 100,000 from my bank account?
Whether you can withdraw 100,000 from your bank account depends on the balance in your account and any withdrawal limits set by your bank. It's best to check with your bank directly to see if such a large withdrawal is possible.
To earn a higher interest rate what trade off will you likely have to make?
A money market account is an account that earns a higher rate of interest when you carry a larger balance, resulting from large deposits.
Where can I find a online checking account where you can transfer funds to a international bank account without the large amount of fees?
The best thing to do is to go into the bank and talk to them. It will be easier and sometimes they will waive the fees or most of the fees to transfer the money.
