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Is the amount of money in your checking account called your allowance?
Wiki User
∙ 12y ago
No, the proper banking term is balance for an amount in a checking account.
Wiki User
∙ 12y ago
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What is a checking account frequently referred to as?
A checking account is also called a transactional account or chequing account.
What is money in a checking account called?
Money in a checking account is called demand deposit.
What is the owner of the checking account called?
this is a rubbish site
What is a checking account at a credit union called?
what is a chekcing account at a credit union
Can you buy an allowance for itunes?
The iTunes Store does have something called iTunes Allowance. iTunes Allowance allows you to send a monthly iTunes Store credit to someone from $10-$20 per month. Each month, your chosen amount will be automatically added to your recipient's iTunes Store account. Unused allowance credit rolls over from month to month until the recipient spends it.
What is a type of checking account that also earns interest these accounts generally have a minimum balance?
A type of checking account that also earns interest is called an interest-bearing checking account. These accounts typically require a minimum balance to be maintained in order to earn interest.
What is the term for money kept in a checking account?
A checking account is called a "demand deposit" because it is available for transfer to another individual or company by writing a check or draft.
How are bad debts treated in the final accounts?
Companies who extend credit to individuals or other companies set aside an account that is called allowance for doubtful accounts. This account can be based on the amount of sales or the amount of accounts receivables. In determining the amount of the account managers review the previous history to make adjustments. If someone does not pay, after so much time it is written off into this accounts. Sometimes the bad account is sold to another collection agency in attempt to collect.
The amount of money in a bank account is called what?
account balance
How do you get a bank account if you are on chexsytem?
Chase offers a checking account called Chase Access checking that you may be approved for. There is a monthy fee of $10 and you can't use checks, but you get a debit card.
What is the amount of money in an account called?
It is called a bank accounts balance
What is an amount deducted from a bank account called?
debit
