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Is the deposit of a cashier's check into a checking account issued to the account holder processed the same as a cash deposit?
Wiki User
∙ 11y ago
They are processed the same as all other checks, however, the availability is different. Cash tends to be available immediately. Your bank may also give you immediate credit for a cashier's check, but most provide next-day availability.
Wiki User
∙ 11y ago
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Change my bank account for direct deposit?
My current bank checking account is invalid. How do I change the account number to the new checking account ???
How do you open a checking account?
You go to your bank of choice and tell them that you want to open a checking account. You'll need a deposit. Banks vary on the amount of a deposit needed to open an account. Banks offer different kinds of checking accounts too.
What is my balance?
what is my recent deposit and balance on checking account elcantante i need my saving account balance
How do you set up direct deposit for my checking account?
If you ask your bank, they can help you.
Which type of account is typically the most liquid A checking account B savings account C certificate of deposit D exchange traded fund?
A checking account is typically the most liquid.
If you deposit a cashiers check to a friends checking account do they pay taxes the money is mine and 5 figures?
If the money that is being deposited into the checking account is a gift, then they do not pay taxes. However, if this is a business transaction, then they may have to pay taxes.
What is money in a checking account called?
Money in a checking account is called demand deposit.
Can I deposit cash in someone esle's checking account?
Yes. There are no restrictions as to who can deposit cash into a checking account. Anyone can deposit cash into anyone else's account as long as they know the account number of the account into which they want to deposit cash. For ex: I can walk into the bank branch where you hold a checking account and deposit $500 into it if I know the account number. Nobody will ask or question me as to why I am doing so…
What is the technical name for checking account is?
Demand Deposit Account
What will be the initial deposit to open a Bank of America account?
I think it is US $ 500 for a simple checking account. The bank would give you an ATM card and a check book for this account. However if you arrange to have a Direct Deposit (Your Monthly Salary/paycheck) into this account Bank of America waives this minimum balance requirement and you can have it as a Zero-Balance checking account.
What describes a demand deposit?
money in a checking accountMoney in a checking account
Change my bank account for direct deposit?
My current bank checking account is invalid. How do I change the account number to the new checking account ???
Can you make a checking account without a deposit?
On opening an account backs will normally ask for a small deposit to start the process.
What does dda mean in ATM transfer to dda number?
DDA stands for demand deposit account. It is a bank account in which you can deposit and withdraw money. A form of a demand deposit account is a checking account.
How do you open a checking account?
You go to your bank of choice and tell them that you want to open a checking account. You'll need a deposit. Banks vary on the amount of a deposit needed to open an account. Banks offer different kinds of checking accounts too.
How does a cheque work?
A check is a demand. It is an order to pay someone form your checking account. A checking account is a demand deposit.
Can you deposit to your checking account without going to home branch?
no,
