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Is there a need to open an account for issuing a certificate of deposit?
Wiki User
∙ 15y ago
Yes. A "certificate of deposit" is a type of savings account where you deposit a minimum amount of money for a minimum amount of time (during which time you cannot make any withdrawals) to accrue a certain interest rate. Usually the higher the dollar amount and the longer the time period, the higher the interest rate.
Wiki User
∙ 15y ago
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Do I need a certificate of deposit to deposit money into my account?
You do not need a certificate of deposit (also known as a CD) to deposit money into an account - unless you are attempting to deposit money into a CD account. Most banks only require you to have a regular savings account opened to be able to deposit money into a checking account for free. However, these terms vary by bank depending on which one you are using. Generally speaking, however, you should not have to open a CD to deposit funds into a regular checking account.
How do you redeem a Stock certificate issued in 1991 in your maiden name?
Every institution will have different requirements but you will first need these two documents marriage certificate, and current state issue ID. Then you will need to establish a brokerage account to deposit the certificate, from there you proceed as you please
Bank in London a Certificate of Deposit I want to verify if the money is in my name on the account What can I do to verift the this account?
hello i need to know if the certificate of deposit is in my name i want to verify if the money is in my name only on the account What can i do it is will to me only i have spend 10,,000 of funds get documents that is need to get the funds transfer to me lawyer over in London and nigeria i have some informaton i have a copy of a bank draft and other documents also but i don't have the account # are pin are card yet what should i do
What happens if I need the money from my certificate of deposit before my term is over?
If you need to withdraw the money from a certificate of deposit before the term is over, you usually have to pay a penalty. The penalty varies from bank to bank and depends on the term of your certificate.
How do I cash in certificate of deposit if I have no paperwork and the bank can not find the CD?
You must complete the paperwork first in order to cash in certificate of deposit. You signature is important because it shows that you need to cash in the certificate.
How do you claim fixed deposit?
Every Fixed Deposit will have a certificate linked to it. The bank would issue you a certificate that is the proof that you have a fixed deposit with the bank that is worth 'n' rupees and matures on 'x' date. You need to carry this back to the bank and submit it and ask for cashing your fixed deposit. The bank will accept the certificate and pay you the cash that is due for the deposit.
You do need account number for made a deposit?
Yes
Do you need a foreign bank account to deposit your lottery winnings?
No
Need to change direct deposit account number?
You need to contact the person to whom you have given the direct deposit instructions (Usually your employer) and submit a written request to change the direct deposit account number. In the request you need to mention the new account number into which you expect the money to be credited. In most cases, employers have a website in which you can login and change your direct deposit account details. If they don't have it, a written letter should do.
What is my balance?
what is my recent deposit and balance on checking account elcantante i need my saving account balance
Can you put a direct deposit down on a home?
"You will, in fact, need to provide some type of deposit down on a home you intend to purchase and the monies usually need to be in an easily accessible account, such as a checking or savings account, a 401k account or a bond."
Can you deposit your check in someone Else's account?
You can deposit someone else's check in your account if they sign it over to you. They need to endorse it over to the person they wish to have it and sign underneath.
