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13y ago

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What does money in the bank mean?

To say that something is like money in bank means that it represents a guaranteed resource, or assurance of success.


How much money is protected in a bank?

The amount of money protected in a bank is typically up to 250,000 per depositor, per bank, through the Federal Deposit Insurance Corporation (FDIC).


How can you protect what you invest in a fidelity municipal money market?

A municipal money market is protected and guaranteed by the federal government. There are different types and levels of money markets, these money markets are usually higher paying than bank accounts, therefore making them more desirable for investment purposes.


Whats the best way to get a guaranteed car with good finance?

The best way to get guaranteed car finance is to go through a reputable bank and be able to put money down. Putiing money down is a good way to show the bank that you are serious.


A bank draft is guarenteed to be there by whom?

Bank drafts are cheques drawn by a bank usually on its own Head Office and may require two signatories such as bank managers. They are guaranteed to be there by your bank and by the customer doing the purchasing. Before a bank draft is guaranteed they make sure that you have enough money to cover it before they grant you a bank draft.


What is the difference between a money order and a bank draft?

A money order is a prepaid payment method purchased from a post office or retail store, while a bank draft is a payment guaranteed by a bank and drawn from the payer's account.


Is Charter One or Bank of America a better bank?

Bank of America is a superior bank because of its great customer service and satisfaction guaranteed. It is truly wonderful to know your money is in good hands.


Merit of consolidation of banks?

A merit of bank consolidation is that the customerÕs money is protected. Another merit is that more customers can be helped when a bank is larger.


Is my money safe in Bank of America?

Yes, your money is generally safe in Bank of America because it is a federally insured bank, meaning that deposits up to a certain limit are protected by the Federal Deposit Insurance Corporation (FDIC).


What is a bank gic?

A Bank GIC is a guaranteed Investment Certificate.


What was the purpose of the FDIC established under the federal reserve act in 1933?

To insure who ever deposites money in to a checking or any kinda account that up to so much money the bank will cover and replace if any thing like the Black Tuseday when the Dow Jones Stock Markets crashed.


What is the difference between performance bond and performance bank guarantee?

The performance bond is what you might get depending on interest rates. The bank guarantee is more secure and will be guaranteed money regardless of what the economy does.