Bank account offers multiple financial services.
1. Banks offer financial services in terms of savings in current account,fixed term deposits and saving account deposits.
2. Banks gives loans and advances as cash credit,demand loans,short term loans.
3. Banks provide overdraft facilities.Banks provide agency functions such as transfer of funds,collection of funds,payments for various items,purchase and sale of shares and securities,collection of dividends.acts as trustee and executor of property/assets, and offers letter of reference for trade.
4. Banks provide services by discounting bills of exchange.
5. Banks provider finance for foreign trade ..
6. Banks perform general utility functions ljke Travellers cheque,locker,ATM credit/debit cards facilities,underwriting securities of government or private bodies.
7. Banks function to provide purchase and sale of foreign currency
8. Banks create credit creation.
6 precations for accounts openings
Banks usually freeze accounts of customers for 2 main reasons:Inactivity for a prolonged duration of time say 6 months orSuspicious or illegal activities carried out using the bank account like terrorist financing or money laundering
Usually accounts that are not operated/used by customers for a period of more than 3 months become inactive and the ones that are inactive for more than 6 months become dormant. Such accounts will still exist in the bank records but cannot be used by the customer unless he/she pays a visit to the bank explaining the reason for the same and requesting for it to be made active. You can find out if an old account exists by visiting the bank where you feel you have an account and carry along any document that might help them figure out if you really have an account with them like: Bank account statement or passbook or check book etc.
When you deposit a cheque into your bank account the series of steps mentioned below follow... Assuming the cheque you deposited is from Bank A and your bank is Bank B. 1. Bank B collects all the cheques that are issued by customers of Bank A. 2. They would send all these to Bank A for validation, who in turn would send cheques of Bank B deposited with them 3. In Bank A, all the cheques will be validated for their originality and also for funds in the accounts. If so, those cheques would be passed. 4. In the meantime Bank B would have validated its cheques that were given by Bank A 5. Bank A and Bank B would have some calculations and adjust the payments to be made for the cheques issued by its customers. 6. All this happens in 2-3 working days and you would realize the payment.
probably 6
Feel free to explore, but both ING Direct* and Ally Bank offer great rates for their savings accounts and checking accounts. First National Bank of Omaha (FNBO) also offers online accounts for savers out there- I believe that they have a checking account as well. American Express also offers banking to individuals whether you carry one of their cards or not, but for now they only offer a high-yield savings account. If you choose to get an American Express savings account but need an online-based checking account, check out the current offers from PerkStreet.One thing to note: since you are dealing with a bank that may not have a physical branch, you will need to fund your online account either by sending in checks made out to yourself or making an electronic transfer from another bank.* edit: ING Direct was renamed Capital One 360 after being acquired by Capital One. They were purchased in mid-late 2012 and launched the new name at the start of 2013
6 precations for accounts openings
Yes. Not many banks have done it so far, but some of the Private Banks have done so already. 1. YES Bank - 6% for all Savings Accounts 2. Indus Ind Bank - 5.5% for Savings Accounts with balance of less than 1 Lakh and 6% for Savings Accounts with balance of greater than 1 Lakh 3. Kotak Mahindra Bank - 5.5% for Savings Accounts with balance of less than 1 Lakh and 6% for Savings Accounts with balance of greater than 1 Lakh More Banks are expected to follow suit.
Yes. Dhanalaxmi bank is a Scheduled Commercial bank in India. It provides the basic banking services to its customers which include: 1. Checking/Current account 2. Savings accounts 3. Internet/Mobile Banking 4. ATM Cards 5. Check Books 6. Deposit Accounts 7. Loans 8. Credit Cards etc.
Someone else said:WoodforestBut I'm not sure about that one, however, I can definitely vouch for the two below.Peoples Bank from Paris, Texas.Transportation Alliance Bank (TAB) from Ogden, Utah.Woodforest do offer 2nd chanceI would go with Bank of Texas: they offer 2nd chance but if your account is in good standing for 6 months they will transfer you over to a regular account. So therefor you are no longer on 2nd chance and you wont be charged all the unnecessary fees...I actually bank there and went through it myselfThere are actually several banks in each town that offer second chance banking accounts, one is Wells Fargo, they offer an account called the Opportunity Package.
They are not a bank but a middleman pushing annuities
Newcastle strives to offer competitive interest rates on home loans,car loans, personal loans, and transaction, investment, and savings accounts. with savings accounts the highest interest rate is 6%, 5.8% for investment accounts, 4.5% for transactional accounts, 8.97% for home loans,
A commercial bank is a normal bank that provides the basic banking services to its customers. Some of the different services available from commercial banks to its customers are: 1. Checking/Current account 2. Savings accounts 3. Internet/Mobile Banking 4. ATM Cards 5. Check Books 6. Deposit Accounts 7. Loans 8. Credit Cards etc.
It differs from country to country and most importantly from bank to bank. For ex: in countries like USA, Singapore etc, the rate of interest is less than 1% per annum. But, in India the minimum is 4%. Some private banks offer a much higher rate too. For ex: YES Bank offers 6%, Kotak Mahindra bank & Indus Ind Bank offer 5.5% and so on.
if they are level 70 or more you can sell them for a nice amount of cash but make sure that they have some money in their bank
A commercial bank is a normal bank that provides the basic banking services to its customers. Some of the different services available from commercial banks to its customers are: 1. Checking/Current account 2. Savings accounts 3. internet/Mobile Banking 4. ATM Cards 5. Check Books 6. Deposit Accounts 7. Loans 8. Credit Cards etc.
To obtain information on a CD savings account, you could go to your bank (assuming that you are banking somewhere.) and ask for the different "package plans" they have. Credit Unions also offer information on CD savings accounts. However, be sure you factor in with whatever plan you choose the time it takes for the CD to mature because early withdrawal, in most cases, could cost you up to 6 months in interest.