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What are some of the obstacles with getting a bank account with bad credit?
Wiki User
∙ 14y ago
It can be hard to open a checking account if you have had a bankruptcy court judgment or bad credit against you. Some banks like NatWest will let you open a Step Account where they track your record for a period of time, then let you move up to a regular account with checking.
Wiki User
∙ 14y ago
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What bank will give you a bank account if your credit is terrible?
Most banks would give you because after all you would be depositing cash into your account. Only when the bank has to give you cash it would bother about it. Getting products like cheque books, overdraft or credit card or loans might be the difficult part. Getting an account should not be much of a fuss.
What is the entry for bank loan account?
Debit Bank Account - Assets Credit Bank Loan Account - Liability
Why is the balance as per bank statement on the bank reconciliation statement a credit if its a favorable balance but in the bank account the credit means you owe the bank money?
The Debit and Credit on a bank statement reflect the Bank's accounting records, not yours. So when you deposit money into your account, the bank owes you that money to you - it is a liability for them, therefore a credit entry. Similarly, if they charge you a bank fee, it reduces their liability to you, so they would Debit your account (on their books) and Credit an Income account.
What is a counter credit or bank giro credit?
A BANK GIRO IS A TERMS OF PAYMENT WHEN OF USING A SLIP PROVIDED BY THE BANK IN ORDER TO CREDIT AN ACCOUNT
What is the journal entry for cheque of another bank deposited to bank?
[Debit] Bank account [Credit] Cash account
What is entry for interest credited into Bank account?
bank account debit and interest payable credit
Is it legal to check your credit to open an account with a bank?
Yes, it is perfectly legal to check your credit score before opening an account with a bank. The bank themselves would run a credit check on you before finalizing the account opening procedure. However a good credit score is not mandatory to open a deposit account.
How do I get a bank account with bad credit?
One option for you is to open basic bank account online. Through this, build your credibility and then later, you can get a bank account in a bank.
What is the difference between a checking account and credit card account?
checking from bank fund & credit card prepaid by credit
Can a bank credit deposits in an dormant account?
no
Do you need a bank account to get a credit card?
No.
What does CR mean on a bank account?
credit
