answersLogoWhite

0


Want this question answered?

Be notified when an answer is posted

Add your answer:

Earn +20 pts
Q: What are the pros and cons of a payments or deposit only bank?
Write your answer...
Submit
Still have questions?
magnify glass
imp
Related questions

Can you cash a check endorsed to you but says for deposit only on the front of it?

No, you can only deposit the checl to a bank account.


Can you deposit gold into your bank account?

No. Only Cash (Money) can be deposited into a bank account. Gold is a valuable metal and there is no way a bank will accept that and deposit it into your account. However, you can always rent out a safety deposit locker with the bank and keep your gold in that for safekeeping.


Which bank has the best certificate of deposit?

GE Capital Retail Bank has the best certificate of deposit. The APY rate is only 1.050% and the rate is 1.040% and is compounded daily. The minimum deposit is $25,000.00.


Can you cash a check issued by JP Morgan chase at Bank of America?

It depends:If you want to get cash directly from the check without having to deposit it into your bank account - NO. You can do that only from JPMC bank branchesIf you are planning to deposit the check into your bank account - YES, you can deposit the check into your account that is held with any bank across USA


How do you open a bank account to deposit a account payee cheque?

by opening a/c only can deposit n withdraw money


If a check is issued to A B and C can A alone deposit the check in his own bank account only?

Yes. As long as the check is not being cashed, the bank can stamp the check and deposit it.


How does government sponsored deposit insurance affect your decision deposit money in a bank?

If the deposits in one bank are insured by the government sponsored deposit insurance whereas, in another bank this insurance is not available, it means that in case the first bank goes bankrupt, the government will give me my hard earned money that I put into my account with that bank, whereas it won't do anything if the other bank that does not have deposit insurance goes bankrupt and I stand to lose my hard earned money. So, I will deposit my money only in a bank that has the FDIC insurance on deposits available.


Can you deposit cash into someone else account at different bank with only account number or do you need bank routing number also?

You do not need the routing number if you are going to that person's bank and making a deposit. You would only need the routing number for an electronic transfer.


What bank has routing number 096017418?

Bank Routing Number 096017418 belongs to University National Bank. It routing FedACH payments only.


Can you deposit millions in a bank CD?

You sure can. But, it's only insured for $100,000 by the FDIC.


What bank has the 555201024 routing number?

JP Morgan Chase Bank Alexandria, Louisiana


How do you encash crossed cheque?

Deposit it into your bank account A crossed cheque cannot be cashed directly. It can only be deposited into a bank account.