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What document is used when money is paid into a current banking account?
Wiki User
∙ 11y ago
Depositslip
Wiki User
∙ 11y ago
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What type of accounts can be used with MandT Web Banking?
M&T Web banking has a checking account, a savings account, a passbook savings account, a CD account, a Holiday/vacation account, a loan account, a mortgage account, an overdraft account, an equity line account, an IRA account, a PMA account and a MTB money market fund account.
What is the difference between current account and saving bank account?
A current account is one in which businesses keep some money and use it for their day to day transactions. The money in this account does not earn any interest and is available for usage to the customer at all times. A savings account is one in which customers save their monthly savings and they are not like the current account. Though the money is available at any time for the customer to withdraw, money is not as frequently deposited/withdrawn from it like the current account. Hence banks offer a meager interest rate for the money held in this account.
How can you describe a savings account in a bank?
A savings account is one in which customers save their monthly savings and they are not like the current account. Though the money is available at any time for the customer to withdraw, money is not as frequently deposited/withdrawn from it like the current account. Hence banks offer a meager interest rate for the money held in this account.
Difference between current account and call deposit account?
A call deposit account is a hybrid form of Current account and general saving account which allows us to withdraw money at any time as in current account and provides us interest on the deposit amount as in other saving account.
How do you recognize account payable?
Account payable is an account that is a Liability (current). When a person or company owes another company money on account, that is an account payable.
What document is used to withdraw money from a current banking account?
Withdrawal slip.
Analysis of the types of terms of trade?
the current account and the current account balance are within the terms of trade. if you there is money entering the money supply from a foreign market or someone who has not yet deposited the money into a banking system, that will be a current account. it will be a current account balance, composed of capital account, trade account, and account deficit. this means, if the money is leaving the country.
What is the opposite of withdrawal in banking terms?
In banking terms, withdrawal means the removal of money from a bank account. So the opposite is deposit, the adding of money to a bank account
What are advantages of telephone banking?
There are multiple advantages when it comes to telephone banking. You can easily check your account balance or transfer money from your savings to your checking account.
As a child had a banking account though school and put money in every week and the bank was PSFS which is no longer and don't have my account book?
As a child had a banking account though school and put money in every week and the bank was PSFS which is no longer and don't have my account book?
What are the benefits using Bank West's online banking?
Bank West has many benefits for using their online banking. Online banking makes it easier for one to keep up with the amount of money in one's account and to manage their money. One can also easily transfer money between one's saving and checking account through online banking.
Is the amount of money in your checking account called your allowance?
No, the proper banking term is balance for an amount in a checking account.
What is the relationship between ATM banking as a service and the satisfaction of clients?
ATM banking services the need of clients to at any time check the balance of their account and/or access the money in their account.
How can a father Put money in bank account for a mothers child?
* Have your banking institution create an account for the mother and just deposit the money in there. Make sure the mother has the account number so she can draw the money out.
What is the different between banking and savings and loans?
saving is when nu want to save ur money and loans are when u borrow money and banking is when u make a account at a bank
What is the difference between saving bank account and Current account?
A current account is one in which businesses keep some money and use it for their day to day transactions. The money in this account does not earn any interest and is available for usage to the customer at all times. A savings account is one in which customers save their monthly savings and they are not like the current account. Though the money is available at any time for the customer to withdraw, money is not as frequently deposited/withdrawn from it like the current account. Hence banks offer a meager interest rate for the money held in this account.
What is the meaning of MT in banking terms?
MT Stands for Money Transfer in banking terms. A Money Transfer is a transaction wherein money is transferred from the bank account of one customer into the bank account of another customer. For Ex: let us say I owe you Rs. 5000/- which I borrowed last month and I know your bank account number. I can just login to my bank account and transfer the money to your account using the MT facility
