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What happens if the bank has restrained your account for a long overdraft period of time?
Wiki User
∙ 15y ago
Most banks will allow an account to remain negative for 30 days and then they will close the account ..many will charge fees during this period
Wiki User
∙ 15y ago
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Settling an old overdrawn bank account?
Settling an old, overdrawn bank account can help to improve your credit standing over a period of time. Many banks will also allow you to open an account again once the overdraft is paid.
What is temporary overdraft?
A temporary overdraft is the ideal solution for dealing with any unexpected event for which you need additional funds for a short period of time.
What is Overdraft facility?
when bank give loan to the people on credit for a fixed time period is called overdraft facility. we can withdraw more than than our bank bal.
If a bank puts a hold on funds can they charge overdraft fees during the period until they pay the amount on hold?
Banks can definitely charge overdraft fees on an account if they are holding the funds. Banks will argue that you should not spend the money in your account until it is available to you or until the hold has been released. I have been in banking for years, and even though customers may not think this is a fair practice, it is perfectly legal and done all the time.
What does it mean if you bank says - such n amount but i cant go over on my account i dont have an overdraft?
most banks have a 24 hours withdraw limit. for example in my bank i cant withdraw more that $500 in a 24 hour period, so is likely that you either have reached your limit or there is an error on the account
Overdraw your bank account?
Banks all over the world offer a service known as "overdraft" where you are allowed to overdraw your account. An overdraft is the amount that a customer of a bank has drawn in excess of the balance on his or her current account. There is usually an agreed limit up to which the customer is allowed to write checks. This was previously referred to as going into the red, because debit balances used to be shown in red ink. However with modern computerized accounting systems it may now be indicated by a symbol at the side of the balance, such as the letters Dr as distinct from Cr for a credit amount. Interest is charged on the outstanding balance from day-to-day which fluctuates with any credit items posted to the account. Such items can be salary in the case of a private individual, or trading income in the case of a firm. The account holder benefits from having a lower debt for interest charges than would be the case with a loan that is credited only with set repayment credits. An overdraft limit is set for a specific time period, usually one year, and can be renewed for an extended period after expiration.
What is overdrafting?
A temporary overdraft is the ideal solution for dealing with any unexpected event for which you need additional funds for a short period of time.
The ending account balance of permanent accounts for one fiscal period are the beginning account balances for the next fiscal period?
th ending account balances of permanent accounts for one fisical period?
Where is the beginning of period capital account balance?
It is at the end of the period.
Can sand be molded?
Yes, however, whether it stays molded for any long period of time is doubtful. Dry sand will tend to flow easily when not restrained.
If you inherit money but no one can find you what happens?
The money will go into an escrow account for a period of time. The time varies based on state laws, but could be as long as 7 years.
What happens a month before a woman's period?
The only thing that happens exactly one month befor a woman's period is her previous period.
