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Actually nothing special happens. The few things that happen are:
- Your bank balance increases by 10000 (the amount you deposited)
- The money you deposited is available for withdrawal anytime you want
- The money you deposited starts earning an interest for you for as long as this money is kept in that account.
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∙ 13y ago
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What happens if a large deposit is made in a bank?
The bank would deposit a portion of the money with the central bank and then think of ways to lend this money and earn an income out of it.
Can you deposit quarters at the bank?
yes you can deposit quarters at the bank
What is a bank's reserve-to-deposit ratio?
this is the amount of deposit the central bank authorise bank to keep them
What happens when you deposit money through ATM?
Actually the same thing happens if you deposit money through a bank branch by paying the cash to the bank teller. The only difference is that, in most cases, the money deposited is not reflected in the bank account balance immediately and is available only the next day. But some specialized cash deposit ATMs are available with a few banks which accept your cash, count them and credit them into your account immediately
What happens if I need the money from my certificate of deposit before my term is over?
If you need to withdraw the money from a certificate of deposit before the term is over, you usually have to pay a penalty. The penalty varies from bank to bank and depends on the term of your certificate.
How do you deposit money Mafia Wars?
to deposit money in the bank you need more than what you want do deposit because the bank charges 10% of what you deposit. for example you want to deposit 1000000 dollars, you must posses 1100000 dollars to have the 1000000 dollars put in the bank.
What happens if a large deposit is made in a bank?
The bank would deposit a portion of the money with the central bank and then think of ways to lend this money and earn an income out of it.
Is CD investment risky?
No. CD stands for Certificate of Deposit which is a certificate issued by a bank after they accept the deposit from you. No matter what happens, this money will be returned to you on the date of maturity/completion of this deposit.
Can you deposit quarters at the bank?
yes you can deposit quarters at the bank
What happens if the deposit is written down wrong?
It is unclear what kind of deposit is being asked about - a BANK deposit - or a deposit/downpayment on an item.If a bank deposit, the bank's audit at the end of the business day will disclose this fact as well. Either way you will not be damaged, but neither will you gain an un-earned windfall.If a downpayment, you would have to speak with the businessperson involved in order to resolve the issue or clarify the terms of the dispute.
What is a bank's reserve-to-deposit ratio?
this is the amount of deposit the central bank authorise bank to keep them
What is the verb for deposit?
Deposit is both a noun and a verb. She made a deposit at the bank. (noun) She was able to deposit the money at the bank. (verb)
What happens when the bank puts a deposit in the wrong account?
They will research it, and if the deposit was put into the wrong account they will debit the account it was put into and credit the account it was supposed to go into. It is important you fill out your deposit slip accurately because that is the record of where it should have gone. If that happens, all parties involved will be notified by the bank. The bank will revert the transaction if the mistake was on their part. If the incorrect transfer happened because of the customers mistake in providing accurate account numbers, the bank would not revert the transaction.
What is the journal entry for cash deposit for Fixed deposit in bank?
debit bank accountcredit cash / bank
What happens when you deposit money through ATM?
Actually the same thing happens if you deposit money through a bank branch by paying the cash to the bank teller. The only difference is that, in most cases, the money deposited is not reflected in the bank account balance immediately and is available only the next day. But some specialized cash deposit ATMs are available with a few banks which accept your cash, count them and credit them into your account immediately
How do you deposit money in an account?
you can deposit at the bank
Is a checking account reported to the government?
Yes. As per the government regulations, all bank account transactions beyond a certain amount are reported to the Government. For ex: in USA, if a deposit of over $5000 happens in an account, the bank has to intimate the Government. Similarly in India, if a deposit of over Rs. 50,000 happens in an account, the bank has to intimate the Government.
