0
Want this question answered?
Be notified when an answer is posted
Add your answer:
Earn +20 pts
What happens if you deposit a check for more than 10000 dollars?
The below things happen:You will get richer by $10000Your account will be credited with $10000The bank will notify will intimate law enforcement authorities about this large value deposit into your account (This is done to prevent money laundering and terrorist financing)All these are under the assumption that, the check you deposited gets cleared and you get the money.
What happens to your money in the CD accounts?
It gets granted as loans to other customers. Banks make money by lending loans out of the money we deposit with them. In case of a regular savings account, you can withdraw your money anytime you want. So the bank cannot effectively use this money to make profits themselves. But, in case of a Certificate of Deposit the bank knows that you will not withdraw the money until the stipulated deposit period, so they can effectively utilize this money to make a profit and therefore share a percentage of the same by means of a higher interest rate.
how safe is the fdic?
Most Americans are familiar with FDIC-insured banks,the Federal Deposit Insurance Corporation is a U.S. government corporation which guarantees the safety of most account types in banks that are members, accounts are protected up to $250,000 per depositor per bank for CDs, checking, savings, retirement, money market, and a few other account types,some things that are not guaranteed at your FDIC bank include stocks, safety deposit boxes, stocks, and several others, believe it or not, FDIC does not insure your money if it gets stolen from the bank the bank's private insurance should cover that
What happens when you invest in a mutual fund?
your money gets loaned out to businesses and companies.
What happens if an heir to an estate has received nothing in 3 years?
Then he probably gets pretty upset.
What are the release dates for Major Dad - 1989 Gunny Gets Robbed 4-19?
Major Dad - 1989 Gunny Gets Robbed 4-19 was released on: USA: 12 March 1993
What are the release dates for Paris Precinct - 1955 A Thief Gets Robbed 2-26?
Paris Precinct - 1955 A Thief Gets Robbed 2-26 was released on: USA: 18 December 1955
In the episode when the Griffins get robbed who gets sent to make Peter a sandwich?
Meg.
What are the release dates for The Jack Benny Program - 1950 Jack Gets Robbed 3-3?
The Jack Benny Program - 1950 Jack Gets Robbed 3-3 was released on: USA: 30 November 1952
What are the release dates for Rodney - 2004 Rodney Gets Robbed 1-21?
Rodney - 2004 Rodney Gets Robbed 1-21 was released on: USA: 19 April 2005 Germany: 28 May 2008
What chapter in A Single Shard does tree ear get robbed?
Tree-ear gets robbed in Chapter 2 of "A Single Shard." While on his way to deliver Min's pots to Songdo, he is attacked and robbed by a thief named Kang.
What is the song called where a girl gets knocked down in the street and a guy comes running out of his shop which then gets robbed?
Hoobastank - The Reason
What is the benefit of gun?
The benifit of a gun in your house is if someone breaks in your house you have the right to shoot him. the benifit to carry a gun is if something happens and your in a bank and it gets robbed or someone tries to rob you you have the right to stop thet threat
Does the president gets paid once or twice a month?
bi weekly and gets direct deposit...
How much money gets stolen at schools?
a lot of money gets stolen, statics show that 49 percent of students with money at school get robbed.
What is the most common time of the day that banks gets robbed?
I think afternoon. Why do you even need to know?
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.
