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What if you have a negative balance in your bank account for 6 months?
Wiki User
∙ 13y ago
If you have a negative bank balance for six months, the bank is likely to charge you fees and ask you to pay them what you owe. Once the account is back to zero, the bank will likely close that account.
Wiki User
∙ 13y ago
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What is mod balance in a bank account?
what is the mod balance in account what is the definition of mod balance
What is a bank balance?
A bank balance is the amount by which a current account is in credit or deficit.
What happens if the bank closes your acct down can you go to jail for that?
It depends on why the bank closed your account.No If:The bank closed your account because you did not use the account for the past few months orThe bank closed your account because you did not maintain minimum balance requirements orYes If:a. The bank closed your account because the account was involved in suspicious activities like money launderingb. The bank closed your account because links to known terrorists or drug dealers were found from your bank accountc. The bank closed your account because you issued checks to people without maintaining sufficient balance in your bank account
Is that you can maintain zero balance in posb bank?
Usually banks offer zero balance bank accounts to customers who have salary accounts with them. I have a zero balance account with DBS and since DBS and POSB are part of the same group, I guess they too will have a zero account balance bank account. You need to submit this bank account to your employer and if they GIRO your salary to this account automatically every month, it should be fine.
What does Bank balance mean?
It means how much money you have in an account at the bank.
If you have a checking account with a negative balance for over six months what can the bank do?
If you have a checking account with a negative balance for over six months, the bank may charge additional fees, close the account, and report the delinquent account to credit bureaus. The bank may also pursue legal action to recover the funds owed, such as taking you to court or sending the debt to a collection agency. It's important to communicate with the bank to discuss repayment options and try to resolve the negative balance.
How can you use negative numbers to represent real-world problems?
An overdrawn balance on your bank account is a negative number !
What is being in the red?
You spent more money then you have in your bank account i.e. your negative bank balance is printed in red.
Where does overdraft go to balance sheet or profit and loss account?
Bank overdraft is shown in balance sheet either as a negative amount of bank in asset side or at liability side of balance sheet.
Who is responsible for confirmping your bank account balance?
who is responsible for confirming your bank account balance
How do you check balance in account of maharashtra bank?
Yes we can check our balance in account of bank of maharashtra
The amount of money in a bank account is called what?
account balance
Can you check your balance in bank of maharashtra online if you have account in that bank?
I feel,Yes i can check my balance if i have an account.
What is mod balance in a bank account?
what is the mod balance in account what is the definition of mod balance
How do you check online obc bank balance?
I want to check balance. and my account no. is 01862191025786.
Can you check your bank account balance?
I want to check my A/c
Principal accounts on a bank's balance sheet?
Loan account is the most important account in the bank's Balance sheet.
