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A salary bank account or a salary account as it is more commonly called, is nothing but a regular bank account but one in which your employer will credit your monthly salary/paycheck every month. If you have a salary account with a bank, banks usually provide you with additional facilities like 0 balance account, credit cards, overdraft facilities etc.
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What is the difference between saving account and salary account in bank?
In Salary Account 0 balance is allowed and in saving account minimum balance required
How do you write a letter to bank for change my salary account to no frill account?
To write a letter to the bank for change to my salary account to a no frill account state what you would like done and why you would like it done to customer service.
What is direct deposit?
Direct Deposit is a facility using which companies can credit the monthly paycheck or salary for their employees into their respective bank accounts. For example, my employer credits my salary on the 1st of every month into my bank account. All I have to do is submit a written request to my employer with the details of the bank account into which I want him to credit my monthly salary.
How do you write letter to employer about change of bank account and deposit salary?
letter advising employees of company bank change
What is the Method of payment that your salary goes from employer to your bank account and you never see your money?
It's called direct deposit.
Can your salary be paid into a bank account in a different name?
No. A person's salary can be paid only into a bank account that is held by the person to whom the salary is paid. For ex: if I work ABC company and get a monthly salary of USD $3000, the money can be credited only into a bank account that has my name as the account holder. It cannot be paid into your bank account.
What is journal entry for salary account?
Debit salary accountCredit cash / bank
What is the salary limit for opening current account in Dubai Islamic bank?
I am getting salary of aed 2750 per month. i want to know if i can open a salary account in dubai islamic bank
What is the difference between saving account and salary account in bank?
In Salary Account 0 balance is allowed and in saving account minimum balance required
How do you write a letter to bank for change my salary account to no frill account?
To write a letter to the bank for change to my salary account to a no frill account state what you would like done and why you would like it done to customer service.
HOW CAN I OPEN A BANK ACCOUNT IN DOHAs?
Resident in Qatar or new to Qatar customers can open a Current Account by transferring the salary to Bank.
Letter format to the bank manager asking him to convert your salary account into savings account?
The letter format to a bank manager asking them to convert a salary account into a savings account should be formal. Address the bank manager formally and then explain in detail the reason for the request. Include information about the account and when the changes need to be made.
Can your bank account for salary be garnished for hospital bills?
If they get a judgement, yes
How do you get overdraft in bank?
You can go to any bank that you have a bank account with and ask for an overdraft account. Whether or not they give you an OD facility depends on the following factors: a. The type of bank account you have b. Your history with the bank c. Your monthly salary d. Whether your salary gets credited to this account e. Can you provide collateral like Fixed Deposit or Gold etc. The chances of getting an overdraft are significantly higher for people having a salary account and even higher for people who can provide collateral.
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 is direct deposit?
Direct Deposit is a facility using which companies can credit the monthly paycheck or salary for their employees into their respective bank accounts. For example, my employer credits my salary on the 1st of every month into my bank account. All I have to do is submit a written request to my employer with the details of the bank account into which I want him to credit my monthly salary.
How do you write letter to employer about change of bank account and deposit salary?
letter advising employees of company bank change
