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What are banking transactions?
Lodging money into a bank account is a transaction, as is withdrawing money. Adding interest to an account is a transaction. Direct debits are transactions. Deducting bank charges is a transaction. Basically any sort of activity involving a change of money in an account is a transaction. You will get a list of them on a bank account statement.
How much money does a stock brocker makes?
Usually it is 0.25% or brokerage per transaction + service charges + annual fees
Do banks take money out of your account to cover bank fees?
Yes. The bank has the rights to deduct any fees or transaction charges from the cash balance you have in your account in return for the services availed by you. For Ex: If I do a NEFT funds transfer from my HDFC account to my ICICI Account, HDFC charges me Rs. 5/- as fee for that and deducts it from my account a day or two after I do the NEFT transaction.
What is the difference between a cash transaction and a credit transaction?
A cash transaction uses currency (dollars and cents) to pay for products or services. A credit transaction means that you are posting the transaction to a credit card or loan. In this case, the merchant gets paid (often the next day) for products or services rendered, and you pay the loan issuer or credit card company back. Sometimes, there are fees involved (a percentage of the transaction amount) to use a credit card - especially if you don't pay the issuer back within the established terms, which is called interest and finance charges. Happy spending!!
What are transaction cost and why are they important?
This is usually the cost of what some call overhead or the cost to process the transaction, like the time it took the employee to check the order send it to the warehouse get shipping costs calculate taxes process paper work, these are example of transaction costs. Be aware that some places may use "Transaction costs" to tack on extra money charges just to get more for the products so they may call it a "Lower price" then add the charge to make up for it, not all but some do some that are fully computer automated do this and charge outlandish fees and should not. If it's outrageous it may be, if it's reasonable it may just be power consumption charges for the computer.
The city charges a homeowner a fee to pick up the garbage each week Which of these was provided by this transaction?
A service is provided by the transaction.
What is the journal entry for this transaction Added 460 to mendosa customer balance for finance charges on unpaid balances?
debit finance charges 460credit balance payable 460
What are banking transactions?
Lodging money into a bank account is a transaction, as is withdrawing money. Adding interest to an account is a transaction. Direct debits are transactions. Deducting bank charges is a transaction. Basically any sort of activity involving a change of money in an account is a transaction. You will get a list of them on a bank account statement.
What credit card should I use for travel to Europe?
My understanding is that Capital One charges no currency transaction fees.
How much money does a stock brocker makes?
Usually it is 0.25% or brokerage per transaction + service charges + annual fees
What is apmcservchar?
It's the service charge that the bank charges you when you do a transaction outside their bank. Like when you withdraw cash abroad, etc...
How do you write the transaction if director lend money to company to open bank account?
bank charges,indirect expenses in payment voucher
What are the punishments for an Unlawful transaction with minor second degree?
I have the same charges... I got for sentencing soon and have to serve 180 days plus 5 years probation.. unlawful transaction with a minor 2nd degree 1st offence.
How much does it cost to receive money through PayPal?
Paypal charges a fixed amount per transaction. They charge a .30 charge per transaction, and then 2.9% of the cost of the transaction. The nice thing is there is no set up fee, and if you did want to use them, there is no cancellation fee, so nothing to worry about!
Do banks take money out of your account to cover bank fees?
Yes. The bank has the rights to deduct any fees or transaction charges from the cash balance you have in your account in return for the services availed by you. For Ex: If I do a NEFT funds transfer from my HDFC account to my ICICI Account, HDFC charges me Rs. 5/- as fee for that and deducts it from my account a day or two after I do the NEFT transaction.
While selling or buying shares in India at what rate brokerage Service Transaction Tax Service Tax Transaction charges are charged and on what?
The Total brokerage on the share transaction in BSE is 0.55%which is inclusive of all the taxes, namelySTT (Securities transaction tax) is 0.125% [0.025% if Intraday transaction] ,when you Buy or Sell a shareService tax - 0.055%Education cess - 3% of Service taxstamp duty - 0.01%there will also be turnover tax which is very marginal.And the remaining % is the brokerage which comes to 0.35% and total taxes 0.20%.: TOTAL Transaction charge = 0.55%
What is the difference between a cash transaction and a credit transaction?
A cash transaction uses currency (dollars and cents) to pay for products or services. A credit transaction means that you are posting the transaction to a credit card or loan. In this case, the merchant gets paid (often the next day) for products or services rendered, and you pay the loan issuer or credit card company back. Sometimes, there are fees involved (a percentage of the transaction amount) to use a credit card - especially if you don't pay the issuer back within the established terms, which is called interest and finance charges. Happy spending!!
