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What is it called when you move money from 1 bank account to another and another?
Wiki User
∙ 16y ago
Transfer funds
Wiki User
∙ 16y ago
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What is the money paid for the use of money called?
Money that is paid for the use of money is called interest. When you keep your money in a bank savings account, the bank credits your account with interest.
What is money paid for the use of money called?
Money that is paid for the use of money is called interest. When you keep your money in a bank savings account, the bank credits your account with interest.
What is money placed into an account?
money in a bank account, when u put money into an account it is called a deposit.
How do you write a letter to bank manager for transfer one person account money to another person's account?
how do send a mail to bank while transfer money from account to another
Can a bank transfer money from one account to another without permission?
No. A bank cannot do that. A bank cannot transfer money from one account to another without prior approval or permission from the account holder from whose account money is going to be taken. If such a thing happens, the affected customer can sue the bank.
The amount of money in a bank account is called what?
account balance
What is the amount of money in a bank called?
account balance
What is the amount of money in an account called?
It is called a bank accounts balance
What is Money put into an bank account called?
to deposit moneyA Deposit is the act of putting money into an account.
Can bank take money from one account to pay into another?
If I'm a signer on my mom's bank account can a bank take her money to pay my past due credit card balance?
What is called the amount of money that you have in your bank account an any point in time?
Bank Balance.
How do you transfer money from one bank account to another persons bank account?
If you want to do this online, in the UK you need their bank sort code and account number. Your bank account will then have a facility for transferring funds to that account. It may be the same elsewhere.
