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What is working capital in a Bank?
Total of Share capital, reserves and other funds and deposits is working capital of the bank but less revaluation reserve.
How do you get money from your bank account in cash?
For amounts less than ten grand (varies by bank), make a check out to "cash", sign it, and take it to your local bank. As long as your account contains the necessary funds, they will hand you the cash.
What is the purpose of bank overdraft?
Overdraft protection is an arrangement that allows the bank to honor a check for which the accountholder does not have enough funds. Bouncing the check costs both the bank and the accountholder time and money, and using an automatic line of credit is a less expensive and more convenient alternative.
Why reverse repo rate of RBI always less than repo rate?
Because a central bank is more secured place to lend money than any bank... Therefore when RBI lends money to banks i.e Repo is less secured than Any bank parking its funds with RBI.. i.e is Reverse Repo.
Is Accounts Receivable Financing A Bank Loan?
No. Accounts receivable financing is not a bank loan and also you aren't assuming any debt. The emphasis is on your customers’ invoices, not on your balance sheet. Usually, funds are quickly available as compared to bank loans, generally within 24 hours or less.
When will a bank report a cash deposit?
A Bank will report a cash deposit under the following circumstances: a. If the amount deposited is huge (Usually over $5000 or more) b. If the funds are deposited from an overseas bank account c. Numerous deposits of small value (less than $5000) are happening frequently
What is a bank certificates of deposit called a time deposit?
time deposit means payable at specified time same is the case with bank deposit ie. fixed deposit that is payable after certain period means not less than 7 days to earn interest so fds are called as time deposit
PayPal transfered my funds from my pp account into my bank account asked me to verify that PayPal made two small deposits into my bank and i cannot remember what i had in my account before?
If you have online banking, sign in to your bank account and look at recent transactions. It will show "paypal deposit" and it is usually less than $0.25 for each amount. Once you find those, go back to paypal and verify the account by confirming the amount of each deposit.
How do you describe a time deposit?
A time deposit has to be left in the bank for a certain period of time. If it stays for the entire time in the bank, the depositor will receive a little more when the time deposit is withdrawn. A time deposit taken out before the date of maturity will be subject to penalties and the total amount might be less than the original deposit.
What is an ATM deposit hold?
An ATM deposit hold applies to checks that are deposited at the bank's ATM's machine. Given, checks take a few days to clear. If you were to deposit the check in person, the funds would not be available instantly, same exists with ATM deposits. Since the funds do, however, show up as pending transactions, the ATM deposit hold offsets the deposited check which has yet to clear. Most banks don't hold the full balance of the check. They typically hold the amount of the check less $100. Meaning, upon deposit, you have access to $100 and the rest when the check clears, 3 days later. The $100 is given by the bank in good faith, assuming the check will clear.
What is working capital in a Bank?
Total of Share capital, reserves and other funds and deposits is working capital of the bank but less revaluation reserve.
Do consumers deposit more or less money in the banks during Christmas time?
Usually during Christmas time, customers deposit less money into bank accounts. Because, majority of them are shopping for gifts and treats for their kids and family members which means they will be taking money out of their bank accounts and not putting them into it.
Where is there an online gambling website where you can deposit 5.00?
You will find that the minimum required deposit for online casinos will be at least $20 - $25 This is due to the cost of processing the deposit, accepting deposits lower then this would not be cost effective. The amount of minimum deposit will also depend on the deposit method used, an eWallet may be more or less then a ACH or Bank Wire, and that may be more of less then a deposit using Visa or Mastercard.
What is the difference between commercial paper and certificate of deposit?
Commercial paper is a short-term debt instrument issued by corporations to raise funds for operational needs, typically less than 270 days. Certificate of deposit (CD) is a deposit product offered by banks where customers lock in funds for a specific term and in return receive a fixed interest rate higher than regular savings accounts. Commercial paper is a form of borrowing for corporations, while CD is a form of investment for individuals.
What is the security deposit for when renting an apartment?
A security deposit is a payment required by a landlord from a tenant to cover the expenses of any repairs of damages to the premises greater than normal "wear and tear." The security deposit must be returned within a short time (varying by states) after the tenant vacates, less the cost of repairing any unusual damage. In a few states the security deposit must be kept in a separate bank account, and some states require payment of interest on the amount held as a deposit.The landlord must place the funds in an escrow account and give the tenant any interest generated by such funds. Upon the termination of the lease, the landlord must return the security deposit to the tenant if no damage or violations of the lease occurred.
How do you get money from your bank account in cash?
For amounts less than ten grand (varies by bank), make a check out to "cash", sign it, and take it to your local bank. As long as your account contains the necessary funds, they will hand you the cash.
Where would I post a security deposit in bookkeeping?
If you are the party making the deposit to a landlord on a short-term lease (short term leases are month-to-month and those less than 6 months in term): Debit: Current Assets:Security Deposit (Maturity Date) Credit: Bank Same as above except it is a long-term lease: Debit: Other Assets:Secutity Deposit (Maturity Date) Credit: Bank If you are the landlord receiving the deposit from a party on a short-term lease: Credit: Current Liabilities:Security Deposit (lessee name, Maturity Date) Debit: Non-operating bank account Same as above on a long-term lease Credit: Long Term Liabilities:Security Deposit (lessee name, Maturity Date) Debit: Non-operating bank account
