0
An Active bank account is one that is being used actively or regularly by the account holder (Customer). Any account that has transactions (Credit or Debit) atleast once every 90 days can be considered an active account. After 90 days of inactivity accounts are usually made inactive.
Wiki User
∙ 13y ago
Add your answer:
Earn +20 pts
Definition of checking account?
an account at a bank against which checks can be drawn by the account depositor.
You already have an account with us bank even though you are in chexsystems you want to use a new bank none will take you Does'nt your active account prove anything?
NO, IF A BANK USES CHEXSYSTEMS THEY WILL NOT CONSIDER THAT YOU HAVE AN ACCOUNT AT A BANK ALREADY AS A WAY TO DETERMINE IF THEY WILL OPEN AN ACCOUNT FOR YOU.
What is the definition of current account?
A bank account that you use for daily purchases and other similar transactions. Not an account to use for saving.
What is the definition of bank reconciliation?
A bank reconciliation is a routine / process / method, etc, by which you reconcile the bank's balance of your account to your balance of your account as of a specific date. (Helps you make sure what think you have, is what the bank thinks you have.)
What is the definition of last active date in credit reports?
Last active date is referring to the last time that a transaction was processed on your credit account.
Definition of checking account?
an account at a bank against which checks can be drawn by the account depositor.
What is mod balance in a bank account?
what is the mod balance in account what is the definition of mod balance
You already have an account with us bank even though you are in chexsystems you want to use a new bank none will take you Does'nt your active account prove anything?
NO, IF A BANK USES CHEXSYSTEMS THEY WILL NOT CONSIDER THAT YOU HAVE AN ACCOUNT AT A BANK ALREADY AS A WAY TO DETERMINE IF THEY WILL OPEN AN ACCOUNT FOR YOU.
What is the definition of current account?
A bank account that you use for daily purchases and other similar transactions. Not an account to use for saving.
What is the definition of bank reconciliation?
A bank reconciliation is a routine / process / method, etc, by which you reconcile the bank's balance of your account to your balance of your account as of a specific date. (Helps you make sure what think you have, is what the bank thinks you have.)
Why are bank overdrafts flexible?
Bank overdrafts are flexible for different clients depending on account activities. Active accounts will tend to attract higher bank overdrafts as compared to dormant or less-active ones.
What is Bank of America phone number in Boston?
I want to know that if an account number is active or not ?
Will your bank account be closed if there is no money in it?
If you keep no money in your account for a prolonged duration of time or if you dont use your bank account for a very long time, then the bank has the right to either make your account dormant or even close it. Only an active account that has a minimum balance in it is eligible to be open and in service.
By definition a bank that pays simple interest on a savings account will pay interest?
s
What is the definition of last active date in credit reports?
Last active date is referring to the last time that a transaction was processed on your credit account.
What is the definition of saving bank?
A savings bank is a bank that is dedicated to savings accounts. They don't have all the freedoms of a checking account, but pay higher interest rates.
What is the meaning of banking and non banking?
Banking = holds an active account at a bank. Normally used in relation to depositing or cashing payroll checksNon-Banking = Does not hold an active or open account at a bank. Normally referred to when one is cashing payroll checks at a check cashing location.
