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What is a savings or deposit account?
It is a bank account where a person will make regular, monthly savings to build up capital. The savings or deposit account will not normally come with a card or cheque book and the savings in it will attract a higher rate of interest than a normal bank account. However you lose this high rate of interest if you withdraw your money suddenly or before a certain period,
What is the minimum balance in sbh account?
Its Rs 1000/- for a savings account with cheque book....Rs 500/- for savings account without a cheque book !
In accounting what is balancing the accounts?
Its Rs 1000/- for a savings account with cheque book....Rs 500/- for savings account without a cheque book !
Can partner deposit personal cheque in firms account?
no
Can you deposit INRI Cheque on account of UK in Mumbai?
no
What is an entry for bounced cheque?
Bounced cheque entry is the reversal of original entry of cheque deposit as follows: [Debit] Cash account [Credit] Bank account
How do you encash crossed cheque?
Deposit it into your bank account A crossed cheque cannot be cashed directly. It can only be deposited into a bank account.
How do you open a bank account to deposit a account payee cheque?
by opening a/c only can deposit n withdraw money
What is the meaning of cash and check deposit?
Cash Deposits means when the money deposit to your Account(yourself/others)same time your account will be shows the credit, but in case fo cheque deposit bankers send to the cheque for clearence when its cleare then only your account will be shos credit.
How do you cash a crossed cheque with no account?
You cannot. A Crossed Cheque is also called an Account Payee Only Cheque which means that, this cheque cannot be cashed directly. It can only be deposited into the bank account of the person to whom this cheque is issued. So, the only way you can cash the cheque is by opening a bank account (or using your existing bank account) and deposit this cheque.
Can you deposit a cheque in your name into someone elses account?
If you endorse it as payable to them it will usually be accepted for deposit into someone else's account.
What is account payee check?
A Crossed Cheque is also called an Account Payee Only Cheque which means that, this cheque cannot be cashed directly. It can only be deposited into the bank account of the person to whom this cheque is issued. So, the only way you can cash the cheque is by opening a bank account (or using your existing bank account) and deposit this cheque.
