Commercial Bank and Checking Accounts

What would you use to record your checking account transaction?


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2012-03-14 05:54:18
2012-03-14 05:54:18

A Check stub or check book registry

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In the days before computers we used to use a "bank account book" or a transaction register to keep a log of our savings account. It was much like a checking transaction register. Your bank generally would "stamp" in the deposits and withdrawals.

The transaction would increase an asset account and increase a liability account?

it means the bank you are making a transaction at hasn't approved the transaction yet so you have to wait because they can always decline or reverse it. Reverse means to send the amount of money you wanted to transfer elsewhere back to the checking account and it could be a lot of reasons as to why they would decline or reverse the transaction.

No. If the checking account is in your name then only your signature would suffice. Even in case of joint accounts, if only one of the account holders sign, the bank would treat that as a legitimate transaction and complete it.

Give me an example for what, the transaction would decrease an asset account and decrease the owner's equity account?

On Record you become an owner the moment the buy transaction is made in your name, provided you have enough money in your account when the deduction would happen for the purchase...

if you have a lein on you, can they take your disabilty money out of your checking account

In order to open a business checking account online you first need to decide which bank you would like to have a checking account through. Then you should go to the website and follow the steps listed to open a checking account.

form_title=Set up a Checking Account form_header=Having a checking account will help you keep track of your money. Does your company offer direct deposit?= () Yes () No Would you like a debit card?= () Yes () No What other features would you like with this account?=_

The only tax you would pay on money in a checking account is any interest the money made if it is a interest type of account.

Opening an online checking account is usually very simple, and many banks offer online checking alongside your primary checking account. Your best bet would be to simply call your local bank, and ask them about their online checking program.

can the state of Indiana freeze your checking account without letting you know? who would I contact in the state of Indiana gov.about this?Answercan the state of Indiana freeze your checking account without letting you know? who would I contact in the state of Indiana gov.about this?

"Because the man lost his account information, he was unable to make a bank transaction."

You would access a second chance checking account basically the same way a normal bank account but its not normal most of the money handling for a second chance checking account is done online and people who use second chance checking accounts don't have very great credit

In most check books, there is a page either in the beginning or the end of the check book along with the check leaves in the booklet. That page would have details like date, check number, payee, amount etc. you can record all information about the checks you issue from your checking account in that page for your future reference.

You have to be 18 years old to have a checking account in your own name. If you are under 18, you have to have a parent or guardian name on the account as well. The minimum age to have a checking account is 18. If you are under the age of 18 and would like to open up your own checking account, you will need a co-signature from an adult.

A liability account is money owed by a company. Such as Accounts Payable and Notes Payable.A transaction that would increase a liability account is if you purchased an item on account. This would increase either the Account Payable or Note Payable accounts.A transaction that would decrease these are actual payments you make to the person/company you owe, hence lowering the balance of how much is owed.For example, I purchase a truck costing $15,000, that transaction has increased my liability in notes payable. Once I begin making payments on that truck, each of those payments will decrease the liability.

This is going to depend on which bank your account is with. For example, if you have a checking account with chase, you would go to the chase website login. Once logged in you have full access to online checking.

Why would you think this would work? This is fraud.

That is close to being correct, but not quite. A better phrasing would be, do not leave a large balance in your checking account.

A good online banking website to create an online checking account would be, or These sites are fully functional on-line, and you can set up a new checking account in a matter of minutes.

I would recommend not getting a checking account for your child until they are older. A good age to think about this would be around 16 or 17 years of age.

The best place to start the search for free checking account offers would be the local bank. Local banks typically compete with each other and offer incentives to open up a checking account with them. One of the potential incentives are free checking.

They will research it, and if the deposit was put into the wrong account they will debit the account it was put into and credit the account it was supposed to go into. It is important you fill out your deposit slip accurately because that is the record of where it should have gone. If that happens, all parties involved will be notified by the bank. The bank will revert the transaction if the mistake was on their part. If the incorrect transfer happened because of the customers mistake in providing accurate account numbers, the bank would not revert the transaction.

Just visit any bank that you would like to open a checking account in and sit at the new account desk. The person sitting at the new account desk would show you a brochure of all sorts of checking accounts and their fees. Some doesn't have fees if the place you work at offers direct deposit.

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