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Because:
a. You get an easier way to save money
b. You get a Debit card that you can use for shopping instead of having to carry cash in your purse
c. You earn an interest on the money you keep in your account
d. You get a check book that you can use for paying for services like telephone bill, grocery bills etc.
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∙ 13y ago
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What are thebasic requirements for a fixed deposit account?
The basic requirements for opening a fixed deposit account are: a. Amount to deposit b. Existing relation with bank (You need to hold some sort of account with the bank. Else, you will be asked to open one) c. Source/Proof of legal income If you have these, any bank will be willing to open an fixed deposit account for you.
What is the minimum deposit to open a savings account with SunTrust?
The minimum deposit required in order to open a savings account with Sun Trust in one hundred dollars and with this you can start your own savings account with Sun Trust.
Where can one find a cheap deposit account?
Someone can find a cheap deposit account at a local bank that does not charge you very much to open a deposit account with them, or just spending no money and keeping your money yourself.
What do I need to open an account online?
To open an account online, you first have find a bank or service like paypal that can hold your money. You will need to register with valid information and possibly verify through email. Then you will have to deposit into the account so it remains open, since some accounts charge fees if you do not have enough fund in there.
What is the procedure to open a recurring deposit account?
Every financial institution has different policies for their accounts. Most often to open up a reoccurring deposit account, you would open a regular savings or checking and fill out a reoccurring transfer or direct deposit form to start the deposits.
How do you open a checking account?
You go to your bank of choice and tell them that you want to open a checking account. You'll need a deposit. Banks vary on the amount of a deposit needed to open an account. Banks offer different kinds of checking accounts too.
What are thebasic requirements for a fixed deposit account?
The basic requirements for opening a fixed deposit account are: a. Amount to deposit b. Existing relation with bank (You need to hold some sort of account with the bank. Else, you will be asked to open one) c. Source/Proof of legal income If you have these, any bank will be willing to open an fixed deposit account for you.
Do I need a certificate of deposit to deposit money into my account?
You do not need a certificate of deposit (also known as a CD) to deposit money into an account - unless you are attempting to deposit money into a CD account. Most banks only require you to have a regular savings account opened to be able to deposit money into a checking account for free. However, these terms vary by bank depending on which one you are using. Generally speaking, however, you should not have to open a CD to deposit funds into a regular checking account.
What will be the initial deposit to open a Bank of America account?
I think it is US $ 500 for a simple checking account. The bank would give you an ATM card and a check book for this account. However if you arrange to have a Direct Deposit (Your Monthly Salary/paycheck) into this account Bank of America waives this minimum balance requirement and you can have it as a Zero-Balance checking account.
Can I get a direct deposit even if my account got closed?
no you have to have an open account
How do you open a bank account to deposit a account payee cheque?
by opening a/c only can deposit n withdraw money
Can a company open a recurring deposit account?
yes
What is the minimum deposit to open a savings account with SunTrust?
The minimum deposit required in order to open a savings account with Sun Trust in one hundred dollars and with this you can start your own savings account with Sun Trust.
How can you qualify for community savings?
It really depends on what type of account you wish to open at community savings bank. If you simply want to open a savings account, then you only need the minimum deposit of 10.00 to open it! If, however, you wanted to qualify for a checking account, you would need the $400.00 minimum balance required.
Where can one find a cheap deposit account?
Someone can find a cheap deposit account at a local bank that does not charge you very much to open a deposit account with them, or just spending no money and keeping your money yourself.
Can you open an account in US and have a person from UK deposit money in that account?
Yes. There are no restrictions as to who can deposit cash into an account. Anyone can deposit cash into anyone else's account as long as they know the account number of the account into which they want to deposit cash. For ex: I can walk into the bank branch where you hold a checking account and deposit $500 into it if I know the account number. Nobody will ask or question me as to why I am doing so…
What do I need to open an account online?
To open an account online, you first have find a bank or service like paypal that can hold your money. You will need to register with valid information and possibly verify through email. Then you will have to deposit into the account so it remains open, since some accounts charge fees if you do not have enough fund in there.
