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When does a checking account become dormant in the state of Illinois?
After 9 and a half months of 0 withdrawls and 0 deposits
What does using your checking register let you do?
Using your check register allows you to keep track of all incoming deposits and outgoing expenses for your checking account. This method is the best way to ensure your checking account is balanced and that you don't overdraw your account.
What is a Bank account book?
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.
What are the various types of bank accounts?
* Savings Account/Checking Account * Current Account * Fixed/Time Deposits * Recurring Deposits
What will allow you funds from your checking account?
Deposits that you put in the account.
What are the various types of deposits in a private and nationalized bank?
* Savings Account/Checking Account * Current Account * Fixed/Time Deposits * Recurring Deposits
What does it mean to reconcile a bank account?
A savings and especially a checking bank account have constant deposits and withdrawals, including debits and checks against the account. To reconcile an account is to start from the last monthly balance, add in all deposits, subtract the debits, checks, and withdrawls. Further, it usually means doing each one by one, to arrive at the correct current balance which should match the bank's stated balance.
What are sundry deposits?
Sundry deposits are assorted deposits that you may have. They may include having a checking and a savings account.
What is a checkbook register?
It is a booklet used to record checking account transactions. To keep track of the amount of money in your checking account
What is used to record a checking account transaction?
Check register
How soon are deposits made at an ATM credited to your personal checking account?
Cash deposits are available right away.
What is the purpose of a bank statement?
to show you any events that happened with your money (deposits, withdrawls, fees, interest earned) and to show you how much money you have in your bank account
