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Which type of account allows you to deposit money and write checks?
Wiki User
∙ 8y ago
credit acount
Wiki User
∙ 8y ago
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How is checking account credit defined?
Its a transaction deposit account where you can deposit or withdraw money from using checks or automated cash machines. It allows more than one withdrawal and that's what makes it different from other accounts.
What is a saving deposit slip?
A deposit slip issued by your bank for depositing money or checks into your savings account.
What type of bank account that allows you to make deposits write checks and withdraw money is?
A checking account.
What are the advantages of a current bank account?
A current account allows you to deposit money at one bank and then withdraw it at any other bank in the region. This makes it easier to access your cash, and allows you to pay with checks, deposit cash, and otherwise deal with your account at any bank. Some banks offer interest on current accounts, while others do not. Finally, of course, like any other bank account, it keeps your money safe until you need it.
Can you put money order in your checking banking account?
Yes, you can deposit a money order into your checking account, just as if it were a check or cash. List the money order in the "checks" section of the deposit slip and endorse it on the back in the appropriate place (which is generally indicated on most money orders).
Difference between current account and call deposit account?
A call deposit account is a hybrid form of Current account and general saving account which allows us to withdraw money at any time as in current account and provides us interest on the deposit amount as in other saving account.
Why initial deposit is required for opening an Account?
To reduce fraud. Bank accounts are for holding money. If you don't have any money why would you open a bank account and get a big fresh stack of checks?
A demand deposit is an account in a commercial bank on which checks can be written and from which money can be withdrawn without any advance notice?
monetary policy
A demand deposit is an account in a commercial bank on which checks can be written and from which money can be withdrawn without any advance notice.?
monetary policy
How do you deposit money in an account?
you can deposit at the bank
What do the people do to deposit their saving in a bank?
To deposit their savings in a bank, people typically visit the nearest bank branch or use online banking services to transfer funds from their personal account to their savings account. They can also deposit cash or checks into their savings account through an ATM or mobile deposit.
Can a bank deposit a check with no id?
Most banks will let anyone deposit a check, even without ID. They do not cash checks or allow money to be taken out of the account without ID.
