When you borrow money from a bank they pull cash from the bank's reserves. This collection of cash is the net cash reserves within the bank or its network from depositors in the system.
He may not...
The Bank of England in London and the Royal Mint in Cardiff.
No they have to have a linked funding source for the money to come from
When you come to end of something and begin to devise a summary.Here is an example: "John stole money from the bank and demanded it to be put into his bank account." - From this the police and the bank can come to a conclusion that John stole this if the money transfer was recorded and funds present is in his account.
Yes, but not necessarily right away.
Yes. If, the amount they auction the property for is less than what you owe they will come after you for the difference.
To Whom This May Come was created in 1888.
To Whom This May Come has 14 pages.
DO NOT give money to the LL befiore you speak to the bank. You may have to make payments directly to the bank. If that is your obligation, and, if you mistakenly give the money to the LL instead then you may end up owingthe money to the bank who won't bother chasing after the LL for you. It will be your problem to come up with the money.
It Depends. a. If the person to whom you gave the check puts it into his account the same day, it will come to your bank account for payment the next day or worst case the day after that. So you will have at max 2 days b. If the person puts it into his account the next day or the day after that day it will come for payment to your bank after 2 days. So you will have 2 or max 3 days to get money into your account.