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Why would someone need your user name and password to your online banking account to deposit or transfer funds to your acct?
Wiki User
∙ 14y ago
Your name I understand, but your password you should never give out. Once they have that they can do anything with your acct.. They should not need a password to deposit or transfer money, unless they are taking out. If you gave it out, I would recommend changing it right away.
You shouldn't be sharing your password with anyone. Your account number and full name is all that is required to transfer or deposit money into your account. If you shared your user name and password with anyone for deposit of funds, it means you have been cheated and contact the bank ASAP to lock your online banking account to ensure safety of your funds.
Wiki User
∙ 14y ago
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What is meant in by term deposits in banking?
The meaning of a Term Deposit in banking is referring to a savings account or a certificate of deposit. This particular savings account or certificate of deposit pays at a fixed rate of interest until given a maturity date.
Can you get direct deposit in your savings account?
Direct deposit to your savings account must be available from both your banking institution AND your employer. Virtually all banking institutions offer this service but smaller employees may not.
What does dda mean in ATM transfer to dda number?
DDA stands for demand deposit account. It is a bank account in which you can deposit and withdraw money. A form of a demand deposit account is a checking account.
Is Suntrusts online banking safe?
Suntrust's online banking system is password-protected, and covered by a guarantee that if unauthorized access to your deposit account is established through SunTrust Online Banking, you are covered for 100% of the funds removed. Using banking requires a browser that uses Secure Socket Layer (SSL) technology.
What is the opposite of withdrawal in banking terms?
In banking terms, withdrawal means the removal of money from a bank account. So the opposite is deposit, the adding of money to a bank account
What is online banking?
Online banking is essentially managing your account(s) at a bank through use of the Internet. The first step is setting up your online account where you choose a user name and either have a password assigned to you or choose it yourself. You then use your user name and password to log in to your account. You can typically use online banking to do things like pay credit card bills or transfer money between accounts.
What is DDA in reference to banking?
Demand Deposit Account
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.
What is meant in by term deposits in banking?
The meaning of a Term Deposit in banking is referring to a savings account or a certificate of deposit. This particular savings account or certificate of deposit pays at a fixed rate of interest until given a maturity date.
Can you get direct deposit in your savings account?
Direct deposit to your savings account must be available from both your banking institution AND your employer. Virtually all banking institutions offer this service but smaller employees may not.
What does dda mean in ATM transfer to dda number?
DDA stands for demand deposit account. It is a bank account in which you can deposit and withdraw money. A form of a demand deposit account is a checking account.
Is Suntrusts online banking safe?
Suntrust's online banking system is password-protected, and covered by a guarantee that if unauthorized access to your deposit account is established through SunTrust Online Banking, you are covered for 100% of the funds removed. Using banking requires a browser that uses Secure Socket Layer (SSL) technology.
Can you deposit a cheque in your name into someone elses account?
If you endorse it as payable to them it will usually be accepted for deposit into someone else's account.
What is the opposite of withdrawal in banking terms?
In banking terms, withdrawal means the removal of money from a bank account. So the opposite is deposit, the adding of money to a bank account
Money put into an account is called?
Monetary transfer Deposit Credit
What are the different types of banking transactions available?
Each bank will differ in what they have to offer customers but most offer online banking, bill pay, automatic bill pay, account transfers, direct deposit and redirected savings accounts that automatically deposit a percentage of each direct deposit to a savings account.
What does prenote in direct deposit mean?
A Pre-Note is a test deposit to see if the submitted banking information is correct, i.e., routing and account numbers. This is usually done on a new account set up for Direct Deposit.
