0
What else can I help you with?
Why is the balance as per bank statement on the bank reconciliation statement a credit if its a favorable balance but in the bank account the credit means you owe the bank money?
The Debit and Credit on a bank statement reflect the Bank's accounting records, not yours. So when you deposit money into your account, the bank owes you that money to you - it is a liability for them, therefore a credit entry. Similarly, if they charge you a bank fee, it reduces their liability to you, so they would Debit your account (on their books) and Credit an Income account.
What does back item credit mean on your bank statement?
Back item credit on your bank statement typically refers to a transaction that has been reversed or credited back to your account, often due to an error or a refund. This can occur when a previously charged amount is canceled, or a merchant processes a refund for a returned purchase. It's essential to review the details of the transaction to understand the reason for the credit. If there are any discrepancies, it's advisable to contact your bank for clarification.
Is the secondary account holder liable for the primary if they are overdrawn?
Yes. Bank is liable to pay the joint account holders jointly without any distinction ( subject to the operation instruction). Thus the liability to the bank also is joint.
How do you activate a credit caed?
The bank you are with should do it for you, contact your bank.
Do you have to have a bank account with the bank that issues the credit card?
No - in most cases. As long as the credit card issuer can determine your credit worthiness, it doesn't matter where your bank account is. There is one exception. If you apply for a secured credit card, you must keep a 'security deposit' of a certain amount in the institution chosen by the credit card issuer (usually their own bank).
What is the correct wording on a bank statement when the bank gives you a credit for an error they made?
There is no correct or specific wording. Normally, the word credit or credit for bank error will appear on your statement.
What happens when a small s corporation business can't pay off credit crds?
they liable for the lose to the bank and bank can take legal action on them.
Are you liable for the bill when someone has used your credit card?
If you knew they were using it yes. You are also in breach of your credit card agreement and may also be party to a criminal fraud. If you did not know they were using it, then if you can convince the Bank of this you are not liable; you are a victim of a crime.
Can a business offer credit cards without being a bank, credit union or a financial institution?
You could open a credit card business but you would still need to use a bank. It would be just like having multiple credit cards. You manage all the accounts but you still need the bank to do so.
If you left London with 100 pounds owing on your bank card can you now come back to London three years later?
Yes, but you would still be liable for the debt and as a delinquent defaulter, you may find it impossible to get any form of credit.
What happens when you have your mobile home repossed an you still owe money?
do you owe money for a mortgage with a bank. if so then that is why the bank repossed your property in the first place, and the sale at auction will be at a price where the bank sells your house for the amount of the note you have with them. if you owe money to credit cards you are still liable to pay . any other bills you have no matter for whatreason you owe them, the only out you have is to declare bankrupcy and all your bills will disappear, if you want you can reapply for credit cards after 2 years and start all over again.
If the bank did not auction your repossessed vehicle after 90 business days are you still liable and how do you get it off your credit?
You are still liable. As soon as the bank either auctions or sells the car, you will be responsible for the deficit (remaining) balance. Most times, the auto is not sold for the amount due on the loan plus repossessionfees, storage fees and transfer of title fees etc. The faster you take care of the balance, the faster it will show up on your credit as paid. If you don't do anything, anc neither does the bank--it will remain on your credit for as long as the statute of limitationsin your state. Check this link for your state: http://www.creditinfocenter.com/rebuild/statuteLimitations.shtml#2 Take note!!!, the bank can get a judgment if they haven't already--they can garnishee your wages and/or yourtax returns to get their money back. It would be best if you call and make some kind of arragements now.
What is the process of disputing a credit error?
Well the main thing is to contact your bank. None of the steps will be on the computer unless your bank says so. My suggestion is to call the bank ASAP and talk to them about it.
Are you allowed to keep money which your bank has put into your account accidentally?
No. Clerical errors are still errors. To attempt to keep the funds could make you criminally liable. Certainly it will make you civily liable.
Where can one apply for a Juniper Bank credit card?
Juniper Bank is now known as Barclay's Bank. However, you can still apply for a Juniper credit card. You can apply for it online at their website or in person at a branch.
What happens to credit card debt if a bank fails?
If a bank fails, credit card debt is typically still owed by the cardholder to the bank or to a new entity that acquires the debt. The debt does not disappear just because the bank fails.
Is bank liable for a client who is going to deposit cash at bank and he is robbed and injured at the bank's parking?
the bank is not liable for a client who is robbed of money outside the bank's banking hall .The bank is only responsible for the security of its customer's and/or their valuable while inside the bank.
