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A financial institution that provides services on behalf of another, equal or unequal, financial institution. A correspondent bank can conduct business transactions, accept deposits and gather documents on behalf of the other financial institution. Correspondent banks are more likely to be used to conduct business in foreign countries, and act as a domestic bank's agent abroad.

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What do you mean by bank correspondence?

This refers to any form of communication received from the bank. For ex: A letter intimating change in minimum balance to be maintained can be considered a bank correspondence.


Can someone get in trouble for making a duplicate of your debit card and using it?

Yes. That person has committed a crime. You should file a police report immediately and bring copies of any correspondence from the bank with you to file with the report. It does seem strange that the bank isn't pressing any charges but it is not clear that it knows the identity of the thief. There may be more details you haven't included.


What is the Billing address for GE Money Bank or GEMB?

The billing address for GE Money Bank (GEMB) is typically not publicly listed due to privacy and security reasons. However, customers can usually find the correct billing address on their account statements or by logging into their online account. Alternatively, contacting customer service directly can provide the most accurate information. Always ensure to verify the address before sending any correspondence.


Explain the importance and objecties of management audit?

I AM REKHA STUDING MBA CORRESPONDENCE


Should correspondence or phone calls be used trying to work with a card company who has charged off your account to ask them to accept payments on the charged off account?

The usual procedure is to contact the creditor by phone, and follow up the phone contact with written correspondence outlining the terms that were agreed upon. You can find a sample letter of that type of creditor/debtor correspondence at http://www.fair-debt-collection-com

Related Questions

What do you mean by bank correspondence?

This refers to any form of communication received from the bank. For ex: A letter intimating change in minimum balance to be maintained can be considered a bank correspondence.


What is the correspondence address for the Middleburg Bank?

The correspondence address of the Middleburg Bank is 315 Libbie Avenue in Richmond. There is another address for Middleburg Bank in Richmond, Northern Virginia. It is 821 East Man Street in Richmond


What is bank paper?

Bank paper is a variety of writing paper commonly used for typewriting and correspondence.


You want last five years MBA correspondence of madras university question bank?

yes


What is the swift code for exim bank arusha Tanzania?

NAME OF BANK: EXIM BANK (T) LIMITED SWIFT CODE: EXTNTZTZ Iban number: DE94500700100957576500 Correspondence bank: Citibank n.y SWIFT CODE: Citius33


What address is bank sort code 12-24-81?

Bank of Scotland, Business Banking. Contact 0845 300 0268 for current correspondence address.


Is it in correspondence of or in correspondence to?

in correspondence to or of


What is mailing address of pnc bank bank by mail?

The mailing address for PNC Bank, for general correspondence, is typically: PNC Bank P.O. Box 3429 Pittsburgh, PA 15230 For specific inquiries or services, it's best to check PNC Bank’s official website or contact customer service for the most accurate address.


What are the differences between the business correspondence and the personal correspondence?

The differences in personal correspondence and business correspondence are tone and form. The form and tone of business correspondence is more professional.


What is the initial correspondence?

what is initial correspondence


What is oral correspondence?

verbal correspondence


Example letter of bank to bank transaction?

We request you to inform you that kindly send any one of the transactions above Rs. 5000/- (Debit or Credit ) please intimate through message in the correspondence number: 98422 82705.