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What is it called to take money out of your bank account?

It can be called a withdrawal or a deposit.


What is it called when you put money in your account?

When when you put money in your account it is called "making a deposit."


What is money placed into an account?

money in a bank account, when u put money into an account it is called a deposit.


What is money in a checking account called?

Money in a checking account is called demand deposit.


Money which is kept in an account for later use is called?

it is called a savings account.


What is money paid for the use of money called?

Money that is paid for the use of money is called interest. When you keep your money in a bank savings account, the bank credits your account with interest.


What is the money paid for the use of money called?

Money that is paid for the use of money is called interest. When you keep your money in a bank savings account, the bank credits your account with interest.


What are the amounts of money coming into your account called?

it is called credit(when its coming in your account ) and debit(when its going out of your account ).


How does a bank take money from an account?

A bank can take money from an account through various methods such as fees, charges, withdrawals, or transfers authorized by the account holder.


What is HSBC Direct and where can you learn more about it?

It is a bank account that is direct from the bank called HSBC it can we used to put money in or take money outIt is a bank account that is direct from the bank called HSBC it can we used to put money in or take money outIt is a bank account that is direct from the bank called HSBC it can we used to put money in or take money out


The amount of money in a bank account is called what?

account balance


Can you take money from your spouse's account?

Only if your name is on the account.