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Deposit is teller friendly, efficient and accurate Counter credit is more work for teller, mistake possible

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17y ago

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Related Questions

How does counter credit differ from a deposit?

A counter credit is a general term for an addition to your account. For example if you had a problem with a fee and visited your bank branch they may issue a counter credit to refund the fee into your account. A deposit could also be handled as a counter credit depending on the bank and if you are splitting the deposit between multiple accounts.


What does counter credit mean?

Counter credit means a person went into a bank and made a deposit with the teller. Sometimes this term will show up on your bank statement.


What is difference between rural credit and micro credit?

What is the difference between micro credt and rural credit?


What is the difference between installment credit and open ended credit?

the difference between installment credit and open ended credit is they are the same..


What is the difference between a bank loan and a bank credit?

What is the difference between bank loan and bank credit?


What is the difference between finance companies and deposit-taking finance institutions?

Finance (credit) companies are different from deposit-taking banking institutions in that their sources of funds are not deposits. They acquire funds in the market by issuing their own obligations, such as notes and bonds.


Explain the difference between a cash and credit transaction for purchass and sales?

explain the difference between cash and credit transaction


What is the difference between credit shelter trust and irrevocable trust?

What is the difference between credit shelter trust and irrevocable trust?


What is the difference between a bond and a security?

A bond in this context is issued by a surety company and is a form of guarantee. Security can take the form of a cash deposit, an Irrevocable Letter of Credit or a surety bond.


Is a deposit a credit or debt?

Credit :)


Can you explain the differences between a secured credit card and an unsecured credit card?

A secured credit card requires a security deposit as collateral, while an unsecured credit card does not. The security deposit on a secured card acts as a guarantee for the credit limit, making it easier to qualify for, especially for those with limited or poor credit history. On the other hand, an unsecured credit card does not require a deposit but typically requires a good credit score for approval.


What credit cards are available that match your deposit?

Secured credit cards are available that require a deposit matching the credit limit.