An overcharge returned to you, possibly.
Return of unused premium on insurance, etc.
The implications should be clear in the explanation line;
if not, you would best be served by asking the bank.
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.
[Debit] Bank account [Credit] Cash account
bank account debit and interest payable credit
checking from bank fund & credit card prepaid by credit
bank account  -noun 1. an account with a bank. 2. balance standing to the credit of a depositor at a bank.
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.
Yes, it is perfectly legal to check your credit score before opening an account with a bank. The bank themselves would run a credit check on you before finalizing the account opening procedure. However a good credit score is not mandatory to open a deposit account.
It depends - on what they were convicted of. It's unlikely that someone convicted of fraud would be granted a bank account or credit card.
Debit Bank Account - Assets Credit Bank Loan Account - Liability
Yes, it is possible to transfer funds from a credit card to a bank account through a process known as a cash advance. However, this option may come with fees and high interest rates, so it is important to carefully consider the implications before proceeding.
Opening a credit account with any Bank including HSBC is free of cost. We just have to fill online application and the process will be continued by the Bank.
Closing a bank account can potentially impact your credit score if the account has a negative balance or if it is your oldest account. This can affect your credit history and overall credit utilization, which are factors that can influence your credit score.
To transfer your credit card payment to your bank account, you can typically do so by logging into your online banking account and setting up a transfer from your credit card to your bank account. You may also be able to do this by contacting your credit card company directly or visiting a bank branch.
Yes, it is possible to transfer funds from a credit card to a bank account using a bank transfer.
It depends. If you are going to withdraw cash from your credit card through an ATM and then manually deposit it to your bank account, it would happen immediately. But, if you raise a request with the bank to arrange for the funds transfer from the credit card to your bank account, they may take 3-5 working days to process your request.
Most banks would give you because after all you would be depositing cash into your account. Only when the bank has to give you cash it would bother about it. Getting products like cheque books, overdraft or credit card or loans might be the difficult part. Getting an account should not be much of a fuss.
A BANK GIRO IS A TERMS OF PAYMENT WHEN OF USING A SLIP PROVIDED BY THE BANK IN ORDER TO CREDIT AN ACCOUNT