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How does an ATM machine work?
Your checking account is linked to a routing number that your bank sends to a credit company when you apply for a debit card. When you swipe your card in the machine and enter your pin, the credit takes the money in your account and gives you an equal amount out at the machine.
What is the difference of credit and debit in accounting?
when a business transaction takes place two effects will also take place, that is one account which receives the benefit of this transaction will be debited and the other account which gives the benefit of this transaction will be credited. The difference is this canot be visa versa.
What is the journal entry for settlement of advance?
Suppose "A" Gives Rs 100000 as an Advance to "B" what will be the Journal Entry of Advance given to B and latter the Advance settling entry after the B give a bill to A
What is a paypal debit?
When you use PayPal to complete on-line payments, PayPal gives the money to the seller immediately, then recovers the cash from your linked bank account. The purchase is immediate - but the funds recovery might take a few days, depending on how fast your bank works. On your bank statement - any payments to PayPal will show up as 'PayPal debit' - instead of the name of the company you bought goods from.
What is the purpose of an access account?
An access account is a banking account that gives one affordable transactions. It gives one access to different banking channels like cellphone banking.
I am eleven can i have a debit card?
This depends upon the banking laws of the state you are in. Legally, you probably won't be able to, since bank accounts and accompanying debit cards are set up by contract between the account owner and the bank. Minors are not allowed to enter into contracts, therefore, legally, at least, you probably cannot even open a bank account even without a debit card. Can you get around it? Yes. If a parent opens the account in the parent's name and the parent gets the debit card, gives it to you and tells you the PIN, then you effectively have a debit card. What parent would do this, though, is beyond me.
What specific type of PPO plan gives debit card with the money?
You are thinking of an MSA plan (Medical Savings Account) which is different than a PPO plan
How does an ATM machine work?
Your checking account is linked to a routing number that your bank sends to a credit company when you apply for a debit card. When you swipe your card in the machine and enter your pin, the credit takes the money in your account and gives you an equal amount out at the machine.
What is the difference of credit and debit in accounting?
when a business transaction takes place two effects will also take place, that is one account which receives the benefit of this transaction will be debited and the other account which gives the benefit of this transaction will be credited. The difference is this canot be visa versa.
What are the advantages of debit cards over credit cards?
A debit card is limited to the amount of money you actually have in an account, so it is difficult to overdraw on one. With a credit card, you are using a bank's money on credit, while with a debit card you are spending money you already have. With debit cards, you do not get any "rewards" (benefits that the credit card company gives you in return for origination fees they charge places that take their cards). However, you also do not face any interest on unpaid balances. You can also still take out too much and get your account into negative. Perhaps the only real advantage is that if you log into your debit account everyday, you can see your balance with all your purchases. Credit cards can take days to post your purchases and may not give you a correct balance. Debit cards are just like cash, since they are usually linked directly to your bank account. However unlike cash, if you withdraw too much, you will definitely incur overdraft fees and such.
Is it fraud if your partner gives you her debit card and PIN and you take money out of her account a number of different times and then you do not repay her and she goes to the police?
It's called theft, and you can get into a lot of trouble. You better pay her back.
How are computers being used in money?
Here's one example of how computers are used in money:For example, when you pay for something with your credit card/debit card, the system takes money from your bank account and gives it to the company in which you are purchasing from.
How much do i have to put-up in order to have a MasterCard?
Credit Cards are based on your Credit Scoring, which in England you can check for £3.00 through either experian or equifax, although creditexpert.co.uk gives you a 30 day free trial (be sure to cancel after 30 days). It is not based on a sum of money placed into an account because it is a Credit Account, not a Debit account.
Why principal gives graduation speech?
to look good and to be remembered.
What is the difference between ECS and direct debit?
ECS is electronic Credit System, in which your account will be credited automatically without any manual intervention. Examples.Monthly salary credit, interest on some financial securities like bond coupen payments etc.Direct Debit can only be set up by the organisation to which you are making a payment. Normally, you sign a mandate that gives the company permission to take funds from your account in an agreed way. It normally confirms who is receiving the payment, the account to be debited, the amount and the dates of the payment. example loan emi
What is the simple subject and simple predicate of the principal chooses the best kite and gives the reward?
S.S=Principal S.P=chooses
What is the journal entry for settlement of advance?
Suppose "A" Gives Rs 100000 as an Advance to "B" what will be the Journal Entry of Advance given to B and latter the Advance settling entry after the B give a bill to A
