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as there are no transaction limits, deposit limits as compared to savings account

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12y ago

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Why do business people prefer a current account?

for regular transctions


Has business accounting software positively changed small accounting agencies as well as consumer conveniences?

Business accounting software has changed accounting agencies and consumer conveniences. It is now a lot easier to have account information done with software. Many people prefer this method and it works efficiently and avoids a lot of hassle. This type of software helps to keep account information, confidential information, and dates and times for small accountants. It also allows for the consumer to keep up with records for themselves. This way they also are able to know what the accountant does.


How do you check CIF number of SBI account?

To check the CIF number of your SBI account, you can log into your SBI online banking account and navigate to the "Profile" section where it is usually listed. Alternatively, you can find it on your bank statement or passbook. If you prefer, you can also contact SBI customer service or visit your nearest branch for assistance.


What do you do if your name has been removed from a joint checking account without your consent?

Depends on what type of an account it was set up as. If you were a signer on an account, then most certainly the owner of the account can remove you. Same as applies to accounts set up under a trust. if it was a joint with right of surviorship, most institutions prefer to just close the account and reopen the account under the requestor. even if there is a divorce decree. or "death certifacte" Either way, if you were removed from the account without your consent, you should call your financial institution right away.


What are the different kinds of checks?

The Different Kinds of ChecksPersonal Check· A personal check is the means for the checking account holder to pay the money. Most banks allow you to write as many checks as you want per month without a fee, but some banks set a limit on the number of checks per month and charge a fee if you exceed it. Business Check· Business owners can open business checking account and issue business checks. Business checks are similar to personal checks. The account owner pays for supplies, business expenses and payroll with business checks. Most banks charge monthly fees for business checking accounts. They can also limit the number of checks the owner can write per month. Cashier's Check· A cashier's check is a check by the bank on its own funds. The bank takes the money out of an account holder's account and issues the check from its own account. Businesses prefer cashier's checks for large purchases. Cashier's checks take less time to clear when compared with personal checks. Certified Check· A certified check is similar to a cashier's check. The bank withdraws the funds from the holder's account and places them into a separate account until the certified check clears. Some banks charge a fee for a certified check. Traveler's Check· Traveler's checks come in specific denominations and were convenient to use during trips before credit and debit cards have rendered them nearly obsolete. The bank can replace travelers checks fast if you lose them, but you need to order traveler's checks ahead of time, pay fees and get enough checks for the trip. Debit and credit cards have become a more convenient substitute for traveler's checks. Money Order· A money order is a form of a prepaid check. You can buy it at a financial institution or a post office, but you do not need to have an account there. Money orders are a convenient replacement for cash. Because you should not mail cash, you can purchase and mail a money order, which never expires. The limit on one money order is $1,000. The post office allows you to purchase up to $3,000 in money orders per day without a picture ID and charges a small fee for them.

Related Questions

Why do business people prefer a current account?

for regular transctions


Quotation about people prefer for what kind of business?

pharmaceutical products


What are some free email providers?

I recommend both Gmail and Hotmail. I personally prefer Hotmail, because you can set up a main account, for personal reasons, and then add an alias for that account for business purposes.


Is consultant insurance a requirement for business consultants?

Consultant insurance is not required for people who work as business consultants. However, many clients will prefer people who are insured as they will probably be more reliable.


Do you prefer Google or Yahoo and why?

I prefer Google because with it you can have a Youtube account and so much more!


Why do gay people prefer the term gay?

Language is in a constant state of change, but in the current usage, the word "gay" is not an attack on people, and is considered a neutral term.


Who makes the cheapest business cards?

People should have an impressive business card as it represents their personal and company's basic information. If you want to have an attractive business card then you should prefer Beanprint as it makes the cheapest and best designed business cards.


How do you find the ratio of people who prefer chicken to people who prefer pasta?

you count the people who prefer chicken and the people who prefer past and the ratio will be chicken:pasta, chicken to pasta or chicken/pasta


How many people prefer freestyle swimming?

Many people prefer freestyle. They prefer it because it is efficient. They also prefer it because it it is fast.


How many people prefer yahoo?

Most of the people are prefer yahoo .


What are the size of left margin in business letter?

The standard margin on a business letter is one inch (1"), although some people prefer one and a quarter inches (1.25"). Both are acceptable.


Why do you prefer SQI over RxQual?

We prefer SQI over RxQual because SQI takes into account FER,BER and Speech codec while RxQual takes into account BER only.