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What is it called when many people withdraw their money from the bank at one time?
Known as a "Run on the bank".
What is one advantage of saving money in a savings account at a bank?
One can withdraw money anytime, can be used as a liquid cash.
What occurs when many people withdraw their money from a bank at one time?
crash
Occurs when many people withdraw their money from a bank at one time?
crash
What made it possible for someone to put money in the bank at one location and withdraw it from another?
The bills of exchange.
What is it called when many people withdraw their money from the bank at one time?
Known as a "Run on the bank".
What is one advantage of saving money in a savings account at a bank?
One can withdraw money anytime, can be used as a liquid cash.
What occurs when many people withdraw their money from a bank at one time?
crash
Occurs when many people withdraw their money from a bank at one time?
crash
What was the bank run of 1930?
it was when everyone in the town wanted to withdraw all there money at one time.
What made it possible for someone to put money in the bank at one location and withdraw it from another?
The bills of exchange.
How much money can you withdraw out of the bank at one time?
it depends in how much is in your bank account at that time normally you can take every thing out except one pence
How come one can withdraw money from a bpi family passbook even if the account is not under her name and without approval from the depositor?
You cannot. No bank would allow someone to withdraw money from another persons bank account without their approval. Trying to do so is illegal and you can be jailed for it. Also, if a bank is lax in its security precautions and allows such transactions, the bank can be closed by the central bank.
Can I withdraw more money from an ATM then is available?
A debit card used to withdraw money from an ATM has a limit. Mine is £250 in any one day. Other debit cards have other, often higher limits, that you can agree with your bank.
What is the limit that you can withdraw at one time from your bank account?
there is no limit on the amount you can withdraw from your account as long as that sum is there
If you have a joint bank account and one person dies is the money taxable as income?
No, the money isn't taxed because it is already in the hands of the people on the account. As a person on the account you only need to withdraw the money.
How much can you withdraw from a dollar bank ATM in one transaction?
It depends on you arrangements with the bank and your credit
