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It depends on a lot of unknowns. In the UK, you can open a basic savings account in most banks with as little as £1.00 !

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12y ago

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Where can one find a cheap deposit account?

Someone can find a cheap deposit account at a local bank that does not charge you very much to open a deposit account with them, or just spending no money and keeping your money yourself.


How do you open a bank account to deposit a account payee cheque?

by opening a/c only can deposit n withdraw money


What is the average minimum deposit for money markets?

A minimum deposit is required to open a money market account; $1,000 is typical.


Do I need a certificate of deposit to deposit money into my account?

You do not need a certificate of deposit (also known as a CD) to deposit money into an account - unless you are attempting to deposit money into a CD account. Most banks only require you to have a regular savings account opened to be able to deposit money into a checking account for free. However, these terms vary by bank depending on which one you are using. Generally speaking, however, you should not have to open a CD to deposit funds into a regular checking account.


Do you need money to open a business account?

Yes, typically you will need money to open a business account. Most banks require an initial deposit to open a business account, which can vary depending on the bank and the type of account you are opening.


What is the difference between a money market account and a checking account?

When money is held in a checking account the money is liquid. It is always accessible. It can be withdrawn using checks, or electronic cards. A money market account however, is much like a certificate of deposit. It requires a larger amount of money in order to open the account and has a much higher interest rate.


How to open a deposit account?

To open a deposit account, visit a bank or credit union and provide identification, such as a driver's license or passport. Fill out an application form and deposit money into the account. You may also need to provide additional information, such as your social security number.


How much the initial deposit to open a savings account at bpi family savings account?

1000


What is the process for making the first and last deposit for this account?

To make the first deposit for this account, you will need to provide the required initial amount of money to open the account. This can usually be done in person at a bank branch or online through the bank's website. For the last deposit, you can simply transfer money into the account as needed or make a final deposit before closing the account.


Can you open an account in US and have a person from UK deposit money in that account?

Yes. There are no restrictions as to who can deposit cash into an account. Anyone can deposit cash into anyone else's account as long as they know the account number of the account into which they want to deposit cash. For ex: I can walk into the bank branch where you hold a checking account and deposit $500 into it if I know the account number. Nobody will ask or question me as to why I am doing so…


Is there a certain amount of money required to open a free checking account at most banks?

The Answer is Yes, most and if not all banks require an initial deposit of $100.00 dollars to Open a new account. Other bank require a higher initial deposit but to the best of my knowledge for the most part a one hundred dollar deposit will do to open an account.


How can I open an account and get money?

To open an account and get money, you can visit a bank or financial institution in person or online. You will need to provide identification and personal information to set up the account. Once the account is open, you can deposit money through various methods such as cash, checks, or electronic transfers. You can then withdraw money from the account through ATM withdrawals, checks, or electronic transfers.