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yes
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NO. You should protect your credit cards as you would your cash. But it's not "considered money" for the obvious reason. If cash is lost or stolen, it cannot be replaced. A credit card, on the other hand, can be replaced. Even if stolen with fraudulent charges, there would be no financial lose on your part.
What else can I help you with?
Is USAA Bank considered a credit union?
No, USAA Bank is not considered a credit union. It is a federal savings bank that primarily serves military members and their families.
Would a credit card be considered an asset?
No. A credit card is not an asset, it is a liability because it is essentially money that you have borrowed from a bank, in other words, it's debt.
What are the three difference between a bank and a credit union?
A bank holds and stores money, and a credit union is for a temporary holding for money, and your only suppose to have a certain amount of money in the credit union
How do you transfer money from your bank account to your french bank account?
There are three ways. 1. There should be a bank in France (if France is where you are talking about) that you will have to give them your money and they will convert it into french money. 2. If you have a credit card, you might have to call you credit card company to tell them that you would like to transfer your money to france. 3. If you have cash, bring it to your local bank and see if they can convert it into french money or convert it into french money into a card.
Is a bank loan a credit or debit?
A bank loan is considered a form of credit. When you take out a loan, the bank extends credit to you, allowing you to borrow money that you will repay over time with interest. In your personal finances, the loan amount represents a liability or a debit on your balance sheet until it is paid off.
Deposited money in bank is cr or dr?
Deposited Money is termed as "CR" or "Cr" or "Credit" it is a transaction in which money is deposited or credited or added to a customer's bank account. The bank balance of the account will increase by the amount of money that was actually credited during this transaction.
How do you make a debt on doodle god?
Bank + Money = Debt Money+ House = Bank Gold + Paper= Money
Is USAA Bank considered a credit union?
No, USAA Bank is not considered a credit union. It is a federal savings bank that primarily serves military members and their families.
Would a credit card be considered an asset?
No. A credit card is not an asset, it is a liability because it is essentially money that you have borrowed from a bank, in other words, it's debt.
What are the three difference between a bank and a credit union?
A bank holds and stores money, and a credit union is for a temporary holding for money, and your only suppose to have a certain amount of money in the credit union
Why is the balance as per bank statement on the bank reconciliation statement a credit if its a favorable balance but in the bank account the credit means you owe the bank money?
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.
How do you transfer money from your bank account to your french bank account?
There are three ways. 1. There should be a bank in France (if France is where you are talking about) that you will have to give them your money and they will convert it into french money. 2. If you have a credit card, you might have to call you credit card company to tell them that you would like to transfer your money to france. 3. If you have cash, bring it to your local bank and see if they can convert it into french money or convert it into french money into a card.
Is a bank loan a credit or debit?
A bank loan is considered a form of credit. When you take out a loan, the bank extends credit to you, allowing you to borrow money that you will repay over time with interest. In your personal finances, the loan amount represents a liability or a debit on your balance sheet until it is paid off.
Why do funds paid into your bank account appear as credit entries on your bank statement?
The funds are a credit to the bank that is issuing the statement. They "owe" you the money, therefore the credit.
Is it possible to transfer money from my Venmo credit card to my bank account?
No, it is not possible to transfer money directly from your Venmo credit card to your bank account.
When you add money to your bank account is it debit or credit?
It's a credit. When you take money out - it's a debit.
When you use a credit card on playstation network for money does the card lose money?
Technically no, normally a credit card puts things 'on credit'. Your bank is paying for the PSN credit. But you now have to repay the bank sometime. (Credit cards can be loaded with funds, that money would be spent if used in the above way, and you would not be in debt to your bank).
