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What are the restrictions on withdrawing money from a savings account?
The restrictions on withdrawing money from a savings account typically include limits on the number of withdrawals allowed per month, minimum balance requirements, and potential fees for exceeding these limits.
Why does your ATM receipt say transaction not allowed?
either not enough money in the account or withdrawing over the allowed daily limit
What are the interest rates for a ING savings account?
The interest rates for most ING savings accounts vary between 0.5% and 3% The higher rates are for accounts where a limited number of withdrawals are allowed in any one year.
What best describes why banks aren't allowed to loan out all of their deposits at once?
. If banks loaned out all of their deposits, it would be impossible to meet customers' demands for withdrawals
What is the maximum number of transaction allowed in a savings account?
5
What are the restrictions on withdrawing money from a savings account?
The restrictions on withdrawing money from a savings account typically include limits on the number of withdrawals allowed per month, minimum balance requirements, and potential fees for exceeding these limits.
Does sainsburys bank offer free savings accounts?
The savings accounts are free of charge, but there are balance requirements, depending on the type of savings account. There are also restrictions such as the number of withdrawals allowed each month.
Why does your ATM receipt say transaction not allowed?
either not enough money in the account or withdrawing over the allowed daily limit
Why do banks charge for more than 6 withdrawals in a statement period?
Due to federal regulations, more than 6 withdrawals from a savings account in one statement period is not allowed and therefore earns a penalty.
What are the interest rates for a ING savings account?
The interest rates for most ING savings accounts vary between 0.5% and 3% The higher rates are for accounts where a limited number of withdrawals are allowed in any one year.
Is hunting allowed in England?
Yes, hunting is allowed in England under certain regulations and restrictions.
Are kids allowed in casinos?
No, children are generally not allowed in casinos due to age restrictions and gambling laws.
How many farms are you allowed to have in the united kingdom?
As many as you want to have, there are no restrictions.
Are Tractor Trailers allowed in Manhattan?
They are, but with restrictions. For example, 53 ft. trailers aren't allowed without a permit.
What kinds of restrictions did nativists try to impose on immigrants?
Restrictions such to were they weren't allowed to do things that's the natives were allowed. Immigrants could not have their own free land and were forced to leave certain areas of their homes
What are different types of bank account in India?
Commercial Banks in India provide the following types of bank accounts for the benefits of their customers: 1. Savings bank account, where the thrust is on savings of the money for future emergenceis. Depositrs will get some interest on these deposits, but there will be some restrictions on the withdrawal of money. Ideal for salaried class of people, pensioners, etc who have a steady income every month. In oder to bring more rural and unbanked people into banking network (Called "Financial Inclusion") banks in India also open "No frills" account where no minimum amount is insisted while opening a SB account. In other words accounts are opened even with zero balance. No money is required to open this type of SB accounts. 2. Current account which is suited to the requirements of business people. Here no restrictions are placed on withdrawal or deposit oof money. Since any number of withdrawals are allowed in this account, banks do not give interest in this account. Further banks do matain account for the depositors of this account. Higly ideal for business people. 3. The third type of accounts, which is no where find in the advanced countries of the world, is the overdraft account, which is a loan account and which fluctuates between debit and credit balances. Here also no restrictions are placed in the account as to the number of withdrawals as well as deposits of money in this account. This is burden to the banks sicne wherther a borrower on a particualr day, withdraws the money or not, banks have to keep the money ready upto the limit sanctioned to the customers everyday. In case the borrower doesn't withdraw the money, banks loses an opportunity to deploy that funds profitably elsewhere. Because of this reason in foreign countries this type of account is not encouraged. Borrowers lack financial discipline and this account is heavily loaded in favour of the borrower. M.J. SUBRAMANYAM, XCHANGING CO, BANGALORE
Which golden rule of account for Discount allowed?
nominal account
