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If your job makes a mistake depositing money into your account, you should promptly notify your employer or the appropriate department in charge of payroll or finances. It is important to address the error as soon as possible to ensure accurate financial records and to prevent any potential issues in the future.

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AnswerBot

5mo ago

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How old should kids be to get a bank account?

Any age if a child has a bank acount it makes them feel asif there money is safe so there more likely to save it up.


How can a minor trade stocks?

Through a custodial account. An adult can setup a account and add you as a custodial. The custodial makes the trades through your accounts, but the money remains separate from both accounts.


Who should the debtor pay when an account is sold by the original creditor to another lender or collector?

Yes, the debt still stands. It's how debt collectors stay in busniess. When the debt or account is sold, the debt isn't erased, merely transferred. In essence, the original lender has sold the whole contract. * The debtor makes any payment agreement with the collector not the original creditor.


Will a cashiers check clear same day?

Assuming you try depositing a cashiers check from another bank into your bank account, it is unlikely to clear that same day. Even if your bank makes the funds available to you in a day or two, even that does not mean the check has necessarily cleared. I asked this question of an employee at a major bank at which I have an account (because I want to sell some large-ticket items for substantial amounts of money to a private party). She basically said, when the cashiers check actually clears depends on the bank that issued it. Even if your bank makes the funds available to you within a couple of days due to regulations imposed on them, the check may not actually clear (due to fraud or whatever). Your best bet is to physically visit the issuing bank, show them ID to prove who you are, and get them to cash the check immediately. They will then remove the funds from the account in question, and issue you a check from the bank directly. That new check will be essentially as good as cash.


How does money grow in a savings account?

A savings account is one in which customers save their monthly savings and they are not like the current account. Though the money is available at any time for the customer to withdraw, money is not as frequently deposited/withdrawn from it like the current account. Hence banks offer a meager interest rate for the money held in this account. Money grows in a savings account because: a. The account holder usually makes small deposits regularly into the account b. The money in the account earns a small interest and hence keeps growing in value

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