TOD is an acronym that many banks use that means Temporary Overdraft. This happens when an account does not have enough money. The account will then be overdrawn.
Bank overdraft charges are the result of someone spending more money than they have in their bank account. The bank then charges interest on the overdrawn amount.
LC confrmation charges is the charges paid to confirmation bank and born by the applicant, normally a confirmaton bank is bank which give the payment on the presentation of documents by applicant,s bank
The person who receives the cheque payment (You) pays the bank charges.
it is the value of what you are offered in the bank.
It Depends: Yes - If you have a valid overdraft account with the bank and you currently do not have enough balance in your account to pay for bank charges No - If you do not have a valid overdraft account with the bank.
Time of day
Transfer On Death
Bank overdraft charges are the result of someone spending more money than they have in their bank account. The bank then charges interest on the overdrawn amount.
bank charges a/c debit to cash a/c credit
[Debit] Bank service charges [Credit] Bank account
[Debit] Bank service charges xxxx [Credit] cash / bank xxxx
what does banking charges mean
LC confrmation charges is the charges paid to confirmation bank and born by the applicant, normally a confirmaton bank is bank which give the payment on the presentation of documents by applicant,s bank
TOD stands for 'transfer on death'. TOD is a legal agreement with an entity such as a bank whereby upon the death of the owner of an account ownership bypasses probate and passes directly to beneficiaries. The transfer is made quickly but assets passed through this type of arrangement are subject to estate taxes, if applicable. Transfer on death (TOD) registration allows you to pass the securities you own directly to another person or entity upon your death bypassing probate.
The person who receives the cheque payment (You) pays the bank charges.
it is the value of what you are offered in the bank.
It depends on what charges you are talking about here. If the bank has charged you by mistake then by contacting the bank and raising a request you can get the bank revert/remove those charges. Ex: If the bank charges you $25 for not maintaining the minimum balance even though you hold a 0 balance checking account, you can raise a written request and the bank would deposit the $25 back to your account.