Actually nothing special happens. The few things that happen are:
The bank would deposit a portion of the money with the central bank and then think of ways to lend this money and earn an income out of it.
When you deposit money in a savings account at a bank, the bank uses that money to make loans to other customers and earn interest. In return, the bank pays you interest on the money you have deposited in your savings account.
yes you can deposit quarters at the bank
If you deposit a fake check, the bank may initially credit your account with the funds. However, once the check is discovered to be fake, the bank will reverse the deposit and you will be responsible for repaying the amount. Additionally, you may face legal consequences for attempting to deposit a fraudulent check.
this is the amount of deposit the central bank authorise bank to keep them
to deposit money in the bank you need more than what you want do deposit because the bank charges 10% of what you deposit. for example you want to deposit 1000000 dollars, you must posses 1100000 dollars to have the 1000000 dollars put in the bank.
The bank would deposit a portion of the money with the central bank and then think of ways to lend this money and earn an income out of it.
When you deposit money in a savings account at a bank, the bank uses that money to make loans to other customers and earn interest. In return, the bank pays you interest on the money you have deposited in your savings account.
No. CD stands for Certificate of Deposit which is a certificate issued by a bank after they accept the deposit from you. No matter what happens, this money will be returned to you on the date of maturity/completion of this deposit.
yes you can deposit quarters at the bank
If you deposit a fake check, the bank may initially credit your account with the funds. However, once the check is discovered to be fake, the bank will reverse the deposit and you will be responsible for repaying the amount. Additionally, you may face legal consequences for attempting to deposit a fraudulent check.
It is unclear what kind of deposit is being asked about - a BANK deposit - or a deposit/downpayment on an item.If a bank deposit, the bank's audit at the end of the business day will disclose this fact as well. Either way you will not be damaged, but neither will you gain an un-earned windfall.If a downpayment, you would have to speak with the businessperson involved in order to resolve the issue or clarify the terms of the dispute.
They will research it, and if the deposit was put into the wrong account they will debit the account it was put into and credit the account it was supposed to go into. It is important you fill out your deposit slip accurately because that is the record of where it should have gone. If that happens, all parties involved will be notified by the bank. The bank will revert the transaction if the mistake was on their part. If the incorrect transfer happened because of the customers mistake in providing accurate account numbers, the bank would not revert the transaction.
this is the amount of deposit the central bank authorise bank to keep them
Deposit is both a noun and a verb. She made a deposit at the bank. (noun) She was able to deposit the money at the bank. (verb)
If you deposit an old check, the bank may not accept it and could potentially return it as "stale-dated" or "expired." It's important to deposit checks promptly to avoid this issue.
When a bank closes, safe deposit boxes are typically inaccessible for a period of time. The bank will usually notify box holders about the closure and provide instructions on how to retrieve their belongings. If the bank is unable to reopen, the contents of the safe deposit boxes may be transferred to a state agency for safekeeping until the rightful owners can claim them.