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What happens if your bank goes to bankruptcy and you owe money to them?
You still owe money.
What happens if a large deposit is made in a 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.
What happens to the money that you deposit in a savings account at a bank?
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.
What happens during a bank run-?
customers attempt to withdraw more money than the bank has on hand
What happens when a bank has no reserves?
reserves is the money that a bank holds aside just in case they run out, they'll have money to back them up.When a bank runs out of reserves they can either get loans from the government or file bankruptcy.
What happens if your bank goes to bankruptcy and you owe money to them?
You still owe money.
What happens if a large deposit is made in a 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.
What happens to the money that you deposit in a savings account at a bank?
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.
What happens during bank runs?
customers attempt to withdraw more money than the bank has on hand
What happens when money is deposited in account is it credited or debited?
deposited money is credited to your concern bank account
What happens during a bank run-?
customers attempt to withdraw more money than the bank has on hand
What happens when a bank has no reserves?
reserves is the money that a bank holds aside just in case they run out, they'll have money to back them up.When a bank runs out of reserves they can either get loans from the government or file bankruptcy.
What happens to your money if your bank files for bankruptcy?
Banks are insured up to 100,000.00 by the government.
What happens when a bank overpays you?
Two things can happen: 1) The bank finds out and notifies you that the money has been returned. OR 2) The bank does not find out and you are richer and lucky.
What happens if you have a wreck without auto insurance and still money to the bank?
You'll be ticketed for driving with an invalid registration and driving without insurance, and you still owe that money to the bank.
What does cpt corr mean on a bank statement?
cashpoint correction usually happens if u lost money in the cashpoint and have reported it to your bank
Is the bank liable for money taken from a checking account electronically?
If the incident happens because of the carelessness of the customer in protecting his logon id and password the bank is not responsible. If the incident happens due to some mistake in the bank system then it is liable.
