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What else can I help you with?
What are some services a bank offers?
Deposit money to save and gain interest on. Opening various savings accounts such as the IRA or 401k
What are the benefits of opening a CD?
Opening a Certificate of Deposit (CD) can provide benefits such as higher interest rates compared to regular savings accounts, guaranteed returns, and a fixed term for your investment.
Why is it more difficult for the beginning saver to open a money market deposit account than passbook saving account?
Opening a money market deposit account often requires a higher minimum balance compared to a passbook savings account, making it less accessible for beginning savers. Additionally, money market accounts may have more complex terms and conditions, including limited transaction capabilities, which can be confusing for newcomers. In contrast, passbook savings accounts typically have lower minimum deposits and simpler features, making them easier for beginners to manage.
What is the best way to save for a house deposit - should I consider opening a house deposit savings account?
Yes, opening a house deposit savings account is a good way to save for a house deposit. These accounts often offer higher interest rates and can help you stay focused on your savings goal. Additionally, consider setting a budget, cutting expenses, and exploring other investment options to help grow your savings faster.
What are the best business savings accounts?
The best business saving accounts in the world are in Gringotts. They offer radically high interest rates,often several percent above the industry norm. This is offset by the high cost of opening an account with them.
Which banks in Wachovia offer a free checking account?
All Wachovia Banks offer free checking accounts. They are even offering a $50 bonus for opening a new free checking account. The accounts have no monthly service fee, no minimum balance and no direct deposit requirement.
What are some services a bank offers?
Deposit money to save and gain interest on. Opening various savings accounts such as the IRA or 401k
Where can one find more information about opening online checking accounts?
One can find more information about opening online checking accounts from Citi Bank, Bank of America and Nationwide. Checking account is the type of accounts that one can use to deposit as well as withdraw cash from the account.
What are the benefits of opening a CD?
Opening a Certificate of Deposit (CD) can provide benefits such as higher interest rates compared to regular savings accounts, guaranteed returns, and a fixed term for your investment.
What will be the initial deposit to open a Bank of America account?
I think it is US $ 500 for a simple checking account. The bank would give you an ATM card and a check book for this account. However if you arrange to have a Direct Deposit (Your Monthly Salary/paycheck) into this account Bank of America waives this minimum balance requirement and you can have it as a Zero-Balance checking account.
What is amount of deposit?
The amount of a deposit refers to the sum of money that an individual or entity places into a bank account or financial institution for safekeeping. This can vary widely depending on the purpose, such as opening a savings account, securing a loan, or renting property. Deposits can be subject to minimum requirements set by the institution, and they may earn interest over time if placed in interest-bearing accounts.
Are there fees for openning a saving account at Bank of America?
No, but there is generally a minimum opening deposit and minimum balance to keep the account free. Most commonly it is $100 to open and a minimum of $300 to avoid a $3 a month service charge.
Why is it more difficult for the beginning saver to open a money market deposit account than passbook saving account?
Opening a money market deposit account often requires a higher minimum balance compared to a passbook savings account, making it less accessible for beginning savers. Additionally, money market accounts may have more complex terms and conditions, including limited transaction capabilities, which can be confusing for newcomers. In contrast, passbook savings accounts typically have lower minimum deposits and simpler features, making them easier for beginners to manage.
How much money can a foreigner deposit in a US bank?
As much as they want! Within the limits of a bank's deposit rules for trust, investment, money management or commercial accounts; after realizing that IRS rules require activity reporting on all accounts; and only when checks of international "blacklists" of individuals, agencies and governments (which are prohibited from opening accounts in US banks) are completed.
Does First Command Bank offer free checking accounts?
First Command Bank in Fort Worth, Texas does offer free checking accounts. They have an account for 14 to 22 year olds with no monthly fees. The minimum deposit is $25 to open the account, but there is no minimum deposit afterwards. This account is called "First Account" and includes a debit card and unlimited check writing. For adults, their "Command" checking account also requires a $25 minimum opening balance. You'll receive interest on the account anytime your balance is over $1,000. Check writing is unlimited and you'll receive a free debit card with the Command account. Free online statements and bill paying is another benefit for either of these checking accounts.
What is the journal entry for deposit to bank account for beginning a business?
Journal entry for opening a bank account
I am looking for a Florida bank that offers free checking and has a low initial opening deposit amount?
Most (if not all) banks offer a free checking option these days. Most require a 50-100 dollar minimum deposit.
