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What is it called when someone attemps to take more money out of an account then there is?
When someone attempts to withdraw more money from an account than is available, it is called an "overdraft." This can result in fees or penalties from the bank, and in some cases, the transaction may be declined. Overdraft protection can be offered by banks to cover such situations, but it may also incur additional charges.
What else can I help you with?
Can someone transfer money to my account?
Yes, someone can transfer money to your account by providing your account details and initiating a transfer through their bank or online banking platform.
What is money in a checking account called?
Money in a checking account is called demand deposit.
Can someone deposit money into account for you?
yes as long as they have the account details.
Can someone withdraw money from my account with just the account number?
No, someone cannot withdraw money from your account with just the account number. Additional information such as a PIN or password is typically required to access and withdraw funds from an account.
What is money paid for the use of money called?
Money that is paid for the use of money is called interest. When you keep your money in a bank savings account, the bank credits your account with interest.
What is it called when you put money in your account?
When when you put money in your account it is called "making a deposit."
What is money placed into an account?
money in a bank account, when u put money into an account it is called a deposit.
What is money in a checking account called?
Money in a checking account is called demand deposit.
Can someone transfer money to my account?
Yes, someone can transfer money to your account by providing your account details and initiating a transfer through their bank or online banking platform.
Can someone deposit money into account for you?
yes as long as they have the account details.
Can someone withdraw money from my account with just the account number?
No, someone cannot withdraw money from your account with just the account number. Additional information such as a PIN or password is typically required to access and withdraw funds from an account.
Money which is kept in an account for later use is called?
it is called a savings account.
What do bankers use spreadsheets for?
To keep track of how much money someone has in their bank account. To keep track of how much money someone has in their bank account.
What is money paid for the use of money called?
Money that is paid for the use of money is called interest. When you keep your money in a bank savings account, the bank credits your account with interest.
What is the money paid for the use of money called?
Money that is paid for the use of money is called interest. When you keep your money in a bank savings account, the bank credits your account with interest.
What are the amounts of money coming into your account called?
it is called credit(when its coming in your account ) and debit(when its going out of your account ).
The amount of money in a bank account is called what?
account balance
