I have read somewhere that Bank can open only two accounts to credit miscellaneous items like sundry deposit account. Can anybody give me the relevant clause/law applicable in India to muralivanmelil@gmail.com
temporary deposit. Bank will not pay any interest to you .
The company Citadel Bank offers: Checking Accounts, Savings Accounts, Money Market Accounts, Certificates of Deposit, Credit Cards, Mortages and Personal Loans.
A counter credit is a general term for an addition to your account. For example if you had a problem with a fee and visited your bank branch they may issue a counter credit to refund the fee into your account. A deposit could also be handled as a counter credit depending on the bank and if you are splitting the deposit between multiple accounts.
"Bank Midwest offers Personal Checking & Savings Accounts, Money Market Accounts, Certificate of Deposit Accounts, Small Business Accounts, Loans & Lines of Credit, & Cash Management for Small Business Banking."
Secured accounts are secured by a deposit. The bank would then extend a credit line - usually an amount from 100% to 200% of the deposit. For instance a $500 deposits would generally get you a $500-$1000 credit line. You likely will earn interest on your deposit and be considered for an unsecured line after a certain amount of time.
Sundry is a category in general accounting that is used to describe a miscellaneous group of vendors. These vendors are often smaller or infrequent relationships that do not require their own entry. If the vendor currently owes the parent company money, then they are considered a sundry debit. On the other hand, if they have provided goods or services for which the parent company owes them for, they are considered a sundry credit.
temporary deposit. Bank will not pay any interest to you .
The company Citadel Bank offers: Checking Accounts, Savings Accounts, Money Market Accounts, Certificates of Deposit, Credit Cards, Mortages and Personal Loans.
It means to take it to the bank and have them credit it to one of your accounts at that bank. If you receive cash for the check it is 'cashing a check.'
A counter credit is a general term for an addition to your account. For example if you had a problem with a fee and visited your bank branch they may issue a counter credit to refund the fee into your account. A deposit could also be handled as a counter credit depending on the bank and if you are splitting the deposit between multiple accounts.
"Bank Midwest offers Personal Checking & Savings Accounts, Money Market Accounts, Certificate of Deposit Accounts, Small Business Accounts, Loans & Lines of Credit, & Cash Management for Small Business Banking."
Secured accounts are secured by a deposit. The bank would then extend a credit line - usually an amount from 100% to 200% of the deposit. For instance a $500 deposits would generally get you a $500-$1000 credit line. You likely will earn interest on your deposit and be considered for an unsecured line after a certain amount of time.
Some services that the Corning Credit Union provides are: automatic transfers, bank wire transfers, direct deposit, DAD (Dial Accounts Direct), and safety deposit boxes.
There are many types of account which you can open via the Bangkok Bank. Some are Savings accounts, Current accounts, Deposit account and Fixed Deposit account.
Direct Deposit is a facility using which companies can credit the monthly paycheck or salary for their employees into their respective bank accounts. For example, my employer credits my salary on the 1st of every month into my bank account. All I have to do is submit a written request to my employer with the details of the bank account into which I want him to credit my monthly salary.
A bank deposit slip is used for credit. Credit is an action in which money is deposited into a bank account. For doing so, we need to fill a deposit slip. The deposit slip contains details like the name of the account holder, amount of money deposited, the denominations, date of deposit etc.
No. A bank account can be a checking or savings. It is the account in your name where you deposit and withdrawl funds from. A bank deposit is when you put money into the account either by you walking into the bank and handing them cash or a check and the bank teller processes it to be put into your account. They are two different things but they are related.