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What else can I help you with?
Who is bank employee who helps customers deposit or withdraw money?
Teller
What happens to your money in the CD accounts?
It gets granted as loans to other customers. Banks make money by lending loans out of the money we deposit with them. In case of a regular savings account, you can withdraw your money anytime you want. So the bank cannot effectively use this money to make profits themselves. But, in case of a Certificate of Deposit the bank knows that you will not withdraw the money until the stipulated deposit period, so they can effectively utilize this money to make a profit and therefore share a percentage of the same by means of a higher interest rate.
Can you deposit money into an edd account?
No withdraw only
Can you dopsit money into a frozen bank account?
Yes - you can deposit money but - you won't be able to withdraw it !
What do you call a bank employee who helps customers borrow money?
A bank employee that helps customers borrow money would be called a loan officer.
Who is bank employee who helps customers deposit or withdraw money?
Teller
What is the opposite of the word deposit?
The opposite of "deposit" is "withdraw." Deposit involves putting money into an account or storage, whereas withdraw involves taking money out of an account or storage.
What are types of credit processing?
There are several different types of credit processing. There is the ATM, automated teller. There you can withdraw or deposit money. Then there is a human bankteller. There you can speak with a human, and deposit or withdraw money.
What happens to your money in the CD accounts?
It gets granted as loans to other customers. Banks make money by lending loans out of the money we deposit with them. In case of a regular savings account, you can withdraw your money anytime you want. So the bank cannot effectively use this money to make profits themselves. But, in case of a Certificate of Deposit the bank knows that you will not withdraw the money until the stipulated deposit period, so they can effectively utilize this money to make a profit and therefore share a percentage of the same by means of a higher interest rate.
Why might you go into a bank?
Rob it, withdraw money, deposit money, cash check
What is it called to take money out of your bank account?
It can be called a withdrawal or a deposit.
Can you deposit money into an edd account?
No withdraw only
What is the difference between a normal savings account and nre account?
In normal savings account, you deposit Indian money (rupee) and you can withdraw it in the same indian money. In nre account you can only deposit foreign currency and you withdraw indian currency. you cant deposit indian money in this account
Can you dopsit money into a frozen bank account?
Yes - you can deposit money but - you won't be able to withdraw it !
Can you deposit cash on ATM machine?
No, an ATM machine allows you to withdraw money. You have to use a Cash Deposit machine.
Can you withdraw money anytime from your reccuring account?
No. Recurring Deposits have a maturity date and you can withdraw the money only after the deposit matures. If you want to withdraw the money before maturity date, the bank will charge you a penalty for doing so.
Can an employer withdraw funds from an employee's bank account?
No. Unless the employer is a signer on the account s/he can not withdraw funds from the account. There are very serious penalties for anyone either taking money or giving money from someone else's bank account. An employer can, however, reverse a direct deposit made into an employee's bank account, so it can seem like a withdrawal, but it really isn't. (For example, if a direct deposit were made in an incorrect amount, it could be reversed for the purpose of correcting it.)
