A counter deposit is made using a blank deposit slip furnished by the bank - the depositor has to write in their own name and account number. A deposit is typically made with a pre-printed deposit slip that the depositor brings to the bank with them.
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.
A refundable deposit can be returned to you if you meet certain conditions, while a non-refundable deposit cannot be returned to you under any circumstances.
Demand Deposit It is type of an account from which deposited funds can be withdrawn immediately at any time without any notice to the depository institution. Time Deposit It is type of deposit which is in contrast to demand deposit and funds are not available immediately .These are also known as term deposits .
deposits are refundable and fees are not
There isn't much of a difference between a prepaid expense and a deposit. Both terms are monies that are paid in advance to pay for something. With a prepaid expense, the money pays usually for a bill or utility. A deposit on the other hand, is sometimes given back after the obligation is paid. If it is not paid, the deposit is kept as payment.
Deposit is teller friendly, efficient and accurate Counter credit is more work for teller, mistake possible
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.
deposit: to put inwithdrawal: to take out
a counter is a counter which counts the data and the decade counter is the counts the decade ones
The difference between a timer and a counter is that a timer can be set to record different time intervals. As were a counter only records an overall length of time.
Counter credit means a person went into a bank and made a deposit with the teller. Sometimes this term will show up on your bank statement.
A counter counts up, a timer couts down.
I think it's all how you use it in a sentence; example, "I made a deposit at the bank" or "you can remit your deposit to the bank". I could be wrong but that's my understanding.
What US Bank uses 560210039 routing number on counter deposit slips?
the difference between offer and counteroffer
A refundable deposit can be returned to you if you meet certain conditions, while a non-refundable deposit cannot be returned to you under any circumstances.
the difference is that one works around the problem at hand the other works around the solution presented.