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What is the current interest rate offered by Massachusetts banks?

The current interest rate offered by Massachusetts banks varies depending on the type of account and the bank. It is recommended to contact individual banks directly or check their websites for the most up-to-date information on interest rates.


How does a paycheck differ from a regular check?

A paycheck is a type of check specifically issued by an employer to pay an employee for their work, while a regular check is a general form of payment that can be used for various purposes such as paying bills or making purchases.


What is the difference between RDLC and SBLC?

RDLC (Registered Documentary Letter of Credit) is a type of documentary credit that is typically used for domestic transactions and is often issued by banks to facilitate trade, ensuring payment upon the presentation of specified documents. SBLC (Standby Letter of Credit), on the other hand, serves as a backup payment mechanism, primarily used to guarantee a party’s obligations in case of default. While RDLC is more transactional, SBLC is often used in situations where performance guarantees are needed. In essence, RDLC is used for direct payment in trade, whereas SBLC provides assurance against non-performance.


Can I write a check to myself and cash it at an ATM?

Yes, you can write a check to yourself and cash it at an ATM if your bank allows it. However, some banks may have restrictions or fees for this type of transaction. It's best to check with your bank before attempting to do so.


Can you deposit a personal check into a business account?

Yes, you can deposit a personal check into a business account, but some banks may have specific policies or restrictions regarding this type of deposit. It's best to check with your bank to ensure they allow personal check deposits into a business account.

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What type of check guarantee services are offered by the company Payment Solutions?

The company Payment Solutions offer three guarantee services for checks. Check guarantee for auto dealers, check guarantee for retailers and check guarantee for building materials & supply companies.


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Which type of insurance is sometimes used to guarantee the payment of a mortgage in case the insured died?

decreasing term insurance...


Which type of insurance is sometimes used to guarantee the payment of mortgage in case the insurance died?

decreasing term insurance...


What type of check does a bank agree in advance to accept when the check is presented for payment?

DRAFT CHEck


A type of check that you can purchase for a fee from banks or travel agencies is a?

Money orderAnother Answer:Traveler's Checks.


If a check is required outside the normal check run it is referred to as?

An "exception check" or "manual check." This type of check is issued outside of the regular payment process due to special circumstances or urgent needs.


What is a safe deposit receipt?

A safe deposit receipt is a receipt for the payment of renting a safe deposit box at a bank. Some banks charge a monthly fee for this type of safe.


How long can a check be held?

Banks in the US typically hold funds from a check for 1-9 business days, depending on the amount and type of check. It's always best to check with your bank to confirm their specific hold policies.


What is the current interest rate offered by Massachusetts banks?

The current interest rate offered by Massachusetts banks varies depending on the type of account and the bank. It is recommended to contact individual banks directly or check their websites for the most up-to-date information on interest rates.


How does a paycheck differ from a regular check?

A paycheck is a type of check specifically issued by an employer to pay an employee for their work, while a regular check is a general form of payment that can be used for various purposes such as paying bills or making purchases.


How can funeral bills be paid under state law?

Cash, check, credit card. It just depends on what type of payment the funeral home will accept.