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What is the procedure for opening various type of bank account?

The procedures vary from bank to bank and from a type of account to another. It is usually just dependant on your financial history and if the bank is willing to do business with you.


What type of bank account offers the easiest access to your money?

Business accounts


Can money be garnished from your business bank account for a shortage on foreclosure?

Whether your money can be garnished depends on the type of business you have. If you have a corporation, your personal liabilities are separate from your business liabilities, which means your corporation's bank account will not be garnished.


What is the procedure of opening various types of bank accounts?

The procedures vary from bank to bank and from a type of account to another. It is usually just dependant on your financial history and if the bank is willing to do business with you.


When was Philippine Business Bank created?

Philippine Business Bank was created in 1997.


What type of loans does the Franklin Bank grant?

The type of loans that Franklin Bank grants varies. This bank offers services and products that include, mortgage lending, car or auto loans, personal loans, small business loans, commercial loans and others.


What types of funding are available for a start-up business?

Loans from a bank is the most common type of funding that is available for a start-up business. Venturing capital firms and angel investors is also a type of funding that is available for start-up business.


How are banks classified?

Banks have a number of classifications based on the type of business they are engaged in. Here is a list of bank classification: * central bank; * commercial bank; * wholesale banks; * savings banks; and * investment banks.


Factors bank consider before granting loans?

Type your answer here... what are the various step to be taken by commercial bank in gannting working capital loan to a business firm ?


Is a bank loan a financial asset?

Bank loan is a liability for business not an asset for business.


Do you need to have an LLC in order to open a business bank account?

No, you do not need to have an LLC to open a business bank account. You can open a business bank account as a sole proprietor or under a different business structure.


How long for a deposited check to clear?

It depends on the type of check.Same city, Same bank check will get credited in 1 business daySame city, other bank checks might take 2-3 business daysOther city, other bank checks might take 4-5 business daysOther nation checks might take around 7 business days or more