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When an account does not have enough money to cover a transaction or withdrawal, it is referred to as being "overdrawn." This situation can lead to overdraft fees, and in some cases, banks may allow the transaction to go through, resulting in a negative balance. It’s important for account holders to monitor their balances to avoid these situations.
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What is money in a checking account called?
Money in a checking account is called demand deposit.
What is money paid for the use of money called?
Money that is paid for the use of money is called interest. When you keep your money in a bank savings account, the bank credits your account with interest.
What is Money put into an bank account called?
to deposit moneyA Deposit is the act of putting money into an account.
What is money in a cheking account called?
It is called money or cash. Irrespective of where you keep your money it is called money or cash only. You may keep it in your bank account or keep it in a safety vault or carry it around in your purse. Either ways it will always be called cash or money only.
What is the amount of money in a bank called?
account balance
What is it called when you put money in your account?
When when you put money in your account it is called "making a deposit."
What is money placed into an account?
money in a bank account, when u put money into an account it is called a deposit.
What is money in a checking account called?
Money in a checking account is called demand deposit.
Money which is kept in an account for later use is called?
it is called a savings account.
What is money paid for the use of money called?
Money that is paid for the use of money is called interest. When you keep your money in a bank savings account, the bank credits your account with interest.
What is the money paid for the use of money called?
Money that is paid for the use of money is called interest. When you keep your money in a bank savings account, the bank credits your account with interest.
What are the amounts of money coming into your account called?
it is called credit(when its coming in your account ) and debit(when its going out of your account ).
The amount of money in a bank account is called what?
account balance
What is Money put into an bank account called?
to deposit moneyA Deposit is the act of putting money into an account.
What do you do if there is not enough money in a bank account and you want to visit the UK?
shipping gold to my UK bank account
What is it called when you take money out of an account?
withdrawl
What is it called to subtract money from your account?
with-draw
