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After money is deposited in a bank, it typically goes into the bank's reserves, where a portion is kept for withdrawals and regulatory requirements. The bank then uses the remaining funds to make loans and investments, earning interest and generating profits. This process helps facilitate economic activity by providing credit to individuals and businesses. Additionally, some of the deposited money is used to cover operational costs and to maintain the bank's liquidity.
What else can I help you with?
Is the money depositable into this account?
Yes, the money can be deposited into this account.
What is the term for a type of account that earns interest as money is deposited?
money
What information is needed on a money order to be deposited?
A money order is deposited just like a check would be. Make sure your signature is the same as the check is written out to.
Has a scammer deposited money into your account?
If a scammer has deposited money into your account, it is likely part of a fraudulent scheme. It is important to report this to your bank immediately and not to use or withdraw the money, as it may be reversed later.
What happens if you deposit 10000.00 into a bank?
Actually nothing special happens. The few things that happen are:Your bank balance increases by 10000 (the amount you deposited)The money you deposited is available for withdrawal anytime you wantThe money you deposited starts earning an interest for you for as long as this money is kept in that account.
Can money be deposited into frozen account?
Yes money can be deposited in account when frozen but cannot be taken out.
What happens when money is deposited in account is it credited or debited?
deposited money is credited to your concern bank account
If you deposit money and the guy changes his mind does he have to pay you back?
that person who you deposited the money has to pay you double the amount you deposited
Does all money deposited in a bank earn interest?
No. Money deposited in checking/current accounts do not earn any interest.
Is the money depositable into this account?
Yes, the money can be deposited into this account.
What is the term for a type of account that earns interest as money is deposited?
money
Can a money order be tacked if someone. Deposited it?
No
Can a government cheque be deposited in an inactive bank account?
is it possible for money to be deposited in an inactive bank account
What information is needed on a money order to be deposited?
A money order is deposited just like a check would be. Make sure your signature is the same as the check is written out to.
Has a scammer deposited money into your account?
If a scammer has deposited money into your account, it is likely part of a fraudulent scheme. It is important to report this to your bank immediately and not to use or withdraw the money, as it may be reversed later.
Can deposited money order be cancelled?
Yes. It may have been a bogus money order.
What happens if you deposit 10000.00 into a bank?
Actually nothing special happens. The few things that happen are:Your bank balance increases by 10000 (the amount you deposited)The money you deposited is available for withdrawal anytime you wantThe money you deposited starts earning an interest for you for as long as this money is kept in that account.
