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Yes, many banks impose daily limits on cash deposits, which can vary depending on the bank's policies and the account type. These limits are typically set to prevent fraud and manage risk. It's best to check with your specific bank for their exact policies regarding cash deposit limits.
What else can I help you with?
Is it possible to cash a check at my bank without depositing it?
Yes, it is possible to cash a check at your bank without depositing it if you have sufficient funds in your account to cover the amount of the check.
Pass an entry depositing cash in hand?
cash a/c dr bank a/c
What is daily cash withdrawal limit for icici bank by ATM?
As of my last update, the daily cash withdrawal limit for ICICI Bank ATMs is typically ₹20,000 for regular savings account holders. However, this limit may vary based on the type of account and the bank's policies. It's advisable to check directly with ICICI Bank or their official website for the most current limits, as they can change.
Do you need anything when depositing 5000 cash in us bank?
ID and $5000.
When you get cash back from a purchase does it take from my daily spending or my ATM. limit?
When you get cash back from a purchase, it typically counts against your ATM withdrawal limit rather than your daily spending limit. This means that the cash back amount will reduce the available cash you can withdraw from ATMs. However, the total amount spent on the purchase will still count towards your daily spending limit if your account has one. Always check with your bank for specific policies regarding cash back and limits.
Can anyone deposit cash into a bank account owned by someone else and have the funds immediately available to them?
If the person who is depositing the cash has the name of the person and/or the account number of who they wish to deposit cash in yes they can do so. Some banks may limit the funds availability depending on the amount of cash.
What is a bank CD?
A CD refers to a Certificate of Deposit. It is a certificate given to you by a bank for depositing cash with them. They would pay you an interest for having the deposit with them.
What are the accounting journal entries to record depositing cash for common stock?
[Debit] Cash /bank [Credit] Common Stock
Can someone help me by cashing a check for me?
Yes, someone can help you cash a check by depositing it into their bank account and giving you the cash.
What is cashing checks?
Checks are monetary instruments that can be exchanged for cash. Cashing a check is the process of converting a check into cash. It can be done by submitting/depositing the check with the bank that has issued it or by depositing it with any bank that we have a bank account with. In the former cases you'll get cash immediately and in the case of the latter you'll get cash in 3-4 days if the account has enough funds to pay for the check.
Meaning of pay in slip in bank?
Pay-In-Slip is a bank record which he customer has to fill in before depositing the cash into bank .It is a source document .
Whose PAN no is required while depositing rs 49999 or more in the bank account whether it is account holder's or the third party's PAN number who is depositing the cash?
The person who is depositing money
