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Yes it is very much possible but it is not available for everybody. SBI offers such accounts to its preferred customers and clients, like employees of large corporate companies like TCS, CTS etc

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16y ago

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Is that you can maintain zero balance in posb bank?

Usually banks offer zero balance bank accounts to customers who have salary accounts with them. I have a zero balance account with DBS and since DBS and POSB are part of the same group, I guess they too will have a zero account balance bank account. You need to submit this bank account to your employer and if they GIRO your salary to this account automatically every month, it should be fine.


If you have a stock trading account with a balance of zero and you no longer want to make any trades do you have to close the account Can you just let the account get negative with maintenance fees?

yep.


When start zero balance account opening in SBI?

sallry account


What is a delinquent account?

A delinquent account is any account that has a past due balance. It will remain in delinquent status until the account has a zero balance.


What is the purpose of a zero balance bank account?

The purpose of a zero balance bank account is to have somewhere to put some money when an unexpected emergency arises. It is wise to have one just in case.


What is mean by lien balance in bank account?

zero


Savings account opening zero balance sbi?

Only if you are working in a company & that company should have account in icici.then only u can have "0" balance account. otherwise it is not possible.


What is a country with an official settlements balance of zero and a negative current account balance is called a?

Net borrower


Did bank provide zero balance savings account?

Yes, Banks provide zero balance savings accounts to customers. But this feature is not available to everyone. It is only available to special category of customers like:Salary Account holdersSenior CitizensChildrenEtc.The bank may choose to offer zero balance account facilities to any customer under their sole discretion.


If your checking account is a joint account with your spouse and it has a negative balance and you file chapter seven what happens to your spouse?

She needs to get a checking account in her own name, which means that you both will need to put money into the joint account until it is at least a zero. If you stiff the bank, then it will not be possible for either of you to get a checking account anywhere until you pay the amount owed. As they say, "you don't want to go there."


If you close your account with a balance will this hurt your credit or your credit score?

To successfully close an account, you must first have a zero balance on said account. Otherwise, you will still receive bills on that balance, which can and probably will accrue late charges.


What is the purpose of profit and loss suspense account?

The suspense account is a balance used to force the trial balance to agree. Once the errors have been located the respective amounts are debited or credited out of the suspense account until the balance is zero.