If your utility deposit is with a supplier or a landlord you should have something in writing in your service/rental agreement covering their refund policies. Should you leave a residence owing a utility bill which you never paid, the deposit most likely went toward covering the unpaid balance, as that is its actual purpose.
If the name on the check matches the name on the account, and if the check is signed on the back, then just about anyone can deposit the check. Withdrawing the funds requires ID, though.
If the 'somebody else' has signed the back with 'pay to the order of xxx' and then signs their name.
"For deposit only" is a restrictive endorsement.
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Non Resident Deposits are deposit accounts created by customers who don't reside in the country where the bank operates. For example if you go abroad on work and then open a fixed deposit in a bank in India, it will be termed as a Non-Resident Deposit.
Yes, a utility deposit is an asset.
no
No, generally a utility deposit is not a payable. On the rare chance that the company allows you to "make payments" on the deposit, until it is paid, the it would be a payable, however, that generally is not the case. A utility deposit is generally required as a "security" deposit to the company providing the service and as a rule must be paid in advance before said service can be activated. Most companies after a prescribed amount of time will and certain requirements are met (no late payments, no disconnection, etc) will refund the deposit to the person/company. If this is the case, then a utility deposit that may be refunded after a certain period of time is actually considered an asset.
deposits are refundable and fees are not
When you move to another state, your electricity deposit may be returned to you by your current utility company, typically after your final bill is settled. Make sure to provide your forwarding address to ensure you receive the deposit refund. Alternatively, the deposit may be transferred to your new utility provider if they require one.
There isn't much of a difference between a prepaid expense and a deposit. Both terms are monies that are paid in advance to pay for something. With a prepaid expense, the money pays usually for a bill or utility. A deposit on the other hand, is sometimes given back after the obligation is paid. If it is not paid, the deposit is kept as payment.
Yes, you can deposit a cashier's check back into your account.
Yes, you can deposit a cashier's check back into your account.
As long as you get your security deposit back, it doesn't matter how he gives it back to you.
If you forgot to sign the back of a check for mobile deposit, you should not attempt to deposit it electronically. Instead, sign the back of the check as you normally would and then proceed with the mobile deposit process.
Yes, you typically need to sign the back of a check in order to deposit it.
Yes, you typically need to sign the back of a check in order to deposit it.