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Statutory protection given to paying banker?

Statutory protection given to the paying banker is insurance against fraud for the depositors at a given bank. A member of the F.D.I.C. will insure the assets of a depositor up to a certain amount. Usually this amount is $50,000 or less depending on the type of deposit accounts affected.


What is it called when an instruction is given to a bank by a depositor?

When an instruction is given to a bank by a depositor, it is commonly referred to as a "bank order" or "deposit instruction." This can include various types of directives, such as a request to transfer funds, withdraw money, or set up automatic payments. These instructions are typically formalized through documents or electronic transactions.


How do you calucate percentage?

The simple way to calculate percentage is to divide the given amount by the total amount and then multiply the answer by 100 to get the percentage of the given amount in respect of the total amount


What does depositor base mean when referring to a bank?

The deposit base represents the average number of customer deposit accounts available to a bank for investment at any given time. These are advantageous to banks for offering them a dependable source of income for investments and lending and a strong customer loyalty base.


What is OD account?

od account or the overdraft account is an account from which the depositor can draw more amount than that is available in the account.This is given on the basis of fd,assets etc.


When is a deposit slip given to a person?

When they deposit money


How do you find percentage?

To find the percentage of one number you divide the numbers then multiply the answer by 100. For an example, if you want to find the percentage of four that the number three is you divide three by four and then multiply the result ,which is 0.75, by 100 and your result or percentage would be 75%!


Why passbooks not given to time deposit holders in banks?

Why passbooks not given to time deposit holders in banks?


What is the percentage of the amount of people that OD in the U.S.?

Given that many people do not take drugs, and amongst those that do, most do not OD, the percentage is 0%.


How to calculate the annual percentage rate (APR) from a given monthly payment amount?

To calculate the annual percentage rate (APR) from a given monthly payment amount, you would need to know the loan amount, the term of the loan, and any additional fees or charges. Using these values, you can use a formula to solve for the APR.


Are checks written by a depositor and paid by the bank?

Yes, a person with a bank account (a depositor) can write a check against that account for a sum of money. The person given the check (who the check is made out to) then presents it to their bank and the banks between them move the money from the account of the person who wrote the check to the account of the person who was given the check.


How do property auctions work?

Property auctions work by auctioning properties to the public and one must pay a 10% deposit if they are successful. They are given a set amount of time to pay the rest in full and if they fail they lose the deposit.