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Banking

Banking is the process of engaging in the business of keeping money for savings and checking accounts, issuance of loans and credit, and the like. This is an industry that is strictly regulated by the government.

24,470 Questions

How do you write a check out for 22.50?

Well, honey, you grab a pen, write "Twenty-two dollars and 50/100" on the line, slap a dollar sign in front of it, and sign your name at the bottom. Don't forget to date it, or else it's just a worthless piece of paper. Now go forth and pay your dues like the responsible adult you are.

WHAT IS THE BRANCH CODE OF BPI BANK IN ILIGAN CITY?

Honey, I ain't your personal Google. Call up BPI in Iligan City and ask them yourself. They'll give you the branch code faster than you can say "Betty White is a national treasure."

What does oth mean on a bank statement?

I called LLoyds TSB to get this answered and they could not locate it anywhere.

But i think i worked it out so you cannot take this as completely correct. But it is better than nothing.

OTH= ONLINE TRANSACTION HANDLING. Or possibly "TRANSFER"

All the times it came up on my statement had to do with Internet banking transactions in and out of my account. Hope this helps a bit.

Joanne

Where to cash a check from Deutsche Bank?

You can cash a check from Deutsche Bank at any Deutsche Bank branch location. Alternatively, you may be able to cash it at a bank that has a correspondent banking relationship with Deutsche Bank. It's important to bring proper identification and the check itself to complete the transaction successfully. If you are not a customer of Deutsche Bank, they may charge a fee for cashing the check.

What is internally generated cap withdrawal?

It's an automatic withdrawal from the bank or financial institution where your account is held. It generally means that you have overdrawn your account by $50 or more (different for some banks) and the bank has allowed this to take place (for example, direct debits were honoured). It can also mean an automatic payment was denied due to the bank not allowing the account to overdraw. The fee for ANZ in Australia is $6. Other banks will differ with fees.

Which fnb branch has branch code 255355?

The branch with branch code 255355 belongs to FNB (First National Bank) in South Africa. The branch code is a unique identifier assigned to each specific branch of a bank. Customers often need this code for electronic transactions such as transfers and payments.

How do you write 150000 a bank check?

To write 150000 on a bank check, you would start by writing "One hundred fifty thousand" on the line that ends with "dollars." Then, you would write "150,000.00" after the dollar sign in the box provided on the check. Make sure to sign the check in the bottom right corner to authorize the payment.

What bank has a Sort code 407080 where is it?

The bank with Sort Code 407080 is the Co-operative Bank PLC, a retail and commercial bank in the United Kingdom. The Sort Code is a unique identifier assigned to each bank branch for processing payments within the UK banking system. The Sort Code 407080 specifically identifies the Co-operative Bank's branch located in Skelmersdale, Lancashire, England.

In what way is a bank different from any other business?

Well, darling, a bank is different from any other business because it holds people's money, not just selling products or services. Plus, they have to follow a whole bunch of pesky government regulations to make sure they don't mess up handling all that dough. So, while other businesses are out there trying to make a profit, banks are busy playing it safe with other people's cash.

Where does the date go on a formal letter?

In a formal letter, the date is typically placed at the top right-hand corner of the page, a few lines below the sender's address. The date should be written out in full, including the month, day, and year (e.g., January 1, 2023). It is important to ensure that the date is accurate and up-to-date to provide a clear timeline for the correspondence.

How do you write a warning letter to a cashier in a bank?

When writing a warning letter to a cashier in a bank, it is important to clearly outline the specific performance issues or policy violations that have occurred. Use a professional and respectful tone, focusing on facts rather than emotions. Provide specific examples of the behavior that needs improvement and clearly communicate the consequences of continued misconduct. Offer guidance on how the employee can rectify the situation and improve their performance going forward.

What are the advantages and disadvantages of mixed banking?

Mixed banking refers to a system where commercial banks engage in both commercial and investment banking activities. The advantages include diversification of revenue streams, increased efficiency in resource allocation, and enhanced customer convenience. However, mixed banking can also lead to conflicts of interest, increased risk-taking behavior, and potential systemic risks due to interconnectedness between commercial and investment activities. It is crucial for regulators to closely monitor and regulate mixed banking institutions to mitigate these disadvantages.

Is layby a form of credit?

Layby is usually NOT a form of credit since the store holds both your money and the product or item that you want to purchase.

If the company allows you to TAKE the product home while making payments then it is a form of credit but it is known more as rent-to-own and is not the same as layby.

Who is authorized to contact contractor bank to request purchase account be established?

Typically, individuals authorized to contact a contractor bank to request the establishment of a purchase account would be designated personnel within the organization responsible for managing financial transactions and vendor relationships. This could include procurement officers, finance managers, or authorized signatories as outlined in the organization's financial policies and procedures. It is crucial that only authorized individuals make such requests to ensure proper oversight and control of financial accounts.

What is a check book?

A cheque book is booklet of cheque leaves or in simple terms a booklet of individual cheques. These cheques can be used by the customer who owns them to pay other people. The customer will sign on his cheque and fill-up the amount and give to people who he has to pay like his grocery bill or his telephone bill.

What happens if you write checks on someone elses account?

It is called Forgery. You are not supposed write checks on someone else's account. The affected party (The person whose account you are using for your check) can sue you legally and you can be jailed for committing this forgery.

In short, you'll end up behind bars if you happen to do this.

What account services does ING offer?

ING direct offers the same checking options as many other banks. You are able to transfer money from one account to another with no additional fees, it's FDIC insured and a quick application process.

How do you get a bank draft?

You can walk into any bank's branch and ask them for a demand draft requisition form. Once you fill the form and pay the money required the bank will issue you the DD you wanted. If you are a customer with the bank, they might charge you a little less for the DD fee but that does not prevent you from getting a DD from any bank.

What is a savings accont?

A savings account is one in which customers save their monthly savings and they are not like the current account. Though the money is available at any time for the customer to withdraw, money is not as frequently deposited/withdrawn from it like the current account. Hence banks offer a meager interest rate for the money held in this account.

How do business bank accounts work?

Business Bank accounts work the same as personal accounts however they are in the name of a business and used to manage the deposits and withdrawals. There are usually limits to the number of items run through the account and will differ based on the monthly charge of the account.

What should I do if I forget my pin of bank of America edd card?

Well, it's okay to forget things sometimes, friend. If you forget your Bank of America EDD card PIN, the best thing to do is to contact the bank directly. They'll be able to help you reset your PIN and ensure your card is secure. Just take a deep breath, give them a call, and everything will be sorted out in no time.

What is the branch code for standard bank branch code in Ladysmith?

The branch code for Standard Bank in Ladysmith is typically a unique 6-digit numerical code assigned to that specific branch. This code is used for electronic funds transfers and other banking transactions to ensure they are processed correctly. To obtain the exact branch code for the Ladysmith branch of Standard Bank, you can contact the bank directly or visit their website for the most up-to-date information.

What does hombug banks mean in The Cay?

Oh, dude, "hombug banks" in "The Cay" is just a fancy way of saying shallow sandbars. It's like when you're at the beach and you stub your toe on one of those annoying hidden sandbanks - that's a hombug bank for you. So, basically, it's just a term for those sneaky underwater obstacles that like to ruin your day.

What is transation?

Well, darling, "transation" isn't a word in the English dictionary. If you meant "translation," well, that's the process of converting something from one language to another. So, next time, make sure you're asking about real words, honey.

What is armchair banking?

Armchair banking refers to the practice of managing financial transactions and services from the comfort of one's home, typically using online or mobile banking platforms. This allows individuals to conduct various banking activities such as transferring funds, paying bills, and monitoring account balances without physically visiting a bank branch. Armchair banking offers convenience and flexibility for customers to handle their financial needs remotely.