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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 Does the IRS know when you open a new bank account?

The IRS may become aware of a new bank account through various reporting requirements imposed on financial institutions. Banks are required to report certain transactions, such as cash deposits over $10,000, and may also report interest earned on accounts to the IRS. Additionally, if you receive taxable income or interest from the account, that information will be reported to the IRS, linking it to your Social Security number or taxpayer identification number.

What is a payment account ID in moneybookers?

A payment account ID in Moneybookers (now known as Skrill) is a unique identifier assigned to each user's account. This ID is used to facilitate transactions, track payments, and manage account settings securely. It ensures that funds are correctly routed to the intended recipient during transfers and helps maintain the integrity of financial operations within the platform.

What kind of bank?

To provide a more specific answer, could you clarify what type of bank you are referring to? There are various types, including commercial banks, investment banks, credit unions, and online banks, each serving different purposes and clientele.

Can you cash any check of a deceased person into your spouses bank?

Generally, you cannot cash a check made out to a deceased person, even if you are their spouse. The funds belong to the deceased's estate, and cashing the check could be considered fraudulent. Typically, the estate must go through probate, and any checks owed to the deceased should be deposited into the estate account. It's best to consult with an attorney or the bank for specific guidance.

What is the correspondent bank of ecobank in Canada?

Ecobank's correspondent bank in Canada is typically Scotiabank. Correspondent banking relationships allow Ecobank to facilitate international transactions and provide services to its clients in Canada. However, specific partnerships may vary, so it's advisable to check directly with Ecobank for the most up-to-date information.

How muchwill a 1 deposit be worth after 24 years if the interest rate paid by the bank is 7?

To calculate the future value of a $1 deposit after 24 years with a 7% interest rate, you can use the formula for compound interest: ( A = P(1 + r)^t ), where ( A ) is the amount after time ( t ), ( P ) is the principal amount, ( r ) is the interest rate, and ( t ) is the number of years. Plugging in the values, ( A = 1(1 + 0.07)^{24} ) results in approximately $5.13. Thus, a $1 deposit will be worth about $5.13 after 24 years at a 7% interest rate.

What did bank robber David Worrel use as a weapon when he tried to rob a London bank?

David Worrel attempted to rob a London bank using a plastic toy gun, which he brandished during the heist. The use of the toy weapon was notable because it raised questions about the seriousness of the threat he posed. Ultimately, his actions were thwarted, and he was apprehended by law enforcement before he could escape with any money.

How the banks records your account?

Banks record your account information using a combination of electronic systems and databases that securely store details like your account number, balance, transaction history, and personal identification data. Each transaction is logged in real-time, allowing for accurate tracking of deposits, withdrawals, and transfers. These records are maintained to ensure compliance with regulatory requirements and to provide you with up-to-date account information. Additionally, banks implement various security measures to protect your sensitive data from unauthorized access.

Do delivery guys check for ID?

Yes, delivery drivers often check for ID, especially when delivering age-restricted items like alcohol or certain medications. This practice helps ensure that the recipient is of legal age to receive the product. However, for standard deliveries, ID checks are typically not required. Policies may vary by company and type of delivery.

Does shaw's supermarket cash payroll checks?

Oh, it sounds like you're needing some assistance with cashing your payroll check at Shaw's supermarket. How wonderful that you have a job and a paycheck to cash! I recommend giving your local Shaw's a call or visiting their customer service desk to inquire about their check cashing policies. Remember, it's always good to ask questions and seek help when you need it. Happy painting!

Is there any money in my PSFS account that I had in grade school?

Honey, I'm not a psychic, I can't see into your PSFS account from grade school. You need to contact the bank and ask them for that information. They'll have records of your account history, not me. Good luck finding that childhood treasure!

How do you write 1150 for a check?

Well, honey, to write 1150 on a check, you simply start with "One thousand one hundred fifty." Follow it up with a comma after "one thousand" and end with "and 00/100" to represent the cents. Just make sure your handwriting is legible so the bank teller doesn't have to play detective to figure out your amount.

Would a cheque be accepted for 100 guineas as legal tender in a bank?

Even in pre-decimal days in the UK (up to 15February 1971)the guinea had no formalstatus. When making out a cheque for one guinea one had to write 'one pound one shilling'. As for whether ot not a British bank would accept a cheque made out in guineas I very much doubt if they'd even understand what the word meant!

What is some disadvantages of being a chemist?

Chemistry can create dangerous circumstances if one does not know what they are doing. For example, mixing chlorox and ammonia can produce fatal gases.

Are there hsbc banks in Portugal?

Ah, isn't that a lovely thought? Unfortunately, my friend, HSBC does not have branches in Portugal. But don't worry, there are many other beautiful banks in Portugal that can help you with your financial needs. Just like painting, sometimes you have to explore different options to find the one that fits just right.

What is the branch code for standard bank vaal mall branch?

Honey, I may be sassy, but I'm not a mind reader. You gotta give me more to work with than that. If you want the branch code for Standard Bank Vaal Mall branch, you better call them up or check their website. I'm here to entertain, not to be your personal bank directory.

How much does a roll of dimes weight?

A roll of dimes typically contains 50 coins, with each dime weighing approximately 2.268 grams. Therefore, a roll of dimes would weigh around 113.4 grams (50 dimes x 2.268 grams/dime).

What is Computershare's DTC number?

Honey, Computershare's DTC number is 7807. Now, don't go losing sleep over it - just make sure you jot it down somewhere safe if you need it. And remember, sharing is caring, but be careful who you share it with.

Deposited money in bank is cr or dr?

Deposited Money is termed as "CR" or "Cr" or "Credit" it is a transaction in which money is deposited or credited or added to a customer's bank account. The bank balance of the account will increase by the amount of money that was actually credited during this transaction.

What are the advantages and disadvantages of Magnetic Ink Character Recognition?

Magnetic ink character recognition systems offer high security levels because the MICR characters are written using iron oxide ink and follow a strict format, which makes it virtually impossible to forge; however, these specialized systems are costly and can only be used to read MICR fonts written in specific formats.

How long is the outer banks?

The Outer Banks is a 200-mile (320-km) long string of narrow barrier islands off the coast of North Carolina, beginning in southeastern corner of Virginia Beach. They cover approximately half the northern North Carolina coastline.

Please contact us for any Outer Banks related questions or to help you plan your next Outer Banks (OBX) vacation.

Thanks,

Seaside Vacations

4820 N. Croatan Hwy
Kitty Hawk, NC 27949
(866) 884-0267
OuterBanksVacations.com
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Barclay career school in new york 1984?

Barclay Career school was located in Manhattan in 1984. On Madison Avenue. I know this for sure because I attended the school to learn word processing.