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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

Does a wife have to have probate to retrieve the money in his personal bank account if her husband's will is solely in her favour and she is the executor?

In India, if the claim is based on a will then it is normally probated. However in the instant case, as the claimant appears to be a first class legal heir, banks may waive probation depending on the amount of the claim and absence of any other claim.

What is the maximum you can take out of cash machines?

Banks vary, some its £200 but majority are £300

Can you send money to Indian bank account through money gram?

Yes, you can send money to an Indian bank account through MoneyGram.

What happens if you write a check for something then bring it back to get a cash refund?

You will not get a cash refund. You will get your check back if it is the same day. Otherwise, the store will wait until your check has cleared the bank to make certain you have the money to buy the product. Otherwise, you will be charged for an overdrawn check and prosecuted by the company.

Can loan companies take money from my bank account even if i havent taken out a loan with them?

Loan companies normally can't take money from your account if you haven't taken out a loan with them. However, some loan companies send checks to people as ads. If you cash the check, you're taking out a loan and the company can take money from your account.

Find ifsc code using account number?

To find the IFSC code, you will not be able to use the account number but will need the name of the bank and location.

What are aims and objectives of opening various types of bank accounts?

a report on procedure are opening vrious types of bank accounts aims and objectives

Does amazon accept money from bank account even if it was from an arabic bank?

Yes, Amazon will accept money from a bank account even if it is an Arabic bank as long as the funds are available.

How to check your bank statement in the form of an email?

To check your bank statement in the form of an email you need to register your account online.

What is tahabil balance in bank cash book?

what is tahabil balance column in bank cash book

Is there western union money transfere agency in tehran n what is its address?

No, there is not a Western Union money transfer agency in Tehran. Western Union does not have any branches (addresses) in Iran.

How do you write out 15520.00 dollars on a check?

Fifteen thousand five hundred twenty and 00/100 dollars

Is the PLS money order the same as Western Union money order?

Yes, a PLS money order is the same as a Western Union money order, and both money orders can be spent in the same way. The difference is one is from the PLS company and the other is from Western Union.

Can you give RBI cot code?

No I would not be able to tell you that code. Under any circumstances.

How do you write 190.00 dollars on a check?

One hundred and ninety dollars and zero cents

How do you know when an online transaction is secure?

I know that an online payment transaction is secure when it is checked by companies such as PayPal. There is usually a logo which states that paypal has secured the site to be safe.

Why do banks rob people?

Generally people feel they need to rob a bank in desperation when they need a large amount of money that they would not be able to acquire otherwise. Also some people just do it out of greed and stupidity thinking that it may be easy or they could get away with it which in a lot of cases isn't true as most/all banks have high security and safety measures installed to stop this from happening.

What is a nationalize bank?

a national bank is a bank basically where you save money, deposit money, get take money out. they can even loan you some money if you really need it but you would have to pay them back ofcoarse.

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What is the full form of pin in banking system?

There are over 100 different full forms for "PIN", but I think the one in banking would be:

Personal

Identification

Number

Do Banks and credit unions earn interest on your money by loaning it to others?

Yes they do, as your money means nothing to them and they are crispy briefcase WANKERS

How you write checks three hundred fifteen dollars?

On the line to the left of the word 'dollars': Three hundred fifteen and 00/100

In the small block next to the dollar sign: 315.00

How Islamic bank make profit?

Islamic Banks make a profit by buying and selling at a profit. for ex: If you want to buy a car, a regular bank will give you a car loan and you will use that money to buy a car. You will repay the money as monthly installments along with interest, to the bank.

An Islamic Bank will buy the car and then sell it to you for a higher price thereby making a profit.

How do you open a saving account?

In order to open a savings account in india you require the following:

a. Identity Proof - Passport, Drivers License etc

b. Address Proof

c. Photographs

d. Money for initial deposit &

e. Someone to introduce you to the bank

The last item on the list is optional but most banks expect an existing customer of the bank to introduce any new customers. If you are not the citizen of the country in which you are trying to open the account, you need to show proof of earning income in the country in order to open an account.

Just walk into any bank that is near you or to a bank of your choice with the details as mentioned above and they will be more than happy to open an account on your behalf

Can you get a check for 20000 and cash it?

If someone is willing to give you a check for 20,000 - sure you can.

20,000 is a reasonably small amount in banking terms. If the check is valid and you have a valid ID to prove you are who you claim to be, the bank should have no problem giving you the cash.

for larger amounts like 2 mil or so, banks will need advance notice to arrange the cash