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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

Is there a NatWest Bank?

Yes - The National Westminster (commonly called NatWest) Banking group is the largest banking group in the UK. It became part of the Royal Bank of Scotland in 2000.See related link to their home-page.

Can you tell me about carbon bank?

Some information about Carbon bank is that it is a very new branch of environmental finance that explores the financial living in a carbon/constrained world.

How to write letter for closing bank account?

It should really be something you write yourself... Just address it to the branch manager - include your full name, address and account number. State that you want the account closing (include a date if you wish) - and that's all you need to do as a minimum. You can be as brief or as detailed as you like.

With most accounts, you don't even need to do that - you can just walk into your branch, and inform a member of staff. They'll just get you to complete a few forms, and give you whatever cash is in the account.

How money deposit in the bank should i have in order to get the F1 student visa And can i get a loan if i don't have?

In general you will need to have $20,000 or more in the bank in order to get the F1 student Visa. You can get a loan in your home country if you do not have the money.

What is the interest on 15000 for one year?

That will depend on the bank or other financial institution you are dealing with and whether you are investing or taking a loan. So it could be many different rates. So there is no single answer.

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.

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 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

What is the function of radiator bank in transformer?

The function of the radiator ban in a transformer is to cool the transformer oil.

Does cashing on dividends affect your principal?

Cashing in your dividends should not affect the principal amount you put into it.

What was the fuction of the bank of the US?

The function of a bank is the same irrespective of where it operates.

The main function of a bank is to play the role of a financial intermediary in the economy. They help keep the cash flow going in the economy by collecting deposits from people with surplus and granting loans with people who need funds. Without banks, the economy may come to a standstill within just a few days.

Can you get cash at a bank for a 20000.00 check?

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

What is check How payments made with cheques Explain with example?

A check is a paper, issued by a bank to the account owner. The account owner signs the check and places the amount that he needs to pay on the space provided for it and gives it as payment.

Check payments are usually made for big purchases. This is to avoid the danger of carrying a large amount of cash in your purse, aside from the reason that it is more handy.

For instance, you are going to buy a set of furniture for the office. You can issue a check, indicate the amount of money to be paid to whom or to what company, then sign it as proof. The company owner then brings it to the bank, deposits it and the bank transacts with your bank in transferring the amount of money from your account to the furniture company owner's account.

How long does an estate need to be open?

There is no upper limit. The shortest time possible is typically 90 to allow people to file claims against the estate.

When you deposit money into the bank where does the money go?

First of all, the money goes into the banks overall cash reserve. This money is then used by the bank to grant loans to other customers who may ask for the same. By collecting interest from those loan customers, the bank makes a profit.

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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