Certificates of Deposit

In two forms either personal or company e.g

the name of the company

2 signatory

3

Money orders can be deposited to Bank of America only in person. Online check depositing is only available with checks, money orders fall into a different negotiable item category.

ask the gypsy lady if she has a crystel ball and she will tell you!

an income

An unapplied deposit refers to a payment received by a business that has not yet been allocated to a specific invoice or customer account. This can occur when a payment is made in advance or when there is uncertainty about which invoice the payment should apply to. Unapplied deposits are often held in a separate account until they can be properly assigned, ensuring accurate financial records and accounts receivable management.

yes, its a non negotiable instrument

12 Years

$9,999 USD- essentially, the standard ceiling before the bank has to inform the IRS...

If I write check on deposits not cleared by bank, it will in all probability get dishonored with the remark 'Insufficient fund' and a charge will be deducted from my account by the bank. However, I can intimate my banker prior to issuing the check that my deposits are not yet cleared and that the check may kindly be honored without refusal of payment.The above intimation has to be earmarked in the books of a/c. of the bank to prevent embarasing situation.

I don't think so. Typically check clearance takes atleast 1 business day even if the check you are depositing belongs to the same bank that owns the ATM and provides you the bank account. So, unless your bank account already had enough funds for you to withdraw, even before you deposited the check, the ATM may not allow you to withdraw the money.

If you need cash instantly, the best option for you is to visit the bank branch.

You cannot withdraw from a fixed deposit account without cancelling the note, which will likely incur a cancellation fee...

India has more money in Swiss bank than all the other countries combined. they deposit their black money in swiss bank.This is not so surprising.Dishonest persons, scandalous politicians and corrupt IAS, IPS officers have deposited in foreign banks in their illegal personal accounts a sum of about $ 1500 billion, which have been misappropriate by them.

They both refer to the exact same thing. It is just two different terms by which we are referring to this deposit product. In this, a customer deposits a lump-sum amount with the bank for a fixed amount of time at a fixed rate of interest. In return, the bank gives a certificate to the customer which he/she can surrender after the stated time in return for the invested amount + interest. They are called Time Deposits, Certificate of Deposit, Fixed Deposits etc.

It seems to be a Social Security Check. It is approximately $160 short. She is disabled and has been for about ten years. Never a problem with Soc. Sec. It came the day her regular check comes, (same designation letters as her usual check , dir. dep.), so she is a little worried. I can not find a case when some one goes from 65 to 66 that their check goes down. Has anyone else? She turned 65 on 05/2022 and her check never changed! All of a sudden this morning, 09/01/23 it hits the bank direct deposit and its short about $165! Appreciate any help!!

yes

certificate of deposit

Becauseit's a good idea to split your money up into several different CDs all with different maturity dates so that you have a constant flow of incoming cash through matured CDs when you need it. When you take out multiple CDs with varying maturity dates, you have a CD ladder.

I assume you are referring to which bank in India gives 10% interest. The answer for that is None. In most cases, banks offer an interest of around 8 to 9% per year with an additional 0.5% for senior citizens. Given the current economic scenario outside, I don't think any bank is offering 10% rate of interest. But, you can check websites of the banks to see if any of them is offering 10% just to be doubly sure.

Demand deposits are funds held in accounts that can be withdrawn at any time without prior notice, such as checking accounts, making them highly liquid. In contrast, time deposits, like certificates of deposit (CDs), require the funds to be locked in for a specified period, often offering higher interest rates in exchange for reduced liquidity. Essentially, demand deposits prioritize accessibility, while time deposits emphasize earning potential through commitment.

Yes. Any action where our money earns us some more money is an investment. In case of fixed deposits, banks pay us a fixed rate of interest on our deposits which is an income that our money is earning for us. So, definitely it is an investment.

No FD's are not bought. They are types of deposit account which are opened in banks for a fixed period....

The basic requirements for opening a fixed deposit account are:

a. Amount to deposit

b. Existing relation with bank (You need to hold some sort of account with the bank. Else, you will be asked to open one)

c. Source/Proof of legal income

If you have these, any bank will be willing to open an fixed deposit account for you.

They are processed the same as all other checks, however, the availability is different. Cash tends to be available immediately. Your bank may also give you immediate credit for a cashier's check, but most provide next-day availability.