Certificates of Deposit

If the acount is held jointly by both parties, either person can endorse the check and deposit it. If the account is only in the depositor's name, then both parties have to endorse the check. Check with your bank for the correct information.

If you endorse it as payable to them it will usually be accepted for deposit into someone else's account.

Direct Deposit is a facility using which companies can credit the monthly paycheck or salary for their employees into their respective bank accounts. For example, my employer credits my salary on the 1st of every month into my bank account. All I have to do is submit a written request to my employer with the details of the bank account into which I want him to credit my monthly salary.

Yes, inactive accounts (the status before becoming dormant) require a deposit or withdrawal to reactivate the account. The amount doesn't matter.

A cash deposit is when you take actual cash (dollars and coins) to the bank and deposit them.

Yes, EverBank.com provides foreign currency deposit accounts.

No, CDs (certificates of deposit) are not considered securities. It's sort of like a savings account, but with some special conditions. You put money away in a "designated account" to obtain a CD, and that account will earn an elevated rate of interest over "regular" savings accounts. The catch is that you have to leave the deposit in for a fixed term to earn that higher rate of interest, and you'll suffer heavy penalties for early withdrawl of the fungs. There are variables based on how much you put in, how long you commit to leaving it in, and how soon you might wish to remove all or part of it (and, thereby, incur the penalty).

An Inter-Corporate Deposit (ICD) is an unsecured loan extended by one corporate to another. Existing mainly as a refuge for low rated corporates, this market allows funds surplus corporates to lend to other corporates. Also the better-rated corporates can borrow from the banking system and lend in this market. As the cost of funds for a corporate in much higher than a bank, the rates in this market are higher than those in the other markets. ICDs are unsecured, and hence the risk inherent in high. The ICD market is not well organised with very little information available publicly about transaction details.

BB&T gives you .10% over $1,300 & under $10K, Over $10K you get .25%. Every other bank I've called gives you 0.05% or less.

Keep in mind BB&T is only on the east-coast.

Phone your bank and ask for bank-by-mail envelopes.

if I bought a Deposit Note of a bank going to bankrupcy,what can I expect?

Either pay it or come to an agreement with the company. If you are reconciling a cash account, it means to identify all of the differences between your balance and the bank's balance. Your checkbook might show $100 balance but the bank says you have $109. Why? Because you wrote a $10 check that has not been cashed, and the bank charged you a $1 fee that you didn't know about. So you subtract the fee, bringing your checkbook balance to $99, and when that outstanding check hits the bank, they will also show $99. If you are reconciling some other account, like accounts receivable, this is normally done by preparing a detail schedule, a listing of all customers and their balances - the total should agree with the total ledger balance.

Time deposits are negotiable instruments. These are written orders or conditional promise to pay a fixed sum of money on demand or at a certain time.

Retrieving funds from a 17-year-old un-cashed cashier's check from a closed bank can be challenging. Generally, cashier's checks do not expire, but the ability to cash it may depend on state laws and the policies of the bank that issued it. You might need to contact the bank's successor or the state's unclaimed property office for assistance. If the bank has been dissolved, the funds might eventually be turned over to the state as unclaimed property.

If the check says you or the other person. If the check is made out to you and the other person both of you need to sign it.

Cash deposits are moneys that are placed into the bank to be kept safe. There are accounts to keep each of these cash deposits.

You are gunna die.

money in a savings account

A Time deposit is an agreement between a bank and its customer to deposit a fixed amount of money for a fixed duration for a certain rate of interest. The customer would be provided with a certificate of deposit which would contain the interest amount, date of maturity etc. The bank can now use the deposit for its loans and other purposes because ideally speaking, the customer would not ask for the money until the maturity date. Since the bank can plan properly for such deposits, the interest offered on such deposits is usually higher than normal checking or saving accounts.

If the customer wishes to prematurely close the account and withdraw money, the bank would charge a penalty for doing so. 1 or 2% of the interest amount may be reduced for doing it.

A Fixed deposit account is one in which you deposit a specific amount of money with a bank for a specified duration of time. you cannot withdraw that money before its maturity date. if you do you would have to pay a penalty for doing the same.

usually fixed deposits offers us a higher rate of interest than normal bank accounts

You should be able to go into the bank and they can look up the information for you if you provide photo i.d.

yes as long as they have the account details.

justifies the worth of banks in the financial world for it is a must that banks must have substantial amounts of deposits

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Certainly ... If one has overdrawn knowingling or unknowlingly, and your accounts are at the same institution, the bank has every right to move a certain amount of funds from one to the other in order to protect themselves.

They might be protecting you as well to prevent endless NSF fees from being charged. One would think having money pulled is much better than the over charged NSF fees, which can keep recurring over and over again, which drains money from an account faster than it goes in.

Bottom line - keep track of your finances daily - with todays methods of tracking bank accounts online, there is no rhyme or reason for any account to be overdrawn.