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Commercial Bank and Checking Accounts

Checking accounts are deposit accounts that allow customers to deposit or withdraw any amount of money, subject to funds’ availability. Most commercial banks offer checking accounts to both individuals and companies.

3,404 Questions

What is the four state owned commercial bank in Bangladesh?

There are 4 state owned commercial banks in Bangladesh which are fully or majorly owned by the Government of Bangladesh. They are Sonali Bank, Agrani Bank, Rupali Bank and Janata Bank.

How is it possible to manage multiple checking accounts?

To manage two or more checking accounts simultaneously, keep both spending ledgers accurate by immediately writing down transactions storing all paper work in separate well organized files.

Can you deposit a money in your checking account through ATM?

Yes. Almost all banks these days allow deposit of money through ATM's into all types of accounts including checking accounts. However, there are limitations on the amount of money that can be deposited in a single transaction (Around 50 to 100 notes depending on country). There are also limitations on the type of bills accepted by the ATM. Larger denominations like $1000 or $500 arent accepted by ATMs. Typically accepted denominations are $10, $50 and $100.

What bank accounts are offered at JP Morgan?

JP Morgan offers a variety of personal and commercially related bank accounts. Both interest bearing or low-maintenance fee accounts are typically offered (although not both).

On what accounts does Fulton Bank offer free checking?

Fulton Bank offers two checking accounts with free checking. They have a student account and a regular checking account that are free, meaning they have no fees. They also have no minimum balance and due not accrue interest.

How much deposit money for open a new account?

It depends on a lot of unknowns. In the UK, you can open a basic savings account in most banks with as little as £1.00 !

Are checking accounts with more than one person on the account frozen when one person on the account dies?

It would normally be frozen until the deceased person's estate has been wound up. It's done simply to establish how much of the balance in the joint account belongs to the deceased person's estate. Once all the numbers have been crunched - the account is usually unfrozen.

Can you deposit an international check in your American bank account?

Sure you can. Check from any bank across the globe can be deposited anywhere else across the globe. The amount of time it takes to clear the check and receive the payment may depend on which country and which bank check you are depositing. But, irrespective of which country/bank it is, you should get the money in around 7 to 10 business days. If the bank you are depositing the check also has a branch in the country from where the check originates, the process may complete a few days earlier too.

Why do banks offer no frill accounts?

Probably so that they can attract customers that prefer fewer amenities and fewer restrictions on the accounts. Often, if you get a student who zeros out his account often, while in college when he prefers that type of account, you can retain him as a customer later, when he starts to earn more money.

Also, even though no frills accounts often attract lower deposit sizes, a lot of those low deposit sizes still adds up to a lot of money.

What is the maximum amount of cash you can deposit in Savings bank account without PAN card?

Technically speaking - it is 49,999 rupees. As per the mandate by RBI, you are required to produce your PAN card if you are depositing more than Rs. 50,000 into your bank account. However, just because you need not submit PAN Card does not mean your transaction will go unnoticed. Any unusual transaction and large volume transaction will be monitored by the bank and will be reported to the RBI and Tax departments if the bank feels suspicious.

What happen if the seconary bank holder dies?

It seems like you are asking what happens when one joint account holder dies. I believe that most joint bank accounts are set up so that the surviving account holder would have legal possession of the full balance, the same as he did before the death of the other joint account holder.

Is the interest rate paid on savings accounts generally less than the rate paid on checking accounts?

Actually it is the other way round. The interest rate paid out on a savings account is generally more than that paid out on a checking account. Checking accounts offer very little or no interest at all in most countries whereas savings account offer a small interest rate.

What are all the commercials David Banks has been in?

I dont know how many, but I just did a quick search on youtube and I saw about 25 of them. Citibank, Best Buy, Coors Light, Milk, and Red Robin, pretty funny guy

Why do you think you are suited to a career within HSBC Bank and what attracts you to this business?

There are huge bank in our country. HSBC is the one of leading Bank. I want to boost up my career with leading bank. I think HSBC is the right bank to show myself. That's why I want to start with best bank in the world.

Can my husband's ex wife file any claims against my bank accounts?

Only if she thinks that you have either stolen from her or secretly (and quite possibly illegally) transferred funds from her account to someone else's account.

What are the methods of withdrawing money from a current account?

You can withdraw money the following ways:

  • By visiting the bank, filling up a withdrawal form and then handing it over to the teller
  • By using your ATM Card in an ATM Machine
  • By using a check

How do you cash a check someone has signed over to you without depositing in my bank account?

Have them either just endorse it (sign the back) with just their name or have them write "Pay to the Order of Name" and sign it. Either way, you now also sign it and bring it to either your bank or the bank it was drawn from to get cash for it.