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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
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.
Do you have to be 18 to have a checking account?
Yes it is required by law that you are 18+ to have a checking 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.
Can you put auto loan in checking account?
Assuming I've understood the question properly, no you cannot. You don't get handed a big pile of cash to do whatever you want with when you get an auto loan. You get a piece of paper saying that you've been approved. When you pick out a car, the dealership gets the money directly from the bank and sends them back the title. You never have the money, so you can't "put it in a checking account."
Now, there's a possibility that you're talking about a secured loan, in which you're putting the title of a car (or some other asset) that you already own up as collateral for a loan. In that case you DO get cash (well, probably you actually get a cashier's check) and you can do whatever you want to with it... you can pay your mortgage, buy a new TV, put it in your checking account, or just get naked and roll around in it; the finance company doesn't really care, because paying it back is your problem and if you don't do it they'll take your car.
How can your checking account have a current balance that is lower than the available balance?
Current balance may be reflecting beginning of day balance while other credits posted during the day giving you a higher immediate available balance
How can a person have a DDA account But no checking account?
i was wondering bout the same thing at first til i asked. it still depends on the company youre working for. i myself dont have a checking account but get my pay as direct deposit. they wire it through my savings account instead.
Can wife sign check on husband checking account?
Only if the account has her a a signatory.
Otherwise it is forgery and illegal
What are penalties for writing checks on closed account in Illinois?
Fees and/or jail time await anyone that knowingly writes checks from a closed account...
What information does a bank see when opening a new account?
Since banking channels are being used by terrorists to convert illegally obtained money into legally accptable money, on recommendations of G8 countries, "Know Your Customers (KYC Norms)" have been introduced in India by the RBI. Accordingly while opening an account, the following PROOF OF DOCUMENTS are to insisted by the commercial banks.
1. Customer Acceptance Policy: According to which no accounts should be opened in ficitious name. Hence the address proof is sought from the prospective applicants before an account is opened. In addition to this, the nature of business activity, location of the customer and his place of business, mode of payment, volume of turnover, financial statements, etc., are also insisted in cases of business people who want to open current account in a bank.
2. Customr Identification Procedure: Documents which help to identify an applicant is sought for identification purpose. These documents should help a bank to identify any customer at any point of time. Hence sufficent information is obtained from the applicants before opening an account. This information will be useful for banks for Risk Profiling the customer based on the expected pattern of transacations. Examples of identification proof are : Voter ID, Passport, PAN Card, Driving License, Identificatiion cards issued by Companies of repute, Ration Card, etc. which contain photos of the applicant as well as residential address.
3. Monitoring Suspicious Transactions: After opening the account, the burden passes on to the frontline banker who is expected to keep a close watch on the transactions of customers and if there is any suspicious transctiions he should bring it to the notice of the Money Laundering Officer at the Controlling Offcice of his bank. If satisfied, the MLO will conduct an investigation into the matter and ascertain if the transaction is a monely laundering one or not.
4. Risk Management: Using different techniques to manage the risks. Normally as per RBI guidelines the customers are grouped into low, medium and high risk customers depending upon their transacations and socurce of income. More concentration will be bestowed on high risk customers by the bank.
How do you take a person off your checking account?
Call your bank. Each bank's policies may vary. An easier solution would be to withdraw your money, then open a new account in your name only.
How do you have your personal account?
Very easy. Go to the bank taking all your documents along with you, look for the new accounts department, and tell to the officer that you want to open a personal account.
Depending on the bank you have chosen, you may follow some procedures that is simple. When entering the bank you have to get a ticket with a number. (someone will help you with this) .
Can we deposit monthly installment by transferring the amount from bank account to rd account?
we can do briton hhxjjkhjkhkjhfgjk
Can the husband tke money from the joint account and open a separate account?
The simple answer is yes, but you may want to let your spouse know about what you intend to do before you do it. Otherwise, there may be confusion that could cause headaches and time wasted clearing things up. You may want to check the details about any specific accounts you may be interested in, but there are accounts out there that allow you to have joint and/or separate accounts through a financial institution.
