Commercial Bank and Checking Accounts

Yes

The only real difference is that the interest on a savings account is money paid to you by the bank (usually paid quarterly by many banks). On the other hand, on a loan is money you pay the bank for borrowing their money.

The reason the bank pays you interest on a savings account is because the bank will actually use the money you give them in your savings to pay others loans. So in basic terms, they are "borrowing" your money, so they pay you interest for doing so.

you typically need your social security number and proof of identification and sometimes need to have your birth certificate.

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The accounts are suspended and if the next of kin or legal heir of the account holder comes to claim, the bank will release the account money to them. If no one turns up, the account will be made dormant and mostly after a year or so and the money will go into the banks suspense account

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It means its a deposit from national savings and investments

Youve either wonsomething - or you accidentally adjusted your Standing order to less than the £25 minimum deposit and they just redeposit it in your account

6 per month as mandated by the Federal Reserve under regulation D

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You shouldn't need proof of identity to switch to a different account with the same provider. But, if you open a savings account with a new provider, there are strict money laundering rules designed to prevent the recycling of money from drugs, crime, terrorism, and so on. The bank or building society must check you are who you say you are and that you live where you say you do, so they will ask you to provide separate proofs of identity and address. Official documents are preferred. You may need more proof for phone or internet accounts.

To whom I can report the mislead of HDFC Bank?

A savings account is one in which customers save their monthly savings and they are not like the current account. Though the money is available at any time for the customer to withdraw, money is not as frequently deposited/withdrawn from it like the current account. Hence banks offer a meager interest rate for the money held in this account.

To open a bank account in the United States you are generally required to provide proof of your identity using some government issued identification, such as a driver's license, state ID card, or a passport. You would also have to provide a social security number and your address. A passport is not required, though it would be acceptable for identification purposes.

yes

Visit a branch of your bank with the person you wish to add as a signer. The bank will walk you through the process.

A current account is one in which businesses keep some money and use it for their day to day transactions. The money in this account does not earn any interest and is available for usage to the customer at all times.

A savings account is one in which customers save their monthly savings and they are not like the current account. Though the money is available at any time for the customer to withdraw, money is not as frequently deposited/withdrawn from it like the current account. Hence banks offer a meager interest rate for the money held in this account.

You can cash it into your mothers account, and then wait for it to clear (3 business days) then withdraw that amount. Or, if your mother has the amount on the check in her account, you can ask her to withdraw that amount at the time you put in the check.

In either case, you would have to endorse the check on the back, and then write (below your signature) "Pay to the Order of" and your mothers name on the line below that. When your mother goes to put it on her account, she would endorse it below that.

So you would have 4 lines on the back of your check in the end. 1. Your Signature; 2. Pay to the Order of; 3. Your mother's name; 4. Your mother's signature.

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then keep your hand in your computer, then automatic will scan

To,

The Manager

__________ (Fill in the name of the bank and branch in the blanks)

From,

_____ (Fill in your Name)

______(Fill in your Address & Phone number)

Sir,

Sub: Reg. Lost Passbook for Bank Account ______ (Fill in the Account number)

As my passbook linked to my bank account _____ (fill in your bank account number) has been lost I kindly request you to issue a fresh passbook card so that I can keep track of my banking transactions like before.

Thank you

________ (Fill your name and sign)

Yes. The account is considered a joint account and both individuals can deposit as well as withdraw funds from the account. There is no restriction as to the individual or individuals with whom one can make a joint account.

3000 pesos for atm savings acct

10,000 pesos atm+passbook.

statutory liquidity ratio

Modern commercial banks provide both individual and corporate customers with an increasing number of financial services. Recent innovations in this industry include the introduction of credit cards, accounting services for corporate firms.

Among the first institutions created by the administration of President George Washington was the Bank of the United States. Washington's Secretary of the Treasury, Alexander Hamilton, insisted that a national bank was necessary to.