Commercial Bank and Checking Accounts

Factors provide financing on accounts receivable by discounting accounts receivable on a non-recourse basis. Upon buying the accounts, the factor assumes the position of the seller--including the risk of default and credit losses

No, you cannot deposit a business check into a personal checking account. You can only deposit a check into an account that shares the same name, i.e. A check is made out to ABC company--it can only be deposited into an account that is titled ABC company. It cannot be deposited into a personal account--even if that is the personal account of the owner.

only if you own waffles

I sent a transfer of 50pounds with my details so i could put into a persons account but they not receive it

yes bank account is personal account

Yes. If you want to get out of a joint account, you can contact the bank and submit a written request to be removed as a joint holder of that account. The other parties involved in the joint account have to approve your removal from the account, only then the bank will complete the formalities.

it depends how big the starting hill is

Banks make money by lending loans out of the money we deposit with them. In case of a regular savings account, you can withdraw your money anytime you want. So the bank cannot effectively use this money to make profits themselves. But, in case of a Certificate of Deposit the bank knows that you will not withdraw the money until the stipulated deposit period, so they can effectively utilize this money to make a profit and therefore share a percentage of the same by means of a higher interest rate.

peKk u

Liquidity means a bank is able to pay its financial obligations. The main cause of liquidity problems comes about because of constantly changing deposit amounts. This is one reason it's in a bank's best interest to offer customers perks to sign up for direct deposit.

With the above noted, the primary cause of liquidity problems in commercial banks relates to that institution's unsuccessful business strategies. Along with this we often find far too many nonperforming loans. This normally means that the bank has not done good work in their research and their credit departments need to revamp on the criteria they set for making loans.

Confirmed with the royal bank of Canada and it I'd ok to write a cheque in any color as long as you can read it.

a bank, a savings and loans office or a co-op. these are places where you can open a chequing or a savings account or both.

The Balance, SOME info used to set up the account, and your banker

Generally visitors to Canada can not open any account in here. The same is case with all countries. A person who is a visitor and plans to reside in a country only for a short term cannot open a bank account.

Bank account facilities are granted only to individuals who plan on residing in a country for a longer period of time (atleast 6 months or more) or people who have come to work in the country on a workers permit (in this case irrespective of the duration of stay)

First you request for an internet banking login id. The bank would send you your login id along with a temporary password. Once you login to the banks website for the first time, it will prompt you to change the password. Once you are done, then you can use this login id and password combination to logon to the banks website and view details of your bank account anytime.

Checking or Share Draft Account

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Commercial banks are the regular banks that provide basic banking facilities to its customers. Some of the facilities you can get from a commercial bank are:

a. Checking/Current account

b. Savings accounts

c. Internet/Mobile Banking

d. ATM Cards

e. Check Books

f. Deposit Accounts

g. Loans

h. Credit Cards etc.

What is nwd

The Central Banks of the nation is usually called the banking watchdog. Since they supervise and oversee the operations of the various banks in the country and ensure that customer/citizens interest is protected, they are called the banking watchdogs.

Ex: Reserve Bank of India - in India, Federal Reserve - USA etc.

It is an enterprise that is not specified as an allied one. There is a lot of confusion with non-allied banks and their laws.

ERROR OF OMISSION is an error which occurs as a result of an action not taken. In accounting, the error occurs when both the entries required for a transaction are completely omitted from the books.

No. A check can be deposited only into the account of the individual to whom the check is made out (issued) to. Depositing it into someone else's account is not allowed and even if done by mistake, the check will not be cashed and no payments will be made.

No. it is not mandatory to have a joint account with your spouse. If you feel, you no longer wish to have your spouse in your joint account, you can let them know and then contact the bank to remove their name from the accounts joint holders list.

yes 16 digit number