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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

Is a fiduciary account and an estate account the same?

A fiduciary is one who owes a duty of good faith, trust, confidence and a high standard of care in managing the property and money of another.

An executor or administrator of an estate is a fiduciary. Therefore an estate account is also called a fiduciary account. The short answer to your question is yes.

How old do you have to be to make a savings account?

To open one without a co-owner you would need to be the age of majority in your jurisdiction, which is usually 18.

Most banks offer minor savings accounts and/or teen accounts, which can be opened at nearly any age as long as an adult "guardian" is also a signer on the account.

Is anyone else check your bank account?

No. Only an account holder can check his/her bank account. If anyone else gains access to your account without your written consent, it is illegal.

In the epay function how can you make a payment in june from your checking account but use your savings account for my july payment?

Unless it says otherwise* in your terms and conditions, you cannot make a payment from a savings account- there is a law concerning both number and nature of withdrawals. The best thing to do is to transfer money from your savings into checking, then schedule the payment from your checking account...

* usually if it does say otherwise, then it's not a savings account. If it is, you have the one bank that is able to skip that part of the law controlling personal bank accounts.

Finance trust bank sa Istanbul?

Sayın Yetkili

Bir fon hakkında bilgi almak istiyorum.

Dr Al-Ahia Nasır Hassa'a ait Deposit this day 24th Feb 2007 Deposit No:PBS/MJC-02009/XR0002

3.500.000. USD

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Cep Telefon Numaram : 0 555 551 33 88

What banks in Cincinnati got second chance checking accounts?

Cincinnati Central Credit Union

There are many banks that offer promotions for checking accounts for people with negative markings on their chexsystems report. A free consumer organization called "Bad Credit MD" has a pretty large list of them at http://www.badcreditmd.com/second-chance-checking-account/

A personal account cannot be opened in?

One place in which a personal account cannot be opened is the Reserve Bank of India.

What is a letter to send a bank manager for a bank statement?

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. Request for a Statement on the Account ______ (Fill in the Account number)

As I need a statement of transactions on my bank account _____ (fill in your bank account number) could you kindly arrange to provide me the same. The Statement is required for the following dates. Date From & Date To (Fill in the dates)

Thank you

________ (Fill your name and sign)

What should we do to close our deceased mother's account that's a joint account with my brother and I?

If the account is a joint account with your mother, you and your brother, the surviving joint owners can close the account and share the balance. When the account was opened the three of you should have signed signature cards and all names should be listed as account owners. One or both of you should be able to simply make a withdrawal of the balance and close the account.

Diffeence between wholesaling banking Vs retail banking?

Wholesale banks offer services to large organizations including deposit accounts, loans, treasury management services, institutional trust services, merchant services, payroll, etc. They are usually much more complex banking relationships than retail banking relationships. Retail banks offer services to consumers and small businesses including checking and savings accounts, loans, mortgages, etc. Most commercial banks in the US offer both, but they are separate divisions of the bank.

What is the minimum maintaining balance for bpi family savings account?

BPI Family has different types of Savings account (Maxi-saver, Jumpstart, Savings Account w/ life insurance & Express Teller) and each type has it's own requirements. If you are asking about Express Teller Savings, the required monthly ADB is Php1,000.00. To earn interest, the required daily balance is Php3,000.00. Hope this info helps.

I wrote out a check two months ago and now i have closed the account and they still have not cashed the check?

When whoever you wrote the check to deposits it into their account, it will be returned by the bank you had your account at because it is not longer open. Then they will probably try to collect the funds from you, and probably charge you a bounced check fee.

Talk to the person to whom you issued the check and ask them not to cash the check because:

  1. You will end up paying check bounce charges
  2. It will spoil your credit history
  3. You are liable to be legally charged for issuing bogus checks

Why is a bank account important?

Many people disdain banks, opting to keep their personal savings hidden within the home. These people even cite that saving under a mattress is no different than having a bank account since interest rates are so terribly low.

However, banks and credit unions in the USA are protected by the FDIC, a federal agency that insures customers will not lose their money if the bank folds. This protection is far better than hiding money at home and having it stolen, with no one to insure you'll get that money back. In fact, most money taken in home break-ins is never recovered. To put this into prespective, let's say you saved $1,000.00 and put it in a shoe box at the back of your closet. You never think your best girlfriend would ever take it, but she happens to see it while you're showing her your new shoes; later, she steals your money. You now have -0- cash. However, if you had your money in the bank, and the bank folded, you'd still have your $1,000.00.

A checking account also is much more convenient for bill paying. Online banking makes this monthly nuisance even easier. Many merchants and online merchants require a bank account and a debit card if you have no credit card. Actually, with interest rates climbing on most credit cards, a simple debit card and checking account will cost you far less on each purchase plus over time.

How do you write a letter to bank manager for cancel a pay order?

ROCKET/SBI/13-14/

July 4, 2013

Fax No.-------------

The Branch Manager

State Bank of India

14/7 Nariman Point

Mumbai 585 487

Ref.: A/c No.CC --------------------

Dear Sir,

Reg : Cancellation of Pay Order

Please cancel the Pay Order No. ------ dtd. 01.07.13 for Rs. -----------/- (Rupees ---------------- only) issued in favour of UBI A/c Commissioner of Customs payable at Mumbai and credit the proceeds to our CC A/c ------------------------ maintained with you.

Thanking you,

Yours faithfully,

For Rocket Sales Ltd.

Authorised Signatory

http://stabnet.blogspot.in/2012/07/pay-order-cancellation-letter-to-bank.html