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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
it can't be taught. you must know it in your heart and in your mind.
i dont know but i am trying to find out what a multi view point is, anybody know?
To clarify, I owe money at US Bank for a defaulted credit card with them. I have a TCF checking account. If I try to deposit a check made payable to me, and that check happens to be a US Bank check, can US Bank seize the check made payable to me even if I deposit it into my TCF checking account?
Not sure if they will see that US Bank funds are made payable to me from someone else's account.
Any insight would help! Thanks!
What is the term for money kept in a checking account?
A checking account is called a "demand deposit" because it is available for transfer to another individual or company by writing a check or draft.
What types of services and products do commercial banks provide?
Banks provide the following:
1. A safe place to deposit your money which you can withdraw anytime you want for a small fee.
2. Bank can provide you with credit card+checks+debit cards.
3. Banks can provide certain organizations with individuals credit reports.
4. banks can offer people with loans for a variety of things, ex. house, cars, etc.
What is bank and kind of bank?
bank is a financial institution establish by the government with the sole aim of provding financial assesstance to there customers.it is also an intitution extablish for the safe keep of our valuable items such as gods,certificates,money,and also financial transaction of all kinds.
kinds of bank
1 blanclas bank
2 cental bank
3wold bank
What types of services does TD Bank provide?
TD Bank is most likely known for it's investment products, namely brokerage accounts and IRAs. Of course, they also offer savings accounts, checking accounts, money markets, Certificates of Deposit, mortgages, and home equity loans. In addition, they offer a line of credit cards to consumers with good to excellent credit.
As far as I am aware, all states would require, in the example provided, ABC Sales to register Cheap Widgets as a fictitious or DBA name with the state business filing office. Once that is done, all banks I have dealt with have no problem with depositing checks made out to either name, as both are names are lawful for the business to use in conducting its business.
Can you close a checking acc when you have a neg balance?
Can a checking account be closed when you have a neg balance
How old do you need to be to open a saving account?
~A parent can start the savings account for you. It will be under your name though. But you cannot take money out or put money in yourself until you're 18.
its a kind of a loan which is extended to let the importer sell the goods, title whereof remains with the financial institution, and forthwith deposit the proceeds with the loan extending Bank in discharge of the loan. The arrangement and loan is secured through the execution of a trust receipt.
In Ohio can a credit card company place a levy on the debtors checking account for unsecured debt?
No, not wthout the court's approval. They can take away your home, auto and asests with their approval though. I know of a person in Clevland that had a $300.00 debt with Capital One that ended up paying $900.00 for refusing to pay a debt. They took that from his payroll check.
070 numbers are Find Me (personal) numbers, that redirect elsewhere.
.cc is NOT a UK domain.
It's likely all part of a scam.
SWIFT MT 100 and 102 and 200 and 205 and 201 and 202 and 299 and 203 and 202 and 204?
The MT100 is an interbank message which basically the sending bank advises the receiving bank to expect funds from the sending bank.
An mT202 is the message that follows the MT100 advising the receiving bank the account number and beneficiary to pay the funds to.
An MT299 is what is known as a 'tested' message. It is an interbank message which is secure and the beneficiary bank can act on the message.
The above is genneraly correct, depending how specific you want to be there is no MT 100 in the current SWIFT user hand book; However 100 usually refers to the range of messages from 101-199. See below
Category 1 Message TypesThe following table lists all message types defined in category 1.
For each message type, there is a short description, an indicator whether the message type requires authentication (Y/N), the maximum message length on input (2,000 or 10,000 characters), whether the use of the message requires registration with SWIFT for use in a message user group (Y) or not (N) and whether value date ordering (VDO) can be requested for the message (Y/N). Value date ordering criteria are described in the Standards MT General Information.MTMT NamePurposeAuthen.Max.
LengthMUGVDO101Request For TransferRequests to debit a customer's account held at another institutionY10,000YY102
102+Multiple Customer Credit TransferConveys multiple payment instructions between financial institutionsY10,000YY103
103+Single Customer Credit TransferInstructs a funds transferY10,000NY103 REMITSingle Customer Credit TransferInstructs a funds transferY10,000YY104Direct Debit and Request for Debit TransferConveys direct debit instructions or requests for direct debits between financial institutionsY10,000YY105EDIFACT EnvelopeAn envelope which conveys a 2k EDIFACT messageY2,000YN107General Direct DebitTo order the debit of a debtor's account and to collect payment from this accountY10,000YY110Advice of ChequeAdvises or confirms the issuance of a cheque to the drawee bankY2,000NY111Request for Stop Payment of a ChequeRequests the drawee bank to stop payment of a chequeY2,000NY112Status of a Request for Stop Payment of a ChequeIndicates action(s) taken in attempting to stop payment of a chequeY2,000NY190Advice of Charges, Interest and Other AdjustmentsAdvises an account owner of charges, interest and other adjustmentsY2,000NN191Request for Payment of Charges, Interest and Other ExpensesRequests payment of charges, interest or other expensesY2,000NN192Request for CancellationRequests the Receiver to consider cancellation of the message identified in the requestY2,000NN195QueriesRequests information relating to a previous message or amendment to a previous messageY2,000NN196AnswersResponds to an MT 195 Query or MT 192 Request for Cancellation or other message where no specific message type has been provided for a responseY2,000NN198Proprietary MessageContains formats defined and agreed to between users and for those messages not yet liveY10,000NN199Free Format MessageContains information for which no other message type has been defined
Is it legal to stop payment on a check that is going to overdraw your account?
It is legal to do so as long as the reason for writing the check in the first place was not fraudulent, and as long as you promptly take other means to make good on the payment.
What can happen if you write a check and there is no money in the account?
# The cheque would bounce # The bank would charge you penalties for issuing cheques without sufficient funds # The person to whom you gave the cheque may sue you for issuing cheques without funds.
