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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

How to cash a non negotiable money order?

to get a moshling on moshimonsters you need to get seeds at the seed cart or super seeds. next, go to the map and click on your garden. then, you press the red sack and put the seeds in the holes. wait for them to grow. when they are grown all the way there should be a moshling!

p.s. your need 3 seeds

Difference between cost control and cost reduction?

As the name implies (Cost control) is the a focused control of costs that impact on a business i.e. Maintain spending for equipment within the agreed budgets, purchasing raw materials within the budgets.

Cost reduction, again as it implies is the actual focus to reduce costs to a company i.e. the sales are poor and therefore there has been decision made to make savings across a department or company to ensure that profits are maintained. this is done by looking for all areas of expenditure and investigating these areas to see if financial savings may be made without causing the company any operational problems.

Is commerce bank of Philippines geniune?

1.Ccommerce Bank of Philippines is a fake bank. They give me one website address, which is fake. When I charged them that please give me correct website address then they give me another means website address and said that this is under construction. They sent a mail in behalf of Shell Petroleum Development Corporation, Hong Kong, China and give me a certificate also of US$1000000.00, and they said me that this amount will be credited in to my account within 4 to 5 days. After 5 days when I chess them they said that I have to pay US$999.00 for that tax, contact me with the INLAND REVENUE GENERAL'S OFFICE. I contact them but they also said the same. I said that I couldn't pay any amount to you and ask them How will I believe you? thay didn't give me any answer upto now. So don't trust the COMMERCE BANK OF PHILIPPINES, INLAND REVENUE GENERAL'S OFFICE OF PHILIPPINES and also SHELL PETROLEUM DEVELOPMENT CORPORATION. I am a experience holder, so I suggest that you don't believe those companies and that type of emails.

2. I also another from Bangladesh. I received an e-mail from China about my wining prize money from Commerce Bank of Philippines. I received like this mail from T.T Section of this Bank and they advise me to send my accounts details and some documents for my payment (US$500,000.00). I think my one also false.

What is cash deposit ratio?

Cash deposit ration is the amount of money a bank has available for a customer to withdraw. This is a certain percentage of the total money paid into the bank.

Letter of credit journal entries?

To get a letter of credit journal entries you must write to the accounting department. It is important to include the reason for the letter, so that you can get the information you request.

Difference between investment and commercial bank?

Investment banks provide financial services that are geared toward raising capital such as underwriting, issuance of securities, assisting in Mergers and Acquisitions, and investment management. Unlike commercial banks, they do not take deposits. While investment banks make their money by charging fees for their services, commercial banks earn their money by charging higher interest rates on loans than what they pay for people's deposits.

What items do you need to add and what items do you need to subtract when reconciling a checking account bank statement?

You need to include and add up any unposted deposits. If the account is interest-bearing, you add the interest to the net balance.

You then subtract all paid checks, fees/fines, check charges, check purchases (to obtain checks), etc. Lastly, any unposted checks need to be subtracted to reconcile with your personal check ledger.

What is the swift code for People's United Bank?

January 2012: According to the website of People's United Bank, QUERY=swift+code , the Connecticut's bank SWIFT address is IRVTUS3N. PUB's website should have clarified that this SWIFT address actually points to the BNY Mellon bank - in the SWIFT system, BNY Mellon indeed acts as intermediary for PUB. For wire transfers into PUB, use IRVTUS3N and specify in the appropriate place PUB's "routing number" and the PUB account number that you want to wire money to. This also means that you may have to pay service charges to PUB and BNY Mellon when you use SWIFT to transfer money to a PUB account.

Can someone press charges against their spouse for using their individual checking account in Florida?

If the spouses name isn't on the account, it's illegal. If the spouse signed your name, it's forgery.