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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
What is a typical number for a contra account?
Contra Accounts are typically numbered near or right after the normal account. 5010 Revenue 5011 Returns
Asia united bank
bank of commerce
BDO
east west bank
export & industry bank
Philippines bank of communication
A PF account is a long term savings account that employees of an Indian company may contribute to. In most cases the financial institute can provide balance information in house. You may also be able to check it online.
What is the maximum amount of cash that can be withdrawn from an ATM at a time?
It depends on the limit placed on your debit card.
Can you open a checking account and have someone else's name on the checks?
You can but you both will be on the checks aswell as the both of you need to be on the account too.
How do you remove one joint account holder?
Speak with the bank rep or bank manager; and have them remove the person as a signer to the account and then you will have to resign a new signature account.
wow I have the same problem too and it been there for 2 weeks now!
In what circumstances a cheques may be dishonoured?
A bank may return cheque unpaid on the following
conditions: insufficient fund in the account, if the bank
gets information about the death of a customer, when
the check is stale, irregular signature, refer to drawer,
amount in words differs from amount in figure.
What are the Qualities of a good salesman?
A good salesman will have good people skills - a good personality, friendly, the ability to communicate effectively and be a good listener. He needs to be knowledgeable about his products and be able to explain the features and benefits of what he is selling. He needs to be able to answer questions and overcome objections. He needs to know when is the right time to ask for the sale and he needs to follow-up with potential customers.
Online opening saving account?
http://personal.fidelity.com/global/search/inquira/resultsindex.shtml?question=checksmart
ING Direct is my favorite. I love their ease of use, advanced functionality and higher than average interest rate. See the link below.
I need Information on the royal co-operative collecting society?
My mother-in-law has policy documents for Royal Co-Operative Collecting Society and the
Stamford Mutual Insurance Company Limited.
According to another Wiki answer the "policies for both of these companies are administered by Phoenix Life Limited, Policyholder Services, PO Box 30, Liverpool, L69 3HS."
If she was not on the account the bank should not have done any of this in the first place. You should check with your bank and as well as speak with a lawyer to see where you go from here. See the Bank Manager about them getting the money back from her and sue the bank! She had no right to change anything about the account if her name was not on it.
Is depreciation expense under administrative expense?
Depreciation expense can be allocated to Administrative Expense or Selling & Marketing Expense or even to Cost Of Goods Sold. The amount of allocation and how that is done is specific to the type of business or industry.
What is a negative collected balance?
Negative collected balance is a term used in accounting to describe accounts that are cannot be collected on. This means that they have tried several times to collect the balance and have been unsuccessful.
Is universal banking is also know as commercial banking?
Yes, Universal banking is commercial banking itself. However, Universal bank does more than a commercial bank. Universal Bank are what we call the "expanded commercial bank" (EK). Commercial banks are limited to allied banking only whereas a universal bank does allied and non-allied banking transactions.
What is three column cash book?
Please differentiate for me the following types of cash books. * Three column cash book * Analytical petty cash book * the imprest system of betty cash * posting petty cash to the ledger Looking forward for your assistance. Thank you. A three columnar cash book is that which consists of three columns Cash, Bank and Discount Date Particulars L.F. Cash Bank Discount Date Particulars L.F. Cash Bank Discount 2 sides Debit (left) Credit (Right)
How can you compute the average ledger balance and average collected balance on your bank statement?
Ledger balances are those listed on the bank's books, while collected balances equal ledger balances minus float associated with the account.
Are savings accounts reg cc regulated?
Regulation CC applies to all banks & credit unions, but it only applies to transaction accounts. Nontransaction accounts, such as savings accounts, CDs, share accounts or membership accounts, are not governed by Reg. CC. So Regulation CC does not apply to them; only to checking accounts.
Can a bank freeze your personal account for a business reason?
Yes, it's possible, especially when you owe banks alot of money, or are charged with graft or corruption.
Money market accounts (MMAs) are a form of savings account that resemble checking accounts in several ways.
Can one signature deposit a joint check?
If the check says you or the other person. If the check is made out to you and the other person both of you need to sign it.
What is a passbook savings account?
Passbook savings account is the savings account where all record of credits and debits, including deposits, withdrawals, and interest, are recorded on a passbook usually kept by the account holder. Passbooks are routinely updated with the necessary information by the bank. This type of account is well suited for those depositors who transact infrequently on their account and who don't have a need for a monthly statement.
