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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
Can I close my bank account if you still owe money?
When you become past due on a credit card or default on a loan, the creditor reports the information to one of three credit agencies (Equifax, Experian or Transunion). When you charge-off a checking account, your bank may report the information to a different agency; this agency is called ChexSystems. Most banks participate in ChexSystems service, by running consumer reports to qualify applicants, as well as reported delinquent accounts. If you owe another bank money and want to open a new bank account, you'll have to be resourceful.
Instructions- 1
Order your ChexSystems consumer report. You are entitled to a free copy annually; visit the ChexSystems website to make your request.
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Receive your free report by mail in seven to 10 business days. Examine the report to determine if the delinquent account is listed; if it's not, you have nothing to worry about; you can open a bank account anywhere.
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Pay off the delinquent account, if possible. It won't remove the delinquent account from ChexSystems, however, it will change the status to paid, which may help you open a new bank account.
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Visit the bank where you want to open an account. Meet with a personal banker to discuss your options. Explain your situation and furnish proof the old account is paid, if possible.
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Apply online for a bank account. Most banks allow you pre-qualify for checking accounts on their website. This will avoid any potential face-to-face embarrassment.
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Consider a credit union, rather than a bank. While most banks use ChexSystems, many credit unions do not. A credit union checking account may offer the same conveniences as a bank checking account.
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How i check ac balnce ubl pakistni bank?
In order for you to check your balance in a Pakistani bank you will have to have your account number and have it set to where you can check it online. You go into you account and click on account balances.
How can you find out your balance in your checking you do not have an online account?
Most bank have a no you can call & it's automated. For example 1-800-to wells
How do you find out the owner of a commercial building?
First, try checking the property address at the city tax assessor's office. You can visit the assessor's office in the city where the property is located. You should be able to obtain the owner's name and their deed reference. Many have online property searching available but those can be difficult to use. To find the local assessors office simply perform an online search using the town, state and "assessor's records". Or, find the city's official website and look for a list of departments.
If that doesn't work then go to the local land records office and ask the staff to help you research the property by using the address. Through a little research you should be able to find the owner's name. However, if you're trying to find the owner of a commercial property the research may be more difficult and you may need the help of a professional title examiner to determine who actually owns the property.
You can contract a real estate agent or title company to do the research for you.
You can go online and find sites such as Findpropertyowner.com or propertyshark.com.
A collection agency, or any party, can only freeze your bank account IF they have sued your first and won a judgment against you. If you file for bankruptcy, it will not immediately release the levy on the account. The court that rendered the judgment must be notified of the bankruptcy filing, as well as the judgment creditor. The account could remain frozen until the outcome of your bankruptcy. If your bankruptcy, and the judgment debt is discharged, then the bank account must be released. It is possible to release a levy before discharge, but it will usually require the bankruptcy attorney to do it.
Can a corporation have an interest bearing checking account?
A corporation that is a for profit corporation cannot have an interest bearing checking account. However, it can have an earnings credit which is similar to an interest rate. With an earnings credit the interest earned on the Checking account is used to offset monthly fees/ charges on the account, if interested earned using the earnings credit is more than the total amount of fees/ charges it is considered a surplus and does not accrue to the checking account balance. A non profit corporation such as a 501.c.3 Can earn interest on Checking accounts due to the not for profit status.
How can a bank freeze your account that is in another bank?
Yes. The bank can freeze any account that is held by a customer with the bank. But, this does not happen at the banks wish. Usually a legal order by law enforcement agencies (police or cops) is required to do so. Usually cops and federal authorities freeze bank accounts of terrorists and known malicious elements of the society.
Can you deposit a large check into your spouse's account that does not have your name on it?
Yes. There are no restrictions as to who can deposit cash into a checking account. Anyone can deposit cash into anyone else's account as long as they know the account number of the account into which they want to deposit cash. For ex: I can walk into the bank branch where you hold a checking account and deposit $500 into it if I know the account number. Nobody will ask or question me as to why I am doing so…
Since in your case it is only your spouses' account no one is going to ask you anything. But, since the amount is high (as you say) she may have to show proof of income if the bank asks her to do so.
How do you access your checking account online?
Go to your Bank's website and find its on-line banking page. Alterntaively, contact your branch to get signed up for on-line banking.
Why is a checking account sometimes called a demand deposit?
No. A Demand Deposit or Term Deposit or a Fixed Deposit (FD) Account is one in which the customer deposits a big sum of money (Usually a few thousands and upwards. There is actually no limit to the amount of money you can deposit in a FD) for a fixed duration of time (Atleast 3 months or higher). Since you agree to keep the money deposited with the bank for a fixed/agreed upon duration, the bank gives you a very good interest as payment for keeping the deposit
Checking Accounts are also called as Current Accounts. A checking account is one in which customers keep some money and use it for their day to day transactions. The money in this account does not earn any interest and is available for usage to the customer at all times.
What is the routing number of the Philippine National Bank?
*1-800-188-89100 for domestic toll-free calls (where available)
* Access Code + 63 + 2 + 89-10000 for mobile phone users or international calls
or internationally +800 2748 9100 (Universal International Freephone Number)
or,
Bahrain (BATELCO) 800-040-07
BruneiJ(TB) 801-2003
Greece (OTE) 00-800-6312-0014
Guam 1-888-557-8540
Hongkong (NWT) 800-932-634
Indonesia (INDONESIA TELECOM) 001-803-6310-032
Macau (CTM) 080-0452
Portugal (MARCONI) 800-863-012
Saudi Arabia (SAUDI TELECOM) 800-863-0008
Singapore (SINGAPORE TELECOM) 001-800-2748-9100 or 800-6363007
Taiwan (CHT-I) 00-801-631-345
Turkey (TURKEY TELECOM) 00-800-6390-010
UAE (ETISALAT) 800-0630-0017
USA 1-866-698-9100
What are some good banks to get a checking account?
Most banks have similar options for checking accounts. Often smaller local banks or credit unions offer free checking or lower required balances than do national banks. If one wants to use a larger bank, Wells Fargo is a good choice.
Why does the state bank of Pakistan issue treasury bills?
State bank of Pakistan issus T-bills for the in-take of money
Which of the following will increase commercial bank reserves?
deposits and selling of bonds back to the federal reserve.
What are the features of rural bank?
a rural bank is a financial institution that helps rationalize the developing regions or developing country to finance their needs specially the projects regarding agricultural progress.
Is there a limit to how much cash one can deposit in their checking account?
You can deposit as much as you want, that's why it's called a bank, but the problem is where you got it from can you prove it it wall legally made!? anything over 10K in Unites STATES of America is IRS investigateble!
What is meant by cash reserve ratio?
This is the amount of money that the banks have to necessarily park with the RBI. The base of this is the total of the deposits that a bank has. The RBI pays the bank interest on the amount parked with it. The portion (expressed as a percent) of depositors' balances banks must have on hand as cash. This is a requirement determined by the country's central bank.
Where can you get a checking savings account?
You can open up a checking account at almost any bank. Some banks have age limits, where you have to be a certain age or have a parent cosign the account with you. I would call your local bank and ask what their requirements are. They often requirement a specific opening balance.
The role of Management Accounting?
Management accounting focuses on the books. Management processes is concerned with operations and meeting the organization's objectives. Management processes covers accounting management as well.
Who is the present CEO of bank of baroda?
Shri M.D. Mallya is the chairman of Bank of Baroda. He has been the chairman and managing director of the bank since May 2008. Shri Rajiv Kumar Bakshi and Shri N.S. Srinath are the Executive Directors of the bank. There are 8 other members as the board of directors of the bank.
Are online bank accounts safe to use?
online trading refers to buying and selling via the Internet. Online investing is safe, quick and easy. With one click of mouse you can buy or sell stocks.
you can visit http://hyipworthy.com for more info about online investment.
What does chg mean on bank statement?
Chg in banking terms may refer to a Charge or a Fee that a bank may charge your bank account for some reason. For ex: If the minimum balance requirement in your account is Rs. 1000/- and you fail it, the bank may go ahead and charge you a penalty fee (as per the account opening agreement) on your account. This will reflect as "Chg" in your statement.
How do you check NCB bank of Saudi Arabia account balance through online?
How to check my account number? I have my atm card number
How do you find the true balance of your checking account?
To balance off the account, we look at the side which is larger than the other, make both sides balance by taking the difference between the higher and the lower figure to the side which has lower value and the figure is entered against balance carried down or "c/d". This means the two sides balance then the figure is taken to the opposite side and entered against balance brought down or " b/d' to begin the list of transactions for the following period.
What happens if a bank account is levied but there are no funds in the account?
if there are no funds in the account they cant take anything. i know because i had the same problem. you actually have some rights when it comes to levies on your account. if you receive any form of government assistance or disability they cant touch it. you also have a 10 day grace period from the time money is deposited to the time it can be levied.
