Commercial Bank and Checking Accounts

One of the main benefits is that if company fails, then the owners (shareholders) don't have to pay the company's debts. Only the investment (in the form of shares) that has been put into the business can be used to pay off the debts. It's also alot easier to raise capital than in a sole tradership or a partnership, as people can invest in the form of shares.

Anywhere from 5 to 7. It's mor than likely 7 if the account is new

There are pros and cons to spouses sharing a joint account. In today's volatile economic climate, it is more adviasable to have separate accounts. If you wish to have a joint account, use it as a maintenance account for paying joint bills: mortgage, utilities, groceries, etc.

The bank staff can know the bank which the cheque came from, and, if the cheque is genuine, they can know who is to receive the money. They may also know who has written the cheque by reference to the signature. Bank staff try to learn the signatures.

That's a very good question. The best bet is to simply try around at various banks. One might get lucky and be able to open an account. One might also wish to read up on their website for information.

Yes, you can also withdraw at any other bank's ATM for a 2.00 extra fee.

They can freeze the account, but thet can't keep your unemployment income. You have to prove to them that it is unemployment income by getting copies of your bank statements showing the unemployment income.

A customer may manage their checking account and keep track of its balance by either logging all transactions in the check register that came with their checks or by using online/ mobile banking. Many of the national banks have their own banking apps for Android and iPhone to help you keep track of your balance on the go, and most banks have an online banking site where you can log in securely to check your balance when the bank is closed.

A deposit of 500 is equal to -500 while a withdrawal is equal to +500. :)

you can ask me questions on twitter, @hazzarauhl. Xx

You get the earned income credit if you are 25 years of age, your income is under $52,000.00 and you are not claimed as a dependent on another persons income tax return. You may also get the earned income credit based on qualifying dependents.

Actually the services provided by a commercial bank and a rural bank are the same. They both provide bank accounts, accept deposits, grant loans etc. to its customers. The only difference between the two is the population they serve. Commercial banks serve the general population of the country that live in cities and towns whereas the rural banks serve the customers from the rural villages of the country.

my income tax return was to be deposited to my checking account but the account number was wrong so they[re rerouting it to my old address. I need to pay some bills but will have to wait until two weeks until my return comes in. My account is currently overdrawn and I need to know how much will the bank allow me to overdraw on my checking account.

When a bank honors a check for which you do not have the money, it is considered an overdraft. The bank will recover its money as soon as the funds hit your account and charge an overdraft fee for honoring the check when the funds were not present.

Yes, provided this provision is allowed by your state's laws.

Commercial banks offer services and facilities for people to manage their money, seek lines of credit, and invest the in the stock market. This allows the financial market run when money is circulated.

Normally that account would have to be closed along with any atm/debit cards attached to that account. On a joint checking account either person can close out the account and get the remaining money. A new account would then need to be opened in your own name.

The new balance in Lamont bank will be 496.16 after the deposit he made on 5 14 07 and 5 17 07 are added to his ending bank balance of 349.15.

Deposited amount (P) = 10000

Rate of Interest (R) = ?

No. of Years (N) = 12

Interest Earned Formula = P * N * R / 100

Modifying the formula we get:

R = Interest Earned * 100 / P * N

= (6600 * 100) / (10000 * 12)

= 660000/120000

= 5.5%

They earned an interest of 5.5% per year for 12 years.

The DRAWER is the individual who issues the cheque, instructing the bank (DRAWEE) to pay the recipient (PAYEE).

Drawer and payee can be the same person if it is a self cheque.

the swift code for Commercial International Bank (Egypt) S.A.E is :

CIBEEGCX001 I know that it differ from branch to branch also, for example,

Meryland branch is: CIBEEGCX(031) El shams branch is: CIBEEGCX(024) El Mohandseen branch (Gamaat El Dowal) is : CIBEEGCX004

In order to write a letter to bank manager to change personal account to joint account, you need to include all possible details. You should provide all your personal information including account number and proper identification among other documents that may be required.

A current account is one in which businesses 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.

A savings account is one in which customers save their monthly savings and they are not like the current account. Though the money is available at any time for the customer to withdraw, money is not as frequently deposited/withdrawn from it like the current account. Hence banks offer a meager interest rate for the money held in this account.

The routing number for bbva compass in Texas is 113010547.

There are several banks that offer free checking. Renasant Bank offers free checking for all individuals. I recommend them highly and suggest that you check them out at your earliest convenience.