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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
I just read the list in the newspaper and was surprised to see the federal offices and post office are closed. Some schools are too, but that depends on the individual school.
Who is the World largest financial group in the world?
Based on the National Information Center, a website sponsored by the government, J.P. Morgan Chase and Company is in first place of the top 50 holding companies as of 03/31/2013. Their place is supported by the amount of their assets which exceed 3.3 billion dollars, the highest in this top 50 category.
How to check bank of maharashtra saving account?
Sure. If you own that account, you can easily check your account balance by
a. visiting your bank branch or
b. using your ATM card at your banks ATM Machine or
c. call up customer care or
d. use internet banking
What online banks offer free checking?
A good online banking website to create an online checking account would be www.chase.com, or www.comerica.com. These sites are fully functional on-line, and you can set up a new checking account in a matter of minutes.
$16,105.10 if compounded yearly,
$16,288.95 if compounded semi-annually,
$16,386.16 if compounded quarterly,
$16,453.09 if compounded monthly,
and $16,486.08 if compounded daily.
What is financial institution?
Financial institution is an institution that deals with financial transaction.
What banks offer bank accounts for bad credit?
Getting a bank account is no longer a quick and easy task, especially for people with bad credit. Most banks in the US offer what are often termed 'second chance' or 'fresh start' banking accounts for folks in this situation. The downside is that they usually charge maintenance fees but on the positive side, the customer can generally 'upgrade' to a regular account after a period of time.
Can a minor open a checking account in the state of Alabama?
Yes, definitely. But, the minor would need his parents or legal guardian to be a joint applicant and holder of the account. Banks will have no problems giving you an account as long as an adult is a co-holder of the account.
What does handyway mean in a bank statement?
My understanding is that 'handyway' is an eftpos or banking facility that small businesses use? I noticed it when I purchased from a florist and a few other businesses (Sydney Aust).
All SS benefits are exempt from private creditor action (benefits may be garnished for back alimony, child support, unpaid federal taxes and amounts due other federal agencies), most pension/retirement plans are also protected, although it is possible to garnish a portion of certain types. In regards to a bank account, if the account(s) are within the U.S. and are not held by a married couple in a state that recognizes TBE protection; the accounts could be subject to creditor levy if said creditor was awarded a lawsuit judgment. As an aside, any non-exempt property belonging to the debtor could be seized and liquidated or if real property be subjected to a lien(s)and possibly a forced sale. The debtor/defendant does not have to present in the U.S. to have a creditor lawsuit initiated and ruled upon, the defendant can have a default judgment entered against him if the plaintiff prevails.
It is important to note that once a Social Security payment has been deposited into a bank account (either by check or direct deposit) it is no longer protected.
How old can you be in order to open a checking account with a parent if you are underage?
I opened an account for my child (checking @ 15 years old, his name on checks not mine) and grandchild when they were only 6 months old. For no charge. It was a trust account but when they became of age I converted it over to them. Hope this helps silverpenny
A checking account is a service provided by financial institutions (banks, savings and loans, credit unions, etc.) which allows individuals and businesses to deposit money and withdraw funds from a federally-protected account.
How do you know that account is activated in bank?
One way of telling if your bank account has been activated is when you receive your credit card/ATM card. When you go to purchase an item with your bank card, the machine that is processing your order may deny your purchase or accept it. If it denies it, that means your account has not been activated yet. If it accepts it, that means your account is activated.
You can also go on-line and open an on-line account with your bank.
Call your back to see if your account has been activated.
The recommended method you should use is the initial method listed above.
What is the meaning of cas pres chq printed on a bank statement?
The code CAS PRES CHQ is typically used when a check was given to transfer money to another person. This code may appear on an online bank statement up to 72 hours before money is released to the intended recipient.
Are free internet checking account safe to use?
Most legitimate internet checking accounts are safe to use. As with any site that processes personal information, just make sure it is a secure site by checking the beginning of the website address for 'https'.
What should I ask when opening a checking account?
Just visit any bank that you would like to open a checking account in and sit at the new account desk. The person sitting at the new account desk would show you a brochure of all sorts of checking accounts and their fees. Some doesn't have fees if the place you work at offers direct deposit.
Do banks charge for checking accounts?
It depends on your bank, and how much service you want. There are direct banks like ING Direct and Ally which charge nothing for their checking accounts, and they even pay interest on your average balance every month. As for the major banks where you deal with branch employees, a bank may offer different types of checking accounts: some cost money no matter what, others may waive monthly fees or be completely free.
Example: Bank of America offers an account called the eBanking Account. It usually costs $8.95 a month, but the fee is waived if you opt-in for electronic statements and you make deposits using ATMs or electronic transfers. Essentially, it is a self-service checking account where you deal with tellers only when you have a problem with your account.
Who is responsible for checking the fire exstingisher on a monthly basis?
The property owner is required to have the fire extinguishers inspected monthly. This task may be delegated to a private contractor or to a Facility Manager, but the owner remains responsible for having it done properly.
The owner is responsible for inspection and maintenance of fire extinguishers, as well as keeping monthly and annual records.
The owner of a facility is required to inspect fire extinguishers monthly and to keep proper records of the inspection. This duty may be delegated to the staff or to a contractor, but the owner remains responsible.
Can you give your bank account number to someone?
No. Sharing of sensitive information like bank account number or credit card number is not advisable. These are information that must be kept safe/secret and should be shared with family members and only trustworthy individuals.
A post-dated cheque is a cheque, on which a future date appears and not a current date. For example, if today is 01/01/2012, then a cheque which bears a date (say) 15/01/2012 is a post-dated cheque, till that date (15/01/2012) comes. In other words, till 14/01/2012 this cheque will be considered as post-dated cheque. That is, the future date has not yet arrived (till 14/01/2012). On 15/01/2012, the cheque will be no longer a post-dated cheque, but becomes a current dated cheque.
In India, a cheque should be presented for payment on or after the date that appears on the face of the cheque. This date is also called ostensible date.
A banker cannot a pay a post-dated cheque as he has no mandate to debit the account of the depositor earlier than the date of the cheque. In other words, a post-dated cheque should not be paid and should be returned to the holder with the reason, "Cheuque is post-dated" as the payment of a post-dated cheque is fraught with dangers. Since payment of a post-dated cheque, as per Section of the 10 of the Negotiable Instruemnts Act, 1881, is not a payment in due-course, many banks in India will not make payment of the cheque.
If any defect in the title of the payee is found later, the banker cannot claim protection and should make good the loss to the ture owner.
M.J. SUBRAMANYAM, BANGALORE
Can you still deposit or cash a check that you signed over to someone?
Yes, as long as you are the payee, which is the person the check was originally written to. all you need to do is put a line through the endorsement that indicates it was signed over, which usually is "pay to the ordr of ..." and then initial. It is also a good idea to write deposit only to your account number below the crossed out endorsement.
Does ING Direct have full service checking?
ING does offer a checking account. It is called Electric Orange. It is not your typical checking account; everything is handled online as they do not have standard physical locations. They have online bill pay, and check pay as well.
What are some of the advantages of setting up checking accounts online?
Online checking accounts are very beneficial. Bank customers typically have access to all physical banking products on-line. They can check balances, pay bills, apply for loans and much more all from the comforts of home.
What are the fees for a Chase checking account?
Maintenance fees vary by bank. Many offer no-fee checking with limited benefits. You should contact your bank of choice for a complete disclosure of fees associated with their checking accounts.
How many 100 dollar bills are in a bank bundle?
There are 100 US hundred-dollar bills in a $10 Thousand Dollar Bank Strap that is shipped directly from the Federal Reserve to all Financial Institutions, whether it is a Credit Union or bank. Most financial institutions receive a weekly shipment of cash from the Federal Reserve, unless there is an emergency requiring a special shipment, for example if a branch location were running low on cash.
