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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
Where can you get anti terrorist certificate?
By staying well away from Nigerian scams!!!
They'll fleece you bit by bit, even taking the shirt off your back if you'll keep pandering to their stories.
The psychology of the scam is that they start by asking something small - say, just $250 to send you the millions ... then you need to have it insured, they say: another $400. Then before you know it, the story is: the consignment was stopped by police who [supposedly] want $1,000s for Clearance certificates of various kinds and shades. Then, because you have invested 1000s, they know you've started to commit yourself and won't stop!
So, before you're finished, you've lost tens of 1000s of dollars, OR it has cost you your house, your family and your business - you've lost everything, and the millions are supposedly, still sitting over there in Nigeria, and you're sitting right where you've been doing for the past 10 years - but no money and no life!!
The real terrorist was the Nigerian or other scammer who sent you the scam in the first place!!
Avoid at all costs.
I also want to add the following case: I am receiving email for job lucrative offers and other benefits that makes any excited. The sender is tying everything now to Anti-Terrorist Certificates obtainable for 1200. I believe it's a scam. In fact after reading all your answers, I am becoming sure this is a scam. I am not falling for it yet. I will not make the payment nor discuss much further with the sender.
And by the way: the sender this time is not Nigerian, he is Chinese.
I had a black African scamming form Malaysia - claimed he had 6 Million that he escaped from Iraq with before the war broke outLOL!
Others scam from Libya, Northern Ireland, South Africa, UK, Asia and USA.
Take no notice of them, unless you like giving away tens of $1000's to crooks!
It is like gambling: once you send the first or second amount of money, you become hooked and committed to seeing through 'the job'.
Don't send anything in the first place.
There are other scam arrangements, where they claim to be sending actual trunks or cases of real greenbacks. The joke is that even the very FEW times they Do have money, it is all coated in special stuff to prevent theft and it [supposedly] costs $100,000's for the real solution to remove it. Of course, you never see the solution eitherLOL!
Just stay away from these promises altogether.
Can a bank open a checking account without customers knowledge?
At my bank, it is possible to do this but it's not recommended. It is up to the banker opening the account to make this exception. Many times it happens when the customer is setting up a direct deposit to the account. Also, the banker makes no incentive pay on a zero balance account, so it's extra time and work with no additional pay.
What do you mean by scheduled and non scheduled commercial banks?
Scheduled Commercial Banks In India The commercial banking structure in India consists of: Scheduled Commercial Banks in India Unscheduled Banks in India Scheduled Banks in India constitute those banks which have been included in the Second Schedule of Reserve Bank of India(RBI) Act, 1934. RBI in turn includes only those banks in this schedule which satisfy the criteria laid down vide section 42 (6) (a) of the Act. As on 30th June, 1999, there were 300 scheduled banks in India having a total network of 64,918 branches.The scheduled commercial banks in India comprise of State bank of India and its associates (8), nationalised banks (19), foreign banks (45), private sector banks (32), co-operative banks and regional rural banks. "Scheduled banks in India" means the State Bank of India constituted under the State Bank of India Act, 1955 (23 of 1955), a subsidiary bank as defined in the State Bank of India (Subsidiary Banks) Act, 1959 (38 of 1959), a corresponding new bank constituted under section 3 of the Banking Companies (Acquisition and Transfer of Undertakings) Act, 1970 (5 of 1970), or under section 3 of the Banking Companies (Acquisition and Transfer of Undertakings) Act, 1980 (40 of 1980), or any other bank being a bank included in the Second Schedule to the Reserve Bank of India Act, 1934 (2 of 1934), but does not include a co-operative bank". "Non-scheduled bank in India" means a banking company as defined in clause (c) of section 5 of the Banking Regulation Act, 1949 (10 of 1949), which is not a scheduled bank". The following are the Scheduled Banks in India (Public Sector): State Bank of India State Bank of Bikaner and Jaipur State Bank of Hyderabad State Bank of Indore State Bank of Mysore State Bank of Saurashtra State Bank of Travancore Andhra Bank Allahabad Bank Bank of Baroda Bank of India Bank of Maharashtra Canara Bank Central Bank of India Corporation Bank Dena Bank Indian Overseas Bank Indian Bank Oriental Bank of Commerce Punjab National Bank Punjab and Sind Bank Syndicate Bank Union Bank of India United Bank of India UCO Bank Vijaya Bank The following are the Scheduled Banks in India (Private Sector): ING Vysya Bank Ltd Axis Bank Ltd Indusind Bank Ltd ICICI Bank Ltd South Indian Bank HDFC Bank Ltd Centurion Bank Ltd Bank of Punjab Ltd IDBI Bank Ltd The following are the Scheduled Foreign Banks in India: American Express Bank Ltd. ANZ Gridlays Bank Plc. Bank of America NT & SA Bank of Tokyo Ltd. Banquc Nationale de Paris Barclays Bank Plc Citi Bank N.C. Deutsche Bank A.G. Hongkong and Shanghai Banking Corporation Standard Chartered Bank. The Chase Manhattan Bank Ltd. Dresdner Bank AG.
Can you open a savings account after filing chapter 13 bankruptcy?
Most banks these days run credit checks to open an account, as well as checking with ChexSystems. It is easier to get an account with a bad credit score than with a negative Chex report. It is recommended that you do not try to open the account over the phone. Otherwise, a secretary runs your social security number thru their computer, and if the score is below a certain level, it just says no. Go into the bank, and talk with the branch or assistant manager. If there was a good reason for the bankruptcy (loss of job, health issues, etc) the manager has the ability to override the computer's answer, though your account will be monitored closely for awhile for NSF activity. If you have been reported to Chex, there are a few banks arund the country that will still open an account, if you're lucky enough to be in their state. You can find these lists on the Internet.
How do you transfer funds to a checking account?
If you have funds in a savings account preferably in the same bank, you can do it online, at a branch or at the ATM. If you have a savings account at another bank, you can withdraw money from that other bank and deposit it into your checking account.
Basicaly you have to have a "back up" account in order to find the checking account.
What year was the ATM invented?
Asynchronous Transfer Mode (ATM) is an electronic digital data transmission technology. ATM is implemented as a network protocol and was first developed in the mid 1980s. The goal was to design a single networking strategy that could transport real-time video Conference and audio as well as image files, text and email. Two groups, the International Telecommunications Union and the ATM Forum were involved in the creation of the standards.
-Adapted from wikipedia
-from Cj
How do you check balance in BPI account using PC?
To check a balance inquiry it is first necessary to log into the BPI account. After logging in, go to the account in question. Under other features, click inquiries and proceed to the individual entry for more information.
Who or what agency can freeze your checking-savings account?
can the state of Indiana freeze your checking account without letting you know? who would I contact in the state of Indiana gov.about this?
Answercan the state of Indiana freeze your checking account without letting you know? who would I contact in the state of Indiana gov.about this?Difference between order cheque bearer cheque?
A person holding the cheque can collect the amount if it is a bearer cheque.
The payee (i.e. the person in whose favour the cheque is issued) only or his authorized person only can collect the amount of the cheque if it is an order cheque
What is the purpose of reconciling your bank statement?
b/c its matching your checkbook register w/ the bank statement:to make sure all checks have cleared as well as withdrawls, online bill payments and fees tothe bank are subtracted from your account& shows all balances added to your account:in terms you and the bank have the same amount records.
How old do you have to be to get a checking account?
Some banks have different policies and procedures for checking accounts and the age at what they can be opened etc. RBC Bank for example in Champions Gate FL can open a checking account for a minor (min age 15 - though usually 16/17yrs) as a sole owner (no one else on the account) though a parent/guardian would need to sign a "parent/guardian indemnification" to allow this. Visa however have requirements that you must be 18 to have a Visa Check Card, though this can be avoided by using an ATM card instead.
What are the difference between the nationalisation and privatization of commercial banks?
One of the disadvantages of this is that there is less competition
the resulting drop in competition results to better efficiency
the business is not profit driven mean the work ethics would be more relaxed
What is an online bank that offers high interest savings accounts?
There are a number of online bank that offers high interest savings accounts. These banks include Bank of America, Chase, US Bank, Ally Bank, CitiBank, and Wells Fargo.
Minimum Balance account
What are the purposes of a checking account?
The purpose of a checking account statement, or any type of account statement for that matter, is to keep track of your account and make sure that no fraudulent activity is happening without your knowledge. Better to be safe than sorry!
What would appear in the Debits column of a bank statement for a checking account?
An online bill payment APEX
Why do banks and other financial intermediaries exist in modern society?
A Bank is an institution that serves as the financial intermediary in the economy. They are responsible for cash flow within the nation's economy. Their main functions include:
- Accepting Deposits
- Lending Loans
- Providing Bank Accounts
- Providing Credit Cards
- etc
Can a bank go into your checking account and take money out If I am overdue on credit card payments?
It depends. If:
- you have a monthly loan repayment agreement with the creditor wherein the creditor automatically deducts your monthly payments from your savings account or
- you have defaulted on your loan payments for more than 2 or 3 months and haven't contacted the creditor reg. the same
Then, the creditor can withdraw money from your account (if there is any cash available) towards your loan repayment. Otherwise the creditor cannot deduct any money from your account without intimating you.
Can banks give out account information to someone not on the account?
YES. When you signed the loan application, or opened your bank account, they were given, by you, full permission to use ANY legal means to find you and to collect the debts you owe them. It is called "sharing consumer credit information" and it is a basic clause in every loan document/ bank account start-up agreement in the USA. You need to define "someone" before a definite answer can be given. The FDCPA and other consumer laws and acts specify exactly who can be given information and for what purposes. For example if they are checking credit history for a loan application (as was cited in the previous post) they can request whatever information is needed to make an informed decision concerning the issue. If it is connection with collection proceedings for a defaulted debt, that is an entirely different matter.
Under what circumstances should a person open a checking account?
Although checking accounts do help build credit, it is not as important to have one in this day and age. Many things that in the past needed a check to be written can now just be electronically submitted and debit cards can make point of sale transactions from your savings account.
Maybe. How the account is established determines what action can be taken by one account holder.
Generally if the names of the account holders are separated by "and" then both need to agree to any action taken; if the account names are separated by the word "or" then either holder can act dependently of the other.
Why aren't two dollar bills available at banks?
Two dollar bills are available at most banks. All the bank needs to do is request the $2 bills in the standard bundles. However, your bank may feel that the demand for the bills is too low to warrant the request.
What is it called to take money out of your bank account?
It can be called a withdrawal or a deposit.
