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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
How do you get a checking account?
find a bank that you feel comfortable with, that has the product you are looking for and go in to the branch to open your account. Bring your opening deposit and any necessary forms of id, which you can ask in advance what they are
How does investment bank work?
investment bankers profit from companies and governments by raising money through issuing and selling securities in the capital markets(both equity and bonds)
An investment banker is someone who issues and sells securities for large corps. and governments, helps investers purchase securities, and provide financial advice. They also help companies merge. Investment bankers typically work a REALLY long work week, averaging about 80-100 hours a week. They get big payoffs though, with the average salary ranging from $80,000-150,000 a year, not to mention the huge bonuses.
An investment bank is a financial institution that raises capital, trades securities and manages corporate mergers and acquisitions, I know one Investment Banker and Company Adam Roseman from Arc China, You can also get more information from Arcchina.cn
For a first-year analyst, the most junior position, $80k-$120k (including bonus). It rises significantly year on year; and a good MD, the most senior 'normal' position, might expect to earn $1-3MM. Group heads and C-level executives can earn much more than that.
You should keep in mind however, that the majority of bankers finish after 3 years in the business, and probably only 5% become MDs.
An investment banker looks for investors and advices them accordingly on the various investment opportunities and plans.
Can joint checking accounts be garnished for credit card debt in Maryland?
It depends on who the garnisment order is against and how it is written. A joint account where only one person is the debtor can be garnished under certain circumstances. The difficulty in figuring out your situation, is not knowing where you reside. Each state legislates its own laws for garnishment of wages and bank accounts. If you live in a community property state, such as CA. and have a joint marital bank account, it can be garnished.
Can I deposit a check into someone else's checking account?
Yes, but conditions must be met. The person has to endorse the check and you may have to have the funds of your own in the account to cover the check in case it is NSF.You may have to wait to use the funds until the check clears the bank it was issued from.
Difference between crossed check and account payee check?
Actually they both refer to the same. A crossed cheque is also called an account payee cheque. These types of cheques can only be deposited into an individuals bank account and will not be cashed over the counter. This is used to minimize misuse of cheque instruments in case of loss or theft. We can always track the destination account into which funds were deposited using our crossed cheque whereas in case of bearer cheques (the ones that aren't crossed and can be cashed over the counter) we cannot.
Can a 12 year old have a checking account?
Yes, provided either of your parents accept in your account opening and guarantee to supervise the account and be the accounts guardian.
Only majors are allowed to operate bank accounts independently. Children need the supervision of adults for opening accounts.
How often will you receive a statement for your checking account?
The site I went to said if you are writing off your utility bills for taxes, then you need to keep them as tax records. Otherwise, keep 3 months--this establishes residency for mortgage apps, voter registration, drivers license, etc.
What makes a savings account a better investment than a checkings account?
A savings account earns interest.
What are some types of letter of credit?
Documentary letter of credit, open letter of credit, confirmed letter of credit,unconfirmed letter of credit, revolving letter of credit, fixed letter of credit,transferable letter of credit,nontransferable letter of credit,revocable letter of credit,irrevocable letter of credit,back to back letter of credit.
All SS benefits including SSD and SSI are exempted by federal law from creditor garnishment. Bank accounts belonging to married couples in the state of Florida are presumed to be held in Tenancy-By-The-Entirety unless the signature card specifies otherwise. TBE accounts cannot be levied by creditors unless the spouses are joint debtors. If an account contains only SS benefits it cannot be garnished regardless of the way it is established. Some pensions are garnishable by a set percentage established by the state laws. It is necessary for the debtor to have proof the funds are exempted under federal or state law in order to have maximum protection from creditor garnishment. This protection is NOT automatic when it pertains to a creditor lawsuit. The debtor/defendant must submit the required documentation to protect bank accounts and other real and personal property that is allowed under Florida's exemption laws.
What is the Swift Code number for National Commercial Bank of Saudi Arabia?
NCBKSAJEXXX
No Bank or Institution City Branch Name Swift Code
1 AL INMA BANK RIYADH INMASARIXXX
2 AL RAJHI BANK RIYADH (HEAD OFFICE) RJHISARIXXX
3 ARAB NATIONAL BANK RIYADH (HEAD OFFICE) ARNBSARIXXX
4 ARAB PETROLEM INVESTMENTS CORPORATION DAMMAM APICSADMXXX
5 BANK AL BILAD RIYADH (TRADE FINANCE CENTER) ALBISARITFC
6 BANK AL BILAD RIYADH ALBISARIXXX
7 BANK AL-JAZIRA ALKHOBAR (ALKHOBAR BRANCH) BJAZSAJE013
8 BANK AL-JAZIRA BURAIDAH (BURAIDAH BRANCH) BJAZSAJE026
9 BANK AL-JAZIRA DAMMAM (DAMMAM BRANCH) BJAZSAJE009
10 BANK AL-JAZIRA HOFUF (HOFUF BRANCH) BJAZSAJE025
11 BANK AL-JAZIRA JEDDAH (HEAD OFFICE) BJAZSAJE002
12 BANK AL-JAZIRA JEDDAH (KHALID BIN WALEED STREET BRANCH) BJAZSAJE007
13 BANK AL-JAZIRA JEDDAH (KING ABDUL AZIZ STREET BR.) BJAZSAJE006
14 BANK AL-JAZIRA JEDDAH (MADINA ROAD BRANCH) BJAZSAJE021
15 BANK AL-JAZIRA JEDDAH BJAZSAJEXXX
16 BANK AL-JAZIRA JUBAIL (JUBAIL BRANCH) BJAZSAJE019
17 BANK AL-JAZIRA MADINA MUNAWWARA (MADINA MUNAWWARABRANCH) BJAZSAJE011
18 BANK AL-JAZIRA MAKKAH AL-MUKARRAMA (MAKKAH MUKARRAMABRANCH) BJAZSAJE010
19 BANK AL-JAZIRA RIYADH (OLAYYAH BRANCH) BJAZSAJE016
20 BANK AL-JAZIRA RIYADH (SITTEEN STREET BRANCH) BJAZSAJE027
21 BANKMUSCAT RIYADH BMUSSARIXXX
22 BANQUE SAUDI FRANSI ALKHOBAR (EASTERN REGION) BSFRSARIEST
23 BANQUE SAUDI FRANSI JEDDAH (WESTERN REGION) BSFRSARIWST
24 BANQUE SAUDI FRANSI RIYADH (CENTRAL REGION) BSFRSARIRYD
25 BANQUE SAUDI FRANSI RIYADH (HEAD OFFICE) BSFRSARIGEM
26 BANQUE SAUDI FRANSI RIYADH BSFRSARIXXX
27 BNP PARIBAS SAUDI ARABIA RIYADH BNPASARIXXX
28 DEUTSCHE BANK AG, RIYADH BRANCH RIYADH (DOMESTIC CUSTODY SERVICES) DEUTSARICUS
29 DEUTSCHE BANK AG, RIYADH BRANCH RIYADH DEUTSARIXXX
30 EMIRATES BANK INTERNATIONAL PJSC RIYADH EBILSARIXXX
31 GULF INTERNATIONAL BANK B.S.C., RIYADH RIYADH GULFSARIXXX
32 ISLAMIC DEVELOPMENT BANK JEDDAH ISLDSAJEXXX
33 NATIONAL BANK OF BAHRAIN RIYADH NBOBSARIXXX
34 NATIONAL BANK OF KUWAIT JEDDAH NBOKSAJEXXX
35 NATIONAL COMMERCIAL BANK, THE DAMMAM (TRADE SERVICES-EAST) NCBKSAJE615
36 NATIONAL COMMERCIAL BANK, THE JEDDAH (HEAD OFFICE) NCBKSAJEXXX
37 NATIONAL COMMERCIAL BANK, THE JEDDAH (JEDDAH, MAIN BRANCH) NCBKSAJE101
38 NATIONAL COMMERCIAL BANK, THE JEDDAH (TRADE SERVICES-WEST) NCBKSAJE613
39 NATIONAL COMMERCIAL BANK, THE JEDDAH (TREASURY DIVISION) NCBKSAJE555
40 NATIONAL COMMERCIAL BANK, THE RIYADH (TRADE SERVICES-CENTRAL) NCBKSAJE614
41 NCB CAPITAL COMPANY JEDDAH NCCOSAJEXXX
42 RIYAD BANK RIYADH RIBLSARIXXX
43 SAAD TRADING CONTRACTING ANDFINANCIAL SERVICES CO. ALKHOBAR STCFSARIXXX
44 SAMBA FINANCIAL GROUP ALKHOBAR (EASTERN REGION BRANCH) SAMBSARIACS
45 SAMBA FINANCIAL GROUP JEDDAH (WESTERN REGIONBRANCH) SAMBSARIJCS
46 SAMBA FINANCIAL GROUP RIYADH (CENTRAL REGION BRANCH) SAMBSARIRCS
47 SAMBA FINANCIAL GROUP RIYADH (CONSUMERS BRANCH) SAMBSARIRCP
48 SAMBA FINANCIAL GROUP RIYADH (RIYADH BRANCH) SAMBSARIRFX
49 SAMBA FINANCIAL GROUP RIYADH SAMBSARIXXX
50 SAUDI ARABIAN MONETARY AGENCY RIYADH SAMASARIXXX
51 SAUDI ARAMCO DHAHRAN ARAMSADHXXX
52 SAUDI BRITISH BANK, THE RIYADH (HEAD OFFICE) SABBSARIXXX
53 SAUDI HOLLANDI BANK ALKHOBAR (EASTERN AREA ALKHOBAR) AAALSARIALK
54 SAUDI HOLLANDI BANK JEDDAH (WESTERN AREA JEDDAH) AAALSARIJED
55 SAUDI HOLLANDI BANK RIYADH (CENTRAL AREA RIYADH) AAALSARIRYD
56 SAUDI HOLLANDI BANK RIYADH (CENTRAL TREASURY DEPT.) AAALSARICTD
57 SAUDI HOLLANDI BANK RIYADH AAALSARIXXX
58 SAUDI HOLLANDI CAPITAL RIYADH SAHCSARIXXX
59 SAUDI INVESTMENT BANK, THE RIYADH SIBCSARIXXX
60 SHUAA CAPITAL SAUDI ARABIA RIYADH SHUASARIXXX
61 THE SAUDI FUND FOR DEVELOPMENT RIYADH SFFDSARIXXX
What are the benefits of having a savings account instead of a checking account?
You can spend your money without having to withdraw cash first.
Maybe. If the decedent had a loan with the bank in which the account is located, there might be a clause allowing a "set off" withdrawal. Whether or not this can be done against a person's account before it has been probated is dependent upon state statutes.
660.88 so far.
Lots of banks have extended their daytime hours as well as being opened for limited hours on Saturdays. Call your local branch to find out their hours.
Who much is the opening deposit for a checking account?
It depends on the bank and also the type of account you are opening.
for example a basic feature savings account in a nationalized bank in India requires a min balance of 500 rupees and for an account with a cheque book requires 1000 rupees
for private banks the min balance is usually 2500 or 5000 or even more based on the facilities provided.
How do money market accounts differ from regular savings accounts?
A money market account is very similar in nature to a savings account with the most significant difference being that you often have the ability to write checks from it. Most broker/dealers and mutual fund companies offer money market accounts in some form.
For small balances, a savings account is often more beneficial as some money market accounts can charge substantial fees unless a minimum balance is maintained. Some banks also impose restrictions on the number of withdrawals that are allowed.
Money market funds are stable funds, where if you deposit $1 you will get $1 back - this is known as the "Net Asset Value" (NAV) of the fund.
Be sure before you invest in any money market fund whether it is with your local bank or a broker/dealer or mutual fund that you thoroughly investigate fees, earnings, and whether or not the funds are insured.
Can another person deposit money into your checking account without your account number?
No. Actually there is no rule stopping a third party from depositing money into a check account but, for doing that, the third party must know the account number into which they wish to deposit the cash. So without knowing your bank account number, nobody can deposit any money into it.
What is the difference between commercial bank and Islamic bank?
There are two major difference between Islamic Banking and Conventional Banking:
1. Conventional banking practices are concerned with "elimination of
risk" where as Islamic banks "bear the risk" when involve in any
transaction.
2. When Conventional banks involve in transaction with consumer they
do not take the liability only get the benefit from consumer in form of
interest whereas Islamic banks bear all the liability when involve in
transaction with consumer. Getting out any benefit without bearing its
liability is declared Haram in Islam.
Can you do a wire transfer from a savings account?
If u want to transfer money go to ur bank with the account details of the beneficiary (the one u want to send the money to) and talk to someone, that will probably do the trick. Plus when ur there u can ask them if u can do it on internet, and post ur own answer!
What is the difference between a savings account and a checking account?
Checking accounts are used for frequent credits (deposits) and debits (withdrawls). Whereas a savings account follows the idea of a piggy bank, where one saves a bulk of money for exceptional circumstances or goals.
