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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

Do you have a right to see your parent's checking account if they have both died?

As an individual, you generally do not have an automatic right to access or view your deceased parent's checking account. After their death, the account typically becomes part of their estate, which is subject to the probate process. Only the appointed executor or administrator of the estate would have the legal authority to access and manage their financial accounts.

Is it lawful for a company to find out from a bank how much money you have in a checking account?

No. A company cannot have access to certain pieces of your personal information, including your personal checking account...

What does signatory mean on a checking account?

Signatory means that the person who owns the checking account has signed something linked to the checking account. This could be a document or a check.

What happens if a joint account is changed to a estate account?

When two or more people own a joint account, ownership of the account passes to the surviving owner(s) when one dies. If a person has an account in their name alone the account becomes a part of their estate when they die. In that case, it will used to pay debts first and any remaining balance would pass to the heirs under the will or under the laws of intestacy.

What is the Phone number for RBS gogarburn?

The phone number for the Royal Bank of Scotland Gogarburn is +44 13 1556 8555. The Royal Bank of Scotland was founded in 1727.

Can you open an account with a bank if you have had a charge off with a past account?

Typically no, once your account gets to the point of charged off, it has been overdrawn for roughly 45 days (give or take). Your name and SSN then get reported to ChexSystems which then notifies every bank of your charged off account. Not many banks want to risk losing their money to you if you've already lost money for another bank. Your best chance to get an account is to go back to the bank your account was charged off, explain what happened, and hope for the best. And next time balance your checkbook... daily.

If a check I deposited clears does the bank have to release the hold immediately or can they keep the hold on availability for the full hold period?

if there is eg: a 5 day hold then the bank will hold it for the full 5 days, some banks will hold for anywhere from 3 to 5 business days no matter how much money is in the account already, especially if the cheque has been deposited by machine.

Types of bank accounts in indai?

Some of the different types of accounts in India are:

a. Savings Account

b. Current Account

c. Fixed Deposit Account

d. Recurring Deposit Account

e. Senior Citizen Deposit Account

f. Senior Citizen Pension Account

g. Etc.

What is a bank and who operates it?

banking is the business which involve accepting and safe guarding of money owned by the individual and other business entity and lending out this money in order to earn profit.

What virtual bank will give you a checking account the routing number and approve your application with 0 down?

ING Direct and Ally Bank are two good ones that can open an account with nothing down if that is what you really want. Unless you are on Chex Systems "no no" list, technically any bank will approve an app for a checking account, and you're only on that list if one of your accounts stays in the red for long periods of time without putting any money in it at all...

How many online savings accounts should you have?

Depending upon whether you are doing this for personal or business reasons, the sky is really the limit. Typically, most people only have 1 savings account per bank, but businesses may have multiple accounts for each product line.

The FDIC limit is $250,000 per depositor per bank, so you would want a little less than that in any one account, otherwise you increase your risk exposure. You can generally negotiate a better interest rate with a higher balance, so the more money you have in one account up towards that limit, the better.

Savings accounts are terrible investment vehicles, but until you have socked away sufficient capitol to find a better return, they beat mattresses.

HSBC swift code?

Each international location for HSBC Bank holds a unique SWIFT code to transfer international funds. The SWIFT code used the HSBC USA branches is MRMDU33.

Job description of credit analyst?

Credit analysts (or credit risk analysts) undertake risk assessment analysis of various types of lending proposals from the straightforward to the very complex, which can be for amounts in excess of £50million. Credit analysis offers a variety of career opportunities within the increasingly diverse financial services sector. Credit analysts are employed within a variety of financial institutions ranging from banks (commercial or investment banking) to credit rating agencies and investment companies. The role demands a strong combination of interpersonal, analytical and decision-making skills. The role is very much centred on risk management: risks must be understood and communicated, and credit exposures kept in line with the employer's limit on risk bearing. Typical work activities will depend on the business of the employer and the specific role, but can include: * providing quality service to internal customers through undertaking risk assessment analysis of various types of lending proposals; * analysing financial information, such as statements, management accounts and cash flow statements; * developing models of credit information to predict patterns and trends using specialist statistical software; * assessing the credit worthiness of client companies; * advising and recommending changes to policy and procedure; * liaising with other staff within the company, such as account managers and product specialists; * helping to ensure that procedures comply with sector standards; * staying informed about the legal, compliance and market-risk-related issues involved in the approval of credit. - David A.

IBAN number for hang seng bank?

IBAN stands for International Bank Account Number. Some of the European Banks only accept IBAN number for remittance processing. The first two letters represent country code, followed by check digits, identifier codes of account holding bank / branch and customer account number. The maximum length is 34 digits

It depends also on whether you need the HK branches or China branches too.

For HK branches for example, it starts with HASEHKHH024 followed by the normal 12 digit account number you can find on the ATM (Automatic Teller Machines) card.

The 024 is the country identifier and the first 8 letters is almost self-explanatory.

Do you accept checks?

Accepting checks is very important to some businesses and not important at all to others.

Business to business, you must accept checks. Taking checks by mail, checks by phone, checks by fax or via online payment form or shopping cart is very valuable.

Business to consumer, sometimes checks just are not needed. Consumers have a debit card or credit card and the money is almost always good when they pay by card - but at places like a grocery store, department store, or super-store will lose lots of customers by not accepting checks.

A diner, corner shop, pizza delivery place or movie theater would have no need for taking checks. An auto parts dealer, insurance agency, or other billing oriented business like doctor's offices and dentists really do need to accept checks.

Can you use another banks ATM different from your bank to deposit money into a checking account if the symbols on the back match?

yes you can withdraw money from any bank ATM & view your balance as it features are limited

The first answer does not answer the question. Yes, you can withdraw funds from any ATM with the same icon as your bank ATM card, but you can't deposit funds into any ATM that is not your own bank's ATM machine. Currently, when you select Deposit at a different bank ATM, your account number will not be recognized by that ATM.

What is profit without cash in accounts?

Asset acquisition, debt reduction, distribtuions to the owner / partner(s) / sharholder(s) all represent profit. Asset acquisition, debt reduction, distribtuions to the owner / partner(s) / sharholder(s) all represent profit.