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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
What is a DDA debit from a checking account?
A "debit" is a subtraction and "DDA" means checking account. You should contact your bank directly for information about exactly WHY your account was debited, but here are some possible reasons:
- You requested a transfer to another account from your checking account, and a DDA debit form was used to complete the transfer
- You are overdrafted on another account or owe the bank money and they have recollected their loss by debiting your checking account
- You deposited checks and totaled them wrong on the deposit slip, so the bank has made an adjustment to reflect the correct total
- You are being charged for another reason, such as a returned check
Can your grandaughter put money into your checking account?
Sure. Most banks do not have any restrictions on who can deposit money into a customers bank account. Even if I want, I can deposit money into your checking account. All I need is to know your full name and your bank account number. So, your grand daughter can easily know your name and account number and she can happily deposit money into your account.
no, a credit card company can not garnish your taxes only a federal or state entity can. The CC company could have a lien placed on something of value, so that when that item (house, boat, car, motorcycle, furniture, etc) is sold, they are paid first from the proceeds.
What items are reported to chex systems?
Some things that may cause you to get listed on Chexsystems are: NSF, account abuse, fraud, and bad checks.
Can you open a checking account with a friend?
yes it is possible to open an account with a friend. However, you should check with the bank that you are with.
Can you open another bank account if your business account has a hold on it?
As long as the bank that has the hold hasn't reported you to chex systems.
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How many commercial bank are there in srilanka?
There are a total of 13 local banks and 6 international banks that are operations in Sri Lanka. They are all governed by Central Bank of Sri Lanka. The banks are:
Local Banks - Government Owned:
a. Bank of Ceylon
b. Peoples bank
c. National Savings Bank
Local Banks - Privately Owned:
a. Commercial Bank of Ceylon
b. Hatton National Bank
c. Seylan Bank
d. Sampath Bank
e. NDB Bank
f. Union Commercial Bank
g. Nations Trust Bank
h. DFCC Vardhana Bank
i. Panasia Banking Corporation
j. Seylan Merchant Bank
International Banks:
a. HSBC
b. Standard Chartered
c. Citibank
d. Deutsche Bank
e. State Bank of India
f. ICICI Bank
Is a checking account a high risk investment?
Not at all it's probably one of the lowest risk investment you could make , but it couldn't be a bad idea to check the bank in which you open your account .
How far back can you get bank statements?
Bank statements are available to all customers' right from the date they opened their bank accounts or from the day the accounts of that bank were computerized. For Ex: If you have a bank account open since 2001 and the bank was computerized in 1990, you can get your statement right from 2001 until the current date. If you are a customer of the bank even before 1990, the chances of you getting your account statement for the period way before 1990 are a little less. But, banks might have other forms of storage (maybe paper statements) for customers who have been with the bank right from the date the bank was started.
Can a New Zealand citizen open a bank account in Singapore?
yes he can but specifically in banks which are worldwide
When was Zhejiang Tailong Commercial Bank created?
Zhejiang Tailong Commercial Bank was created on 1993-06-28.
Can a co-owner on a checking account be liable for using money from an estate not settled?
Yes, the co-owner would be legally liable for using money in the account from an estate that was not settled.
Can you write a check if account is frozen?
Technically Yes but legally No.
An account that is frozen cannot be used for regular monetary transactions like issuance of cheques. Even if you manage to issue a cheque, the bank will not pay it and hence the cheque will bounce. You will end up paying penalties to the bank for issuing a bad cheque plus face legal consequences from the person who was refused payment that was due through your cheque.
How do you write a letter to bank for authorisation?
Sample Letter to bank for Adding as an authorised Signatory
What is a canceled check and why is it important to the checking account owner?
When you pay someone by check that person brings the check to the bank. The bank gives him the money from your checking account and then stamps the check as paid. The check is then called a "cancelled" check. The bank will send you the cancelled check (or a pictue of it) which you will want to keep because it is your proof that you paid the person. It will also help you keep up with how much money is in your checking account, especially if you write a lot of checks and might easily forget one.
Consumers should respond to collection attempts in the same manner regardless of how the account originated. The first step is to find out what your rights are under federal and state law. The second thing step is to exercise those rights.
www.ftc.gov has a link that will allow you to print off a copy of the Fair Debt Collection Practices Act. You might also want to print off a copy of the Fair Credit Reporting Act. Your own state may have additional laws which offer protection.
Since your issue is one that involves criminal activity, you may want to also pursue another avenue. Having a police report (even one filed for informational purposes) lends any story you assert much more credibility. The FTC also has information about identity theft and fraud which may apply to your case.
Think of it this way: If I sent you a letter saying, "Joe told me to write you. Pay me the $500 you owe him." What type of questions would come to mind?
1) What proof can I provide to you that you owe Joe money? 2) What proof can I provide you that I am allowed to collect for Joe? Do I "own" the debt or did Joe just tell me to get the money from you? 3) Is the "original loan" legal? Are Joes's attempts, and mine, to collect it legal, and properly regulated? (see licensing and bonding requirements for your state AND the state that the collection agency operates in) 4) Can I provide some written proof that there was ever a contract, or promissory note, or (in your case) an enforcable instrument of commerce that you need to pay?
It's not enough for you to simply know that you were the victim of fraud. Become proactive or you will end up being held liable for something that happened to you. I wish you luck!
Can the tax office freeze your bank account?
Yes they can and take every penny you have in it as well.
Some banks have online applications that will approve immediately. Then the bank will wait until the signature card is sent in to actually look at the Chexsystems report. At that point, they will send back the initial deposit and close the account.
Then there are other banks that do "sweeps" on accounts. This is where a bank, generally the loss prevention department will do a random check on accounts with chexsystems. If they find that the customer has a chexsystems record, they then will determine that they person may be a risk and they will freeze account, and later close it.
For these reasons I always suggest that if you have been reported to chexsystems that you try to find a bank that does not use ChexSystems if at all if possible. Now an exception to this rule is if a bank opens an account and is aware of the chexsystems report. Most times you will be fine with these circumstances. Unfortunately, there have been situations that were reported to me where for example a manager of a branch decides to open an account and over ride the chexsystems report for the customer. Then later the loss prevention department determines that the manager was not correct to open it and once loss prevention decides it is a potential risk, they will freeze the account and then close it.
These situations can create a very bad situation for some customers especially is they have all of their money in this one account when it is frozen and closed. If a bank does decide to freeze an account, they will not allow a customer access to their money for a period of time that is normally 30 days or more. I can not begin to tell you the horror stories that I have heard over the years when this happens. Because of this, I suggest that you always have a back up account if you are going to bank with a bank that uses chexsystems.
Pawn brokerage services in commercial bank plc sri lanka?
Yes. They pay Rs. 40,000/- for 22k gold sovering and Rs. 43,000/- for 24k gold sovering.
How we can check the fees paid to Saudi government online on iqama account?
There is a way to check the fees paid to the Saudi government online on Iqama account. All you have to do is go online to the government website and follow the link.
How do you open a bank account in name of another person?
You cannot. You can only open an account on your name and nobody else can do that. Similarly, the other person you are talking about here has to visit the bank personally and ask for opening an account. No one else can do it for him.
However, if you insist on doing that, you need to get a legal power of attorney from that other person if you want to do it. The power of attorney gives you unlimited powers to act on behalf of the other party and do anything on his behalf.
An online account is one you can manage via the Internet, rather than having to go into a bank branch.
When banking online - you have to be sure that your computer has no trojans or viruses, that you internet connection is secure and that you are using "https://" for your connection to the bank site - to protect your self.
No, They can not refuse unless they have reason to believe it's counterfeit. Also if the bill is a $10,000 one, a small bank may ask the non-customer to return the next banking day.
