0
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 would appear in the credits column of a bank statement for a checking account?
out of an online bill payment, bank fees, an ATM withdrawal, and a direct deposit it is direct deposit
What is the Costs of check writing?
Time (labor), Supplies (checks and envelopes) and postage. You can eliminate the envelopes and postage if you pay on-line. You would still have paper costs, because you would most likely print out a record of the payment to attach to the invoice.
I think they can. I would get A emergency judgment on it though. If they do take it, The adult would be A sorry individual if they did not repay the child.
Methodical control of an organization's operations through establishment of standards and targets regarding income and expenditure, and a continuous monitoring and adjustment of performance against them is called Budgetary control.
What is the IBAN code for the Westpac Bank?
Westpac's Swift Code is WPACAU2S (Australia does not use IBAN numbers)
What is Swift code for National Commercial Bank Jamaica Limited?
JNCBJMKX SWIFT ACCOUNT FOR N.C.B ---Jamaica National Commerical Bank Jamaica Limited
How can you check your axis bank account online?
For doing that you need to have internet banking enabled. If you have it then you will have a user id and password that is linked to your bank account. If you use those credentials to logon to internet banking website of SBI, you will be able to check your balance.
Can your heirs avoid probate if you put another person on your checking or brokerage account?
Yes. Probate may be avoided as to the accounts in question by putting another person on the account. Other assets, such as real estate, may go to probate however. This answer applies only to the accounts mentioned.
I caution you not to do this, however. If you put another person on your account, they become a joint owner. This means they can access your property. Worse yet, their creditors can access your property if they get into financial difficulty or get divorced. Your account could be at risk.
It is better to set up a pay on death account or otherwise name a beneficiary for the account to take place upon your death. While this is better than a joint account, there are still potential problems. What if your named beneficiary dies before you? Your account will be back in probate. As account values rise and fall, you may end up with a smaller gift to the beneficiary than you wished.
Without knowing the value of the accounts in question and whether or not there are other assets to consider, it is difficult to give specific personal advice. For specific advice, you should consult a local licensed attorney. My usual recommendation is to set up a revocable living trust in order to avoid probate, however if the estate is small, that may not be needed.
What does reversal credit mean?
A credit means a money has been deposited to the account. Suppose Cr of 100 means rs 100 is credited to the account. A reversal of credit is usually denoted by a negative sign meaning its reversal credit so now it is Cr -100 which is actually a debit has been happening for rs 100 and it would be debited from the account .
Where can one create a free bank account?
Most banks offer free bank accounts to their customers. Some places you can find free bank accounts are First Bank, Citibank, and Chase just to name a few.
Can a legally written check be refused by the person it is written to for a valid fee?
Yes. A check is not legal tender and so can be refused fo any reason, or no reason, as a form of payment.
it might be because of bank charges towards folio, some incidental expenses
Some bank do charge and some don't. Bank of America do. Bank of America also charge insufficient even you make deposit to cover the check on a same day before 5 pm.
Can you use your checking account to pay electricity bill online?
Yes you can be it may require you to set up a bank account and give you a link with an online code to set up you payment plan. Or you can set up your payments so that you can have your paycheck immediately sent to your debit card and every month it will take out the needed amount so this way, you may not even need to log onto the internet. It's quicker and safer.
Can a business checking account be frozen because of unusuall activity?
Definitely Yes. Banks usually monitor the activity on all the accounts held with them and they have the right to freeze an account and inform the federal authorities. They have all the right to do so and the account holders would have to provide suitable explanations to the banks and federal authorities.
Why a central bank may close down a commercial bank?
A central bank may close down a commercial bank if they feel that the bank isn't doing its duties correctly. If it is cheating customers or misusing funds or not following the guidelines laid down by the central bank it can be closed. Usually central banks give warnings to a bank if they find anything and if their warnings are not listened to, they resort to closing the commercial bank down as the last resort.
Is Muslim commercial bank a foreign bank or a local bank?
its basically a commercial banks but is now engaged in operations in bangladeh and is forming joint operations with Maybank so it is also a foreign bank in terms of ventures but not operations
How do you get to account help?
You need to contact the bank's customer care department if you need any help with your bank account
To reduce labor costs for the bank and increase availability of banking service in a safe and cost effective method.
Coins held in commercial banks are?
You are talking about money coins. but there are artificial coins also like challenge coins. Do you know about this?
