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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 many accounts are made in balance sheet of a bank?
There is no definite answer to this question because it all depends on the size of the bank in question. The larger the bank is, the more accounts there are to make up the balance sheet of the bank as a whole.
[Debit] Bank Account 50000
[Credit]Cash Account 50000
Bank account as well as cash accounts are involved in this transaction.
What are the disadvantages of a current account?
There are a couple different disadvantages of using a current account. They include the fact that some banks will impose service charges on them, and the fact that they do not earn interest on money in one.
What are the Ratios applicable for use by banks?
Sorry, but your question is too general/can be read too many different ways. Are you asking (1) what ratios to use if you are evaluating whether or not to invest in a bank, (2) what ratios do banks use when evaluating whether or not make a commercial loan, (3) what ratios do banks use when evaluting consumer loan applications, or (4) something entirely different. Please repost a more specific question.
When appling for disability do they check your bank account?
No, the content of your bank account has no relevance to your eligibility for disability payments. What they want to know is, are you actually disabled, and do you have disability insurance. That is what counts.
Is commodity bank commercial bank?
No, it is not. A commercial bank uses deposits and loans to create money out of thin air. A commodity bank uses real money and cannot create money from nothing.
Can you write a check in pounds sterling from your American checking account?
No you can not. Somebody will have to pay a fee to exchange the dollars for pounds. VISA and MasterCard are widely accepted in Britain and they will make the currencly exchange at a reasonable rate. Paypal is a way to transfer funds, but they charge a fee on top of the exchange fee.
You can visit your nearest EPF office or try to check your balance online.
What was one of the impacts of the ruling in Meritor Savings Bank v. Vinson?
(1) The ruling confirmed that Title VII outlawed sexual harassment, an issue that had been debated previously. (2) Quid pro quo harassment was defined; that is, harassment implying a trade involving sex,
Where is your account number on a cashiers check?
The account number is found at the bottom of the check after the routing number.
The rouitng number is 9 digits and found between the transit symbols that look like this |: Basically a vertical line, followed by a colon.
The routing number will look like this |:011000138|:
Next to the routing number, terminated by the ON US symbol that looks like this ' is the account number. The account number could be as few as 5 or as many as 14 digits, but is usually 9 to 12.
If your check looks like this
|:011000138|: 12345 6789 ' then your account number would be 123456789
Often the check number is along the bottom with the routing and account number. You can tell which is the check number because it is also printed at the top right corner of the check. It goes to the left or right of the routing number and account number. For example check number 1234 would look like this:
'1234' |:011000138|: 12345 6789 ' or
|:011000138|: 12345 6789 ' 1234
What is business partner plus account?
It's a bank account where you can manage information about yourself.
Do free internet checking account come with a bank book?
Most banks now offer free internet access to your accounts. This can be quite useful as you can therefore access them in any location, in an instant.
Can your financial institution have your vehicle reposessed if they don't have your current address?
Only if you are behind on the payments........ Finding your current address is about as hard as posting this question on this board. It only takes about $100.00 to get your new address from an old friend.
How does an attorney get a checking account number without being told you have an account anywhere?
There are many methods, the simplest of which would be sending a query to all banks within a given radius and if they find your bank, then the writ of execution gets filed. Further, if you ever paid the debt with a personal check, then they already have your banking information. Lastly, you can be served with interrogatories or summoned to court for a debtor's exam where you will be required to give them all of your financial information.
How long will the bank report a non-sufficient funds to the Chex system?
Negative entries on Chex System remain for 5 years from the time of reporting.
How do write a draft check from one account to be deposited into another checking account?
Check (or cheque) fraud refers to a category of criminal acts that involve making the unlawful use of one or more check or checking accounts in order to illegally acquire or borrow funds that do not exist within the account balance or account-holder's legal ownership. Most methods that are used by violator involve taking advantage of the float (the time between the negotiation of the check and its clearance at the check-writer's bank) to draw out these funds. Such acts are often colloquially referred to as check kiting or paper hanging.
What is a in trust for account?
When money or funds are in trust in an account, they are typically being held for one party and handled by another. It is a way to control and convey assets for a third-party owner.
Who are the officers of OneWest Bank?
Corporation leadership:
- Steven T. Mnuchin
Chairman and Chief Executive Officer
Age: 49
- Mr. Joseph M. Otting
Chief Executive Officer
Age: 54
- Ms. Anderson Caballero
Executive Vice President and Head of Retail Banking
- Mr. Grant K. Ahearn
Executive Vice President and Head of Financial Services Group
Age: 55
- Kris A. Gagnon
Chief Credit Officer
- Mr. Scott Scheeringa
Head of Commercial Banking
What is an activity checking account?
activity checking accounts are checking accounts perfect for people who only write a few checks a month and are unable to maintain a minimum balance.
How do you open an account in irctc?
Irctc make changes daily in their facilities now a days and make journey easy and comfortable for us one of its facility is tatkal ticket is the best facility, use it by irctc registration for ticket booking.
