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Flexible Spending Accounts

FSA accounts enable employees of a company to make pre-tax contributions that can be used towards eligible medical or dependent care expenses.

191 Questions

What is the validity period of check?

In India - As of now (Jan 2012), the validity period is 6 months from the Date of Cheque Issue. However, starting 1st April 2012, the validity period will be only 3 months.

Write a letter to bank asking for loan for your business?

You can write a letter to the bank by outlining your business plan. You need to tell them how much you would like, why they should lend it to you and when you anticipate being able to pay them back.

Difference between nationalised bank and private bank?

A Nationalized bank is one that is owned by the government of the country. Since the people decide who the government is, they are also referred to as public sector banks. The government is responsible for the money deposited into the accounts of these banks.

A private sector bank is one that is owned by an independent individual or a company that is controlled by a few individuals. In short, the bank is owned by someone else and they run the bank. The person owning/running the bank is responsible for the money deposited into the accounts of these banks.

Is an iban number required on a swift mt202?

IBAN numbers are required on all bank transfers to and from Europe. The Swift MT202 is a message from a bank indicating a payment has been made. The IBAN would be required for the transaction to occur, but would not be part of the MT202 message.

What is a iban swift code?

It is an additional banking code required for international wires. This is added to the bank's ABA number and account number.

Difference between public limited banks and private limited banks?

Public banks are ones that are fully or partially owned by the government of that country. A private bank is one that is owned by an individual or by a group of people.

How do you find a routing number on a bank check?

The routing number is the first set of numbers found on the left side bottom part of a check. *Do not use the routing number that is found on the checking account deposit slip.

If Drew's monthly net income is 800 dollars what is the maximum he should use on debt payments?

$224 or 28% of your income here is a site that states this fact

Source http://www.bankrate.com/finance/mortgages/how-much-house-can-you-buy--1.aspx

What are the risks in using the electronic fund transfer service?

The main risks associated with electronic funds transfer are:

1. You cannot confirm if the account number you have provided is correct. The bank would process the EFT under the belief that the information you provided is accurate.

2. Once an amount is transferred, the bank cannot and will not reverse a transaction.

What is the use of RTGS in Banking Sector?

RTGS means Real Time Gross Settlement. It is used for

immediate payment which is affect in party account within minutes. It is used for the

transfer of Rs 100000 or more from the one bank a/c to the

another bank a/c (any bank located anywhere in India if

attached with internet system)within few minutes at very

minimal charges like only Rs 25 in SBI. For amount less than

Rs 100000 we use NEFT( National Electronic Fund Tranfer).

What is Clydesdale Bank Plc email?

Head Office

Clydesdale Bank PLC.

Registered Office:

30 St Vincent Place,

Glasgow,

G1 2HL

The contact details are in the link below.

Example of formal letter?

formal letters have many examples but some of them are given below:

1.Acknowledgement letter

2.Inquiry letter

3.order letter

4.complaint letter

5.cover letter

Remember that formal letter is also called as Business letter.

In all these types the cover letter is the most important type which is written when are in search of a job.

Is loan interest higher than savings interest?

Yes loan interest are higher than savings interest. This is one of the primary ways a bank makes money.

What address is bank sort code 07-01-16?

Nationwide Flex account sort code.

see: http://www.nationwide.co.uk/internetbanking/help/help_standingorder_form_WP112.htm

How old do you have to be to open a bank account with Bank of America?

To open a bank account with Bank of America, you generally need to be at least 18 years old. However, minors aged 17 or younger can open a joint account with a parent or guardian. It's important to have the necessary identification and documentation when opening the account. Always check with the bank for any specific requirements or policies.

What is a chapin?

Chapin is a common phrase among people from Guatemala. They affectionately call their country members Chapin (male pronoun) or Chapina (female female pronoun). Typically used by young people but recognized by all Guatemalan's as being a proper word. Example:

An elderly person could say (and probably would say), "Soy Chapin!" translates ,"I am Chapin" or "I am Guatemalan" and it would not be racy or out of place language despite age variance.

Among Guatemalan people, a person might commonly greet another with just that word, "Chapin!" as any foreigner would greet their brethren with a similar word for "Countrymen".