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Can someone explain why the Wells Fargo Bank in Las Vegas is allowed to charge a 120 Dollars fee or interest on an advance taken from a Direct Deposit account?
Why not ask Wells Fargo Bank?
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Maybe the reason is that Direct Deposit Account has a condition for the receipt of interest in its Terms and conditions which say you can't make more than, say, one cash withdrawal in any one month or in any one quarter?
If so, if you had already drawn out some cash in that period and you then drew out some more, the bank has the right to claw back some or all of the interest that you had earned in the whole of that period...
What else can I help you with?
What is Advance Premium Deposit in Insurance Company?
An Advance Premium Deposit account is a feature of a policy offered by a Life Insurance company. Think of it as a savings account, where you're free to put in money and take out money. Your life insurance premium will automatically be paid from that account, so that's one less hassle you have to worry about. You get interest on your money, so that's nice. Often you're only allowed to deposit up to the sum of all future premiums. See http://www.americansavingslife.com/policy-sales/advance-premium-deposit-(apd) for an example of one company's advance premium desposit account and read what they have to say about it.
What is Dda deposit?
A DDA deposit refers to a "Demand Deposit Account" deposit, which is a type of bank account that allows for withdrawals and deposits at any time without any advance notice. These accounts typically include checking accounts, where funds can be accessed using checks, debit cards, or electronic transfers. DDA deposits are considered highly liquid since account holders can easily access their funds. They usually earn little to no interest compared to savings accounts.
can you get a cash advance without a checking account I only have a savings with direct deposit?
Yes, you can. You can get an advance against your paycheck. This is a question best asked of a cash advance store. Call them.
What is the typical interest rate for a quick cash advance?
The typical interest rate for a quick cash advance is actually pretty low. I know if you borrow about 200 dollars you will usually have to pay back about 220 dollars on your payday.
What are fixed deposit accounts?
A Fixed deposit account is one in which you deposit a specific amount of money with a bank for a specified duration of time. you cannot withdraw that money before its maturity date. if you do you would have to pay a penalty for doing the same. usually fixed deposits offers us a higher rate of interest than normal bank accounts
How can you pay yourself using a credit card?
You can pay yourself using a credit card by setting up a cash advance or balance transfer to deposit money into your bank account. However, be aware of the fees and interest rates associated with these transactions.
What is over draft?
It the system in which the commercial bank advance loan on demand deposit of the costumer. In simple scene's deposit er is allowed to with draw more than he has deposited interest is charged only on the extra amount withdraw.
A demand deposit is an account in a commercial bank on which checks can be written and from which money can be withdrawn without any advance notice?
monetary policy
A demand deposit is an account in a commercial bank on which checks can be written and from which money can be withdrawn without any advance notice.?
monetary policy
What is an advance deposit?
and advance deposit is money you place with a retailor to put towards your final price with the retailor
State three possible reasons why a debtor's account might have a credit balance?
Overpayment Payment in advance Credit note issued Deposit received
How can I transfer money from my credit card to my bank account?
To transfer money from your credit card to your bank account, you can typically do so through a cash advance or a balance transfer. A cash advance allows you to withdraw cash from your credit card at an ATM or bank, which you can then deposit into your bank account. A balance transfer involves moving money from your credit card to your bank account by transferring the balance from one account to the other. Keep in mind that both options may incur fees and interest charges, so it's important to understand the terms and conditions before proceeding.
