direct deposit
You can track the money deposited into your account by regularly checking your bank statements online or through mobile banking apps. You can also set up alerts to notify you of any deposits made into your account.
Your paycheck should typically be deposited into your checking account, as it is designed for everyday expenses and easy access to your money. Your savings account is better suited for long-term savings goals and should be used to build up your savings over time.
Yes money can be deposited in account when frozen but cannot be taken out.
If the money that is being deposited into the checking account is a gift, then they do not pay taxes. However, if this is a business transaction, then they may have to pay taxes.
deposited money is credited to your concern bank account
Yes, the money can be deposited into this account.
The easiest way is to set up an automatic debit against your paycheck or checking account at your bank, with a specified amount being automatically taken from your paycheck or checking account and deposited into a savings account.
To ensure money is deposited into your account, provide accurate account information, communicate with the sender, and monitor your account regularly for any incoming deposits.
No. Money deposited in checking/current accounts do not earn any interest.
is it possible for money to be deposited in an inactive bank account
No - not unless you have overdraft. You can't pay for something more expensive with money you don't have.
Money in a checking account is called demand deposit.