a trust account means you trust the person that is opening the account, and a checking account means you will keep checking it to make everything is okay.
checking from bank fund & credit card prepaid by credit
savings account earns interest.
Purchase on account means purchases from vendors on credit while sales on account means selling to customers on credit.
In the ePay function, how can you split a payment between your savings account and your checking account
In the ePay function, how can you split a payment between your savings account and your checking account
what is difference between a current account and a cheque account
Money market accounts and checking accounts share a lot of similarities. One difference between the two includes a limit on transactions on the money market account. One may need to keep more than $10,000 in a money market account to avoid penalties, whereas a checking account can be run down to a zero balance usually without penalties occurring.
An interest bearing account can be allowed withdraws immediately, like a regular checking account. A NOW account generally requires a seven day notice before money can be withdrawn. So they're similar, only one requires a notice to get money out of.
A check is a request to draw money out of your checking account in order to pay for something.
When money is held in a checking account the money is liquid. It is always accessible. It can be withdrawn using checks, or electronic cards. A money market account however, is much like a certificate of deposit. It requires a larger amount of money in order to open the account and has a much higher interest rate.
A merchant bank account is an account that allows customers to pay for purchases with their debit or credit card. A regular bank account is a typical checking or savings account which allows someone to deposit money into or withdraw.