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Probably none, or a negative balance. Banks usually charge fees for accounts below a minimum balance, and so you will have nothing by the time you are 30. I had an account when I was 6. My mom put $25 in for me (which was the minimum balance at the time). I go back when I am 18, and they had charged fees and cancelled the account... they took my passbook. It is a nice idea to leave the money there and have it collect more money... unfortunately, banks nickel and dime you to death, so it doesn't work.
What else can I help you with?
How you can withdraw payment form richptc?
it is a earning how can withdraw the payment form richptc site
What is the difference between overdraft and overdrawn?
Overdraft is a feature provided by many banks to its best customers wherein, the customer can withdraw money from their accounts even if there is not sufficient balance in their account. The overdraft limit is set by the banks based on the customers history with the bank and his earning potential. An account is said to be overdrawn if the customer has withdrawn more money that what he has in the account.
Roxanne deposited 300 into a savings account earning 5 annually What is her balance after 1 year?
Roxanne deposited $300 into a savings account earning 5¼% annually. What is her balance after 1 year
Can you explain how TFSA work and how individuals can benefit from them?
A TFSA, or Tax-Free Savings Account, is a type of account where you can save and invest money without paying taxes on the growth. Individuals can benefit from TFSA by earning tax-free investment income, having flexibility to withdraw funds at any time without penalties, and using it for various financial goals like saving for a home or retirement.
How is increased use in a sentence?
I increased the amount of money in my bank account by earning money.
How do you use earn in a sentence?
I used to be earning a much higher interest rate in my savings account
Does the IRS look at cash deposit in banks?
Yes, it is possible. If a deposit of over $5000 happens in an account, the bank has to intimate the Government & the IRS. The IRS can then use this information to verify it the account holder has enough earning potential to match the deposits on his/her account. If they feel there is any inconsistency between the earning & the cash held in the account, they can investigate the person to find if he/she is evading tax.
Is transferring money from one account to another taxable?
Transferring money from one account to another is not taxable because it does not involve earning income or making a profit.
How do you receive a leave and earning statement from your active duty Marine Corps career?
All Leave and Earning statements are posted electronically through the individual Marines MYPAY account. You can login and print it from there.
How do you sign up for frequent flyer miles and start earning rewards for your travels?
To sign up for frequent flyer miles and start earning rewards for your travels, you can typically visit the airline's website and create an account. During the account creation process, you will have the option to enroll in their frequent flyer program. Once enrolled, you can start earning miles by booking flights with that airline or its partners.
How can a foreigner open a US bank account?
It depends: 1. If the person is on an official trip to USA and will be earning an income while his stay in USA then - Yes he can open an account with any Bank in USA. 2. if the person is on a personal/tourist trip to USA and will not be earning any income during his stay there then - No, he cannot open an account with any Bank in USA.
Can an American open an Italian bank account?
It depends:if the person is on a official trip to Italy and will be earning an income while his stay in India then - Yes he can open an account with any Bank in Italy.if the person is on a personal/tourist trip to Italy and will not be earning any income during his stay here in India then - No, he cannot open an account with any Bank in Italy.
