misc
You must pay immediately the amount of any overdraft along with fees.
How do you repay overdrafts?
The amount by which any item present on your account exceeds available balance.
what is overdraft?
open by an estates executor or personal representatives.
What is an estate account?
signature/ stamp made onto check
What is endorsment
you agree to pay all charged to your account
fees
It allows you to link one of your accounts as your backup to help pay OD
What is overdraft protection?
Funds transferred to or form your account exceeds available balance.
what is ACH?
A legal arrangement through which funds or assets are held w a 3rd party for the benefits of another party
What is a Trust account?
Money transferred online from you to bank accounts or from bank to you.
What is wire transfer
6
you can withdraw _ times a month from savings
Call your bank inform them and they can cancel any time
How do you cancel your card?
Any purchase made using your debit card.
What is transaction (DEBIT)?
A deposit account held at a financial institution that allows withdrawals and deposits
What is a checking account?
that signature is on 1/2 line on right side.
What are the endorsement requirement.
yes
are fees scheduled
1. check surrounding
2. check for alters
3. have card ready4. Put away everything as soon as used.
How do you choose a safe ATM?
Signature on a check to transfer the check to another person.
What is endorsement?
A bank account that earns interest.
What is a savings account?
Account # may be relied for deposit slip
Why are transaction records and receipt needed?
Overdraft protection
transfer from ___ may result in saving withdraw limit fees
call them within 30 days after they mail the statement
How do you inform the bank of errors.
Two or people are listed as owners of personal account.
What is a joint account?
An account used for business and transaction
you agree not to use for personal purposes.
What is a business account and what do you agree when signing for one?
What can they refuse?
set off
taking money out of your account to pay debt?