Own Bank ATM means that the Bank owns the ATM. If you are a customer of this bank then there is (usually) no charge from withdrawing your own money from your account using this ATM. If the ATM were owned by another bank, you would most likely have to pay a charge to withdraw money from your bank's account.
If it's his account you have access to and if its a joint account yes. If it's your own account no.
It means that you are saving some money in your own bank account.
If you apply for a personal account, yes. There are many account types available each with their own perks.
In India owning a savings account is free. There are no charges to open or maintain an account but you need to maintain a minimum balance as per the banks regulations & features offered. For a basic savings account Rs. 500 would be a minimum balance. For accounts with ATM cards and cheque books it would be Rs. 1000 or even more based on the bank. If you fail to maintain the minimum balance, the bank has the right to charge a penalty on your account.
It means you have spent more money than you have in your bank account and that you therefore own the bank money - if you have not arranged for this by obtaining an overdraft, the bank is going to get very upset by this and they will place charges and a heavy interest on your account. You need to pay the bank back very quickly !.
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form_title= Online Bank Account form_header= Bank from anywhere with an online bank account! Who is your current bank provider?*= _ [50] What is your current interest rate?*= _ [50] What account types do you own?= [] Checking [] Savings
Typically, you can not provide your employer with your dad's bank details while you are waiting for your own bank account to be set up. Most employers require your name to be on the account before they can deposit money to an account.
Every bank gets to make their own rules about such things, however, I have done that successfully with my own bank account.
Your bank can deduct amounts from your own accounts for several reasons. If you cash a check that cannot be collected by the bank the bank will deduct the amount of the check from any of your accounts that has a balance. It can do the same if you overdraw one of your accounts. You gave the bank permission to do so when you opened your accounts. The bank can take bank fees from your account and also fees for check orders.
You don't. You may be able to send your cash using a service such as Western Union, which does not require a bank account. Wire services require a bank account.
You may solely own a bank account whenever you turn 18 or are legally able to contract with the bank. Otherwise, your parent or guardian will have to be on the account with you and accept responsibility for the account.
A savings account with a parent as custodian. You have to be 18 to have your own account.
Own Bank ATM means that the Bank owns the ATM. If you are a customer of this bank then there is (usually) no charge from withdrawing your own money from your account using this ATM. If the ATM were owned by another bank, you would most likely have to pay a charge to withdraw money from your bank's account.
If it's his account you have access to and if its a joint account yes. If it's your own account no.