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A Bank cannot ask why you are depositing cash but they can always ask, how you got the money. The bank has the right to know the source of the funds that are being deposited into an account with them. This is done to catch potential money launderers and terrorism financers. So, as long as you have a legal source of income for the cash you are depositing, you have nothing to worry about
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Differences between cross and open cheque?
A cross cheque means, the cheque can be deposited in account only, while an open cheque means, the the bearer can withdraw cash. Cross cheque means cheque amount only paid to bank account open cheque cash withdrawal by parties
Can a bank ask why you only deposit cash?
They cannot ask why you are depositing cash but they can always ask, how you got the money. The bank has the right to know the source of the funds that are being deposited into an account with them. This is done to catch potential money launderers and terrorism financers. So, as long as you have a legal source of income for the cash you are depositing, you have nothing to worry about.
Can a check made out to a husband and wife be deposited only to the husband's bank account?
It can be deposited anywhere.
Can a granddaughter cash a grandmothers personal check?
Only if she has power of attorney. Otherwise she have her grandmother go to the bank and cash the check for her. If granny is invalid the the check can be deposited in grann'y account and another checkcut to the grand daughter for the samr amount. If this is to be an attempt to embezzil monies she has to take a differant approach.
What happens when you deposit money through ATM?
Actually the same thing happens if you deposit money through a bank branch by paying the cash to the bank teller. The only difference is that, in most cases, the money deposited is not reflected in the bank account balance immediately and is available only the next day. But some specialized cash deposit ATMs are available with a few banks which accept your cash, count them and credit them into your account immediately
Differences between cross and open cheque?
A cross cheque means, the cheque can be deposited in account only, while an open cheque means, the the bearer can withdraw cash. Cross cheque means cheque amount only paid to bank account open cheque cash withdrawal by parties
How do you cash a crossed cheque with no account?
You cannot. A Crossed Cheque is also called an Account Payee Only Cheque which means that, this cheque cannot be cashed directly. It can only be deposited into the bank account of the person to whom this cheque is issued. So, the only way you can cash the cheque is by opening a bank account (or using your existing bank account) and deposit this cheque.
Can a bank ask why you only deposit cash?
They cannot ask why you are depositing cash but they can always ask, how you got the money. The bank has the right to know the source of the funds that are being deposited into an account with them. This is done to catch potential money launderers and terrorism financers. So, as long as you have a legal source of income for the cash you are depositing, you have nothing to worry about.
Can a check made out to a husband and wife be deposited only to the husband's bank account?
It can be deposited anywhere.
Can a granddaughter cash a grandmothers personal check?
Only if she has power of attorney. Otherwise she have her grandmother go to the bank and cash the check for her. If granny is invalid the the check can be deposited in grann'y account and another checkcut to the grand daughter for the samr amount. If this is to be an attempt to embezzil monies she has to take a differant approach.
What happens when you deposit money through ATM?
Actually the same thing happens if you deposit money through a bank branch by paying the cash to the bank teller. The only difference is that, in most cases, the money deposited is not reflected in the bank account balance immediately and is available only the next day. But some specialized cash deposit ATMs are available with a few banks which accept your cash, count them and credit them into your account immediately
Credit card to purchase a cashiers check?
The only way I know of to do this is to get a cash advance on your credit card as cashier's checks must be purchased with cash. Be aware that the APR on cash advances is higher than regular purchase APRs.
What did ham the chimp die of?
Heart attack. The only disclosed info. - j.dsocal
Which service is provided When the meaning of information is disclosed to only authorized individuals?
confidentiality
What does for deposit only mean on a check?
I means exactly what it says, that the check can only be deposited, not cashed and no cash back on a deposit. An even more restrictive endorsement would be "for deposit only in acct. xxxxxxx". Generally speaking, people use this endorsement to prevent someone from stealing the check and then cashing it out.
What does cash only bond mean?
A cash-only bond means that the individual must pay the entire bond amount in cash, either in full or through a bail bondsman who requires cash collateral. This type of bond does not allow the use of property, assets, or other forms of payment to secure the release of the individual from custody.
What is the meaning of cash folw?
Cash flow statment is that in which only cash transaction are involved. All the payment or receipt related only with cash.
