Generally a savings account pays interest, and a checking (current) account doesn't. Also, a savings account cannot be overdrawn, but with permission, it is possible to overdraw a checking (current) account. The previous person is correct, a savings account simply lets you save your money and make a little bit at the same time. With a savings account it is a little harder to spend it since they are not typically tied to a checkbook.
This may depend on the country your in, but I would suggest not. If the debt in question is a debt solely in your name, this will mean the other party on your joint account is not liable for your debt, so they cannot take funds from your joint account.
DDA=Demand Deposit Account....(ex, checking account, savings account, etc) GL=General Ledger.... Credit=Positive Entry, Entry going -in-, opposite of debit....
== == Overdraft on your checking account happens when a withdraw or check written exceeds the funds in the account. Often banks will honor the withdraw or check but then charge the account owner on the borrowed funds. Many banks will offer overdraft protection which will pull money from a different account (often a savings account, line of credit, or credit card).
Signatory means that the person who owns the checking account has signed something linked to the checking account. This could be a document or a check.
I think what they mean is interest income earnt from having money saved in a savings account.
18,000
Its good to have at least $250,000 depending on how big the bank is. Local or international. Answer If you mean bank account, then none. Some banks will charge you if you have less than $100 in your savings account. But most checking accounts are free.
"Intra" means within, as in a transfer within the bank. Your bank may have an agreement where you designate your accounts to and from which funds may go. A checking and savings account at the same bank are examples.
It's like cosigning a loan. It puts you at partial responsibility for the account.
If you see "A/CXFER" on your bank statement, it usually means you've done an account transfer. This could be moving money between your own accounts, like from savings to checking, or it might be transferring funds to someone elseโs account.
Is there a question here? Do you mean how do I get to be a signer or what?