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In banking terms special monitoring accounts means those accounts which have to monitors closely beacuse of uncertenity in those account during some speciafic periods or in near future there may be some financial difficulty for there working capital requirements.
You can also called 'stress Accounts' as there are some irregularity for paying dues or intrest part of the loans for these accouts and may be these account will goes into an NPA for the banks.
Special monitoring accounts in banks are accounts created for specific purposes such as monitoring transactions related to high-risk individuals or entities. These accounts allow banks to closely track the activities and transactions of these customers to prevent money laundering, fraud, or other illicit activities. Banks may also use these accounts to comply with regulatory requirements and fulfill their role in preventing financial crimes.
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What has the author Loretta J Mester written?
Loretta J. Mester has written: 'Measuring efficiency at U.S. banks' 'Checking accounts and bank monitoring' 'Efficiency of banks in the third federal reserve district'
Do all banks provide checking accounts?
Yes. Almost all banks provide you with checking accounts.
What banks offer Retirement Accounts?
Many banks offer retirement accounts. Chase and Bank of America are two banks that offer the ability to set up an IRA.
What banks offer children's bank accounts?
There are many banks that are offering children accounts from high street to online accounts though the type of the accounts will vary. One of the banks offering children accounts is Barclay's which is offering Barclay plus account for children between the age of 7-18.
What type of savings does Barclays Wealth offer to its clients?
Barclays offers the typical savings accounts that all banks carry, but they also carry special accounts for children, boarding school students, and college students.
What types of accounts do banks offer?
Banks offer a variety of accounts including: checking, savings, mutual funds, IRAs, CDs, etc. Different banks offer different interest rates and promotions for these different types of accounts.
Who offers 770 accounts?
770 accounts are offered by many banks that offer interests and dividends. Almost all banks within the United States offer 770 accounts.
Who offers business current accounts?
There are a few banks that offer business current accounts. HSBC Bank is one of the most popular banks that offer these types of accounts to their customers.
How many different types of bank accounts do banks offer?
There are four major types of accounts that banks normally offer. It may vary bank to bank what their individual accounts are. The major types of accounts are checking accounts, savings accounts, money market accounts, and time deposits.
What types of banks are allowed to operate foreign currency accounts?
Foreign Banks
Which banks offer debit card accounts?
The majority of banks will offer their customers debit card accounts. These banks include "HSBC", "Bank of America", "Lloyds TSB" and also "Santander".
What banks have passbook savings accounts?
TDBank has them
