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How much should be my initial deposit?
Any reputed bank in Indonesia would ask for an initial deposit of about IDR 1,000,000 for opening a regular current account. It would also need minimal core deposits Rp 100,000.
What will be the initial deposit to open a Bank of America account?
I think it is US $ 500 for a simple checking account. The bank would give you an ATM card and a check book for this account. However if you arrange to have a Direct Deposit (Your Monthly Salary/paycheck) into this account Bank of America waives this minimum balance requirement and you can have it as a Zero-Balance checking account.
Will it cost you to open a bank account?
Most banks don't charge you for opening a normal bank account. However they would expect you to deposit a certain amount of money as initial deposit towards your account that is being opened. If you want to open an NRI account or a private banking account (like what some banks offer their wealthy clients) you may have to incur some charges while opening them.
Who much is the opening deposit for a checking account?
It depends on the bank and also the type of account you are opening. for example a basic feature savings account in a nationalized bank in India requires a min balance of 500 rupees and for an account with a cheque book requires 1000 rupees for private banks the min balance is usually 2500 or 5000 or even more based on the facilities provided.
How do you open a bank account to deposit a account payee cheque?
by opening a/c only can deposit n withdraw money
Can you make a checking account without a deposit?
On opening an account backs will normally ask for a small deposit to start the process.
How long to get a basic bank account?
Usually, it takes only a few minutes to open a basic bank account. As long as you have all the documents the bank would require for opening an account (like ID proof, address proof, initial deposit money) the bank would finish all the account opening formalities the same day. The account will be active from that moment on and you can start using it immediately.
What is the journal entry for deposit to bank account for beginning a business?
Journal entry for opening a bank account
What documents are required for opening a saving account?
In order to open a bank account you require the following: a. Identity Proof - Passport, Drivers License etc b. Address Proof c. Photographs d. Money for initial deposit & e. Someone to introduce you to the bank The last item on the list is optional but most banks expect an existing customer of the bank to introduce any new customers. If you are not the citizen of the country in which you are trying to open the account, you need to show proof of earning income in the country in order to open an account. Submitting all these documents makes opening an account easier.
What are thebasic requirements for a fixed deposit account?
The basic requirements for opening a fixed deposit account are: a. Amount to deposit b. Existing relation with bank (You need to hold some sort of account with the bank. Else, you will be asked to open one) c. Source/Proof of legal income If you have these, any bank will be willing to open an fixed deposit account for you.
How do you purchase a futures contract?
You purchase a futures contract by first opening a futures trading account, which is a margin account, with a futures broker. Once that is done, simply choose the specific futures contract you wish to buy and then pay its "Initial Margin", which is a deposit needed to start a futures trade.
How much cash must be deposited to open a checking account at the Whidbey Island Bank?
"Whidbey Island bank requires you to make a deposit of 100 dollars to open a checking account with them. If you are opening a savings account, you must deposit at least 150 dollars."
