A cheque paid by a bank that has been debited from the account holder`s account and then confirmed. Once cancelled, an exam is no longer negotiable. The bank`s guidelines on when funds are deposited into an account can be lowered. See related questions regarding the availability of funds. A service that allows an account holder to obtain account information and manage certain banking transactions via a PC via the financial institution`s website. (This is also called online banking or the internet)) All persons designated and authorized to transact on behalf of an account. The signature of each account holder must be deposited with the bank. The signature authorizes that person to make transactions in the name of the account. See related questions about Joint Account Holder Overdraft Opt-In, Joint Account Check Endorsement and Joint Account Liability. A government agency that insures the deposits of all national and public banks that are members of the Federal Reserve System. See related questions FDIC Insurance and Who regulates my bank?.

A deposit of funds that can be withdrawn without notice. A daily time set by a bank for the receipt of deposits. After the cut-off period, deposits are considered received the next day from the bank. See the question on the time of deposit. A payment that is deposited electronically into a person`s account with a custodian institution. the payment history of an account over a period of time, including how often the account was long overdue or exceeded the limit. The written agreement between a borrower and a lender setting out the terms of the loan. A savings account that offers a higher interest rate in exchange for larger than normal deposits. These accounts, insured by the FDIC, have a limitation on the number of transactions allowed and may require higher balances to get the higher interest rate. See related questions about savings and interest rate accounts. The notification required by the Equal Credit Opportunity Act, which notifies an existing credit applicant or debtor of the rejection of their credit application or indicates a change in the terms deemed unfavorable to the account holder.

See related questions regarding credit denials. According to the Equal Credit Opportunity Act, a creditor`s refusal to grant a loan on the requested terms, the termination of an existing account, or an adverse modification of an existing account. See related questions regarding credit denials. A debit card allows the account holder to access their money electronically. Debit cards can be used to obtain money from ATMs or purchase goods or services through point-of-sale systems. The use of a debit card involves the immediate charging and crediting of consumers` accounts. For more information, see Related questions about debit cards. A system set up by a written agreement under which a financial institution is authorized by the customer to debit the customer`s account to pay bills or make credit payments. For more information, see Related questions about pre-authorized payments. The balance of an account less all holding credits, unsused funds and restrictions on the account. A fixed currency (also called fixed currency) is a deposit with a bank that cannot be withdrawn for a given “duration” or period. Once the term is over, it can be withdrawn or considered as another deadline.

The longer the duration, the better the return on the money. In general, there are significant penalties for early resignation. See related questions regarding certificates of deposit. Data that a lender receives indicating that a credit applicant has not paid their accounts with other lenders as required.. . . . .