Answers about Banking
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The Grameen Bank has uniquely empowered poor individuals, particularly women, by providing microloans without requiring traditional collateral. This innovative
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Banking
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Do UK banks automatically deduct basit rate tax from fixed deposit interest?
Asked by Anonymous
Yes, UK banks automatically deduct basic rate tax from fixed deposit interest payments. This means that the interest earned is subject to a 20% tax withholding
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Banking
What name is given to a section of stream from one bank to the other?
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A section of stream from one bank to the other is commonly referred to as a "cross-section" of the stream. This term is used in hydrology and geology
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Banking
How long doese it take to re -wire colossus?
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Re-wiring a Colossus machine, which was used in WWII for code-breaking, could take several hours to days, depending on the specific modifications needed and the
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Banking
What is ABSA Account?
Asked by Anonymous
An ABSA account refers to a banking account offered by ABSA Group Limited, a major financial services provider in South Africa. ABSA offers various types of acc
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Banking
How long does it take to wire transfer money from Australia to the US?
Asked by Anonymous
A wire transfer from Australia to the US typically takes 1 to 3 business days to complete. The exact time can vary based on the banks involved, the sending and
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Banking
How old do you have to be to open a savings account with us bank?
Asked by Anonymous
To open a savings account with U.S. Bank, you typically need to be at least 18 years old. However, minors can open an account with a parent or guardian as a joi
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Banking
+3
What is the purpose and history of conscience slots in piggy banks?
Asked by Anonymous
Conscience slots in piggy banks serve as a moral reminder for children to reflect on their spending and saving habits, promoting responsible financial behavior.
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Banking
What permanent government agency was created during the new deal to guarantee private deposits against bank failure?
Asked by Anonymous
The Federal Deposit Insurance Corporation (FDIC) was created during the New Deal in 1933 to guarantee private deposits against bank failures. Established under
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Banking
How do you withdraw money from your American bank account while you are overseas?
Asked by Anonymous
To withdraw money from your American bank account while overseas, you can use an ATM that is part of your bank's global network or a partner bank's network to a
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Banking
Is NOT one of the responsibilities of the Federal Reserve A?
Asked by Anonymous
The Federal Reserve does not directly manage the federal government's budget or fiscal policy, which includes decisions on taxation and government spending. Its
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Banking
What time of day do Banks normally post their direct deposit?
Asked by Anonymous
Banks typically post direct deposits in the early morning hours, often between 12:00 AM and 8:00 AM, depending on the institution. The exact timing can vary by
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Banking
Is a check void if not cashed in 60 days?
Asked by Anonymous
A check is not automatically void if it is not cashed within 60 days, but it may become stale-dated. Many banks consider checks stale after six months, meaning
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Banking
How do account rules protect both banks and consumers?
Asked by Anonymous
Account rules protect banks and consumers by establishing clear guidelines for transactions, fees, and account management. These regulations help prevent fraud
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Banking
What does it mean when you ''stop'' a cheque?
Asked by Anonymous
When you "stop" a cheque, it means you instruct your bank to cancel a specific cheque that you have issued, preventing it from being cashed or deposit
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Banking
Who Has offered to purchase Regions Bank?
Asked by Anonymous
As of my last update in October 2023, there has been no widely reported or confirmed offer to purchase Regions Bank. Financial news and acquisition discussions
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How To
+1
How to you check runout?
Asked by Anonymous
To check runout, you typically use a dial indicator mounted on a stable surface near the rotating part, such as a spindle or shaft. Rotate the part slowly and o
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Banking
In us bank As part of the transaction approval process how do you pull back a transaction?
Asked by Anonymous
To pull back a transaction in the US Bank transaction approval process, you typically need to access the transaction management system where the transaction was
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Banking
What does MO TLR mean on bank statement?
Asked by Anonymous
MO TLR on a bank statement typically refers to a "Money Order Transaction - Teller." It indicates that a money order was purchased or cashed at a bank
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Banking
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What is the swift code for RCBC Savings bank in General Trias Cavite?
Asked by Anonymous
The SWIFT code for RCBC Savings Bank in General Trias, Cavite, is RCBNPHMM. This code is used for international money transfers to identify the bank. Always dou
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Banking
How many digits in Santander bank account number?
Asked by Anonymous
A Santander bank account number in the UK typically consists of 8 digits. However, it's important to note that the complete bank account identifier also include
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Banking
What must happen under a fractional reserve banking system?
Asked by Anonymous
Under a fractional reserve banking system, banks are required to keep only a fraction of their deposits in reserve and can lend out the remainder. This process
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Banking
+1
How do you make a payment through western union?
Asked by Anonymous
To make a payment through Western Union, first visit a local agent location or use their online platform. If you're at a location, fill out a money transfer for
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Banking
What does PTB withdrawl mean on bank statement?
Asked by Anonymous
PTB withdrawal on a bank statement typically refers to a withdrawal made via a Point of Transaction Banking (PTB) service, which may include ATM transactions, d
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Banking
What is example of a financial institution?
Asked by Anonymous
A bank is a common example of a financial institution. It provides services such as accepting deposits, offering loans, and facilitating transactions for indivi
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