can issuing bank be reimbursing bank?
602601
Issuing bank gives reimbursement authorization to reimbursing bank. Reimbursing bank issues its reimbursement undertaking and transmits it to the nominated bank via swift message. Beneficiary presents documents to the nominated bank. Nominated bank checks the documents and negotiate upon a complying presentation.
1223178
Rupay is an Indian platform. And also new hence it is not accepted by international companies. ... Can we have 2 debit cards on the same bank account with different types, like one Visa and one RuPay?
867259
If they are in the account with you, then yes you are able to. Also depending on the amount, some Wells Fargo branches will accept the deposit if you accept the risk of it getting returned and paying the fee but the person that the check is made payable to needs to be there with a valid ID.
390633
If a buyer can't be found, the FDIC sells the failed bank's assets and uses some of that cash to cover losses suffered by depositors. The FDIC also repays depositors with cash held in its insurance fund. This fund is replenished with premium payments from solvent banks.
611826
NBFCs are not permitted to issue debit cards, smart cards, stored value cards, charge cards, etc. ... Further, NBFCs have to comply also with the instructions issued by Bank to commercial banks vide DBOD.
1353966
However, a requisition letter can be given to the bank stating the applicant's bank account and the both old and new signatures shall be affixed in the letter. The applicant can submit the copy of his/ her passbook, valid proof of identity like driver's license or voter id for reference.
1211050
First let's clear up one myth - giving out your bank account number and BSB is fine. "There is no issue in giving out your BSB/account details as it's only possible to deposit funds rather than withdraw funds," an ING spokesperson told Money. "If an unauthorised debit occurs then the debiting institution is liable."
1428052
How to reverse payment on FNB. ... You will have to download and complete a Payment Reversal Request Form. If your request for a withdrawal is from a Business Account, you have to sign the Waiver and Indemnity Form based on the Company Mandate which you will need to attach a copy of to your request.
206480
You may also transfer funds to other person's accounts maintained at the same branch or different branch of our Bank if required by you. This facility is called as Third Party Transfer. ... You may transfer funds to your Loan accounts within TMB using Loan Account Transfer option.
1316926
They are legal tender but contrary to popular belief this does not mean that banks and retailers automatically have to accept them. Indeed you will probably find that most banks and retailers refuse.
1240013
Mutual banks have a different corporate structure than commercial banks. They do not have shareholders, but rather are owned mutually by their depositors. They cannot be bought and answer only to their customers.
249390
If the applicant is an account holder of the Bank, it will permit RTGS money transfer with a cheque of home branch at an outstation branch under Core Banking Solutions.
511306
Any individual who is a member of the joint account can withdraw from the account and deposit to it. ... Either owner can withdraw the money from the account when they want to without getting permission from the other owner. So if a relationship sours, one owner could legally take all the money out.
1254288
This is not the case, you can actually take distributions of any sort, not just RMDs, from your plan (IRA or QRP) in either cash or “in kind”. ... These distributions in kind can be used to satisfy your RMD for the year. There can be both pros and cons to taking distributions in kind.
849043
To the owner of the account, a checkable deposit in an asset. Conversely, because the depositor can withdraw funds from an account at any time and the bank is obligated to pay, checkable deposits are a liability for the bank.
1039967
A: Yes, generally speaking at major retail banks in the USA. Joint owners on an account can deposit checks to that account made payable to one or more of the joint holders. ... have her endorse the check with her signature and then take it to the teller or ATM.
273724
Banks should not execute guarantees covering inter-company deposits/loans thereby guaranteeing refund of deposits/loans accepted by NBFC/firms from other NBFC/firms. ... Banks can issue guarantees favouring other banks/ FIs/ other lending agencies for the loans extended by the latter as per their Board approved policy.