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A counter credit is a general term for an addition to your account. For example if you had a problem with a fee and visited your bank branch they may issue a counter credit to refund the fee into your account. A deposit could also be handled as a counter credit depending on the bank and if you are splitting the deposit between multiple accounts.
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What are the three types of credit cards available in the market and how do they differ from each other?
The three types of credit cards are secured, unsecured, and prepaid. Secured credit cards require a security deposit, unsecured credit cards do not require a deposit but are based on creditworthiness, and prepaid credit cards are loaded with a specific amount of money. They differ in how they are obtained, how they are used, and how they impact credit scores.
How does a credit machine differ from an ATM?
A credit machine is a machine that uses a credit card for purchasing purposes while an ATM is an Automated Teller and is meant to deposit and withdraw cash from an account.
Is a deposit a credit or debt?
Credit :)
What is the difference in counter deposit and deposit?
A counter deposit is made using a blank deposit slip furnished by the bank - the depositor has to write in their own name and account number. A deposit is typically made with a pre-printed deposit slip that the depositor brings to the bank with them.
What credit cards are available that match your deposit?
Secured credit cards are available that require a deposit matching the credit limit.
