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How long does it take for a cheque to clear in a Halifax bank account?
It depends on where you write it or where the person you gave it to cashes it. With electronic processing, funds may be debited from your account anywhere from immediately to 48 hours afterwards. If presented in person at the bank it was drawn on for cashing, funds are immediately debited.
Can your bank account be debited without you being told?
NO.
What hapeens to my money when i pay direct debit?
The Money would be immediately debited from your bank account and the bank would initiate proceedings to transfer the cash to the retailer with whom you did the transaction.
Why bank account is debited when commission is received?
commission is an asset
Is bank overdraft credited or debited?
It is a debit and taken out of your account.
Is account debited on same day as withdrawal from ATM?
Yes, when you withdraw cash from an ATM, your bank account is typically debited on the same day as the transaction. The amount you withdraw is deducted from your account balance almost immediately, although it may take some time for the transaction to be fully processed and reflected in your account statement. In some cases, depending on the bank's processing times, the debit may appear on the next business day.
What happens when money is deposited in account is it credited or debited?
deposited money is credited to your concern bank account
Do you need to be connected to a bank account to use Google pay is there a way to send money with Google wallet using a prepaid card?
Yes you do... It's a form of 'electronic currency' - the value of the transaction is debited from the linked bank account.
How central bank of nigeria controls other commercial banks?
central bank control other bank by giving them loan and it debited their account.
What is a uncredited check?
these are the cheques that has been presented to the bank but still they are under process by the bank. The customer account has been debited already.
How do i cancel the first and all payments to be debited from my account?
Call and send a cacellation letter to debitor, and or get a new account number from bank.
What does dr mean on your bank statement?
dr refers to a debit. A transaction in which money was debited or deducted or taken from your account. For ex: if you withdraw $100 from your account using the ATM it would appear in your statement as dr - $100
