B Com Exam > B Com Videos > Advanced Corporate Accounting > Banking Company Accounts - 9
Banking Company Accounts - 9 Video Lecture | Advanced Corporate Accounting - B Com
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FAQs on Banking Company Accounts - 9 Video Lecture - Advanced Corporate Accounting - B Com
| 1. What are the common types of accounts offered by banking companies? |  |
Ans. Banking companies typically offer savings accounts, checking accounts, money market accounts, certificates of deposit (CDs), and retirement accounts.
| 2. How can I open a bank account with a banking company? | |
Ans. To open a bank account with a banking company, you will need to visit a branch, provide identification, proof of address, and an initial deposit amount. You may also be able to open an account online or over the phone.
| 3. What fees are associated with banking company accounts? | |
Ans. Common fees associated with banking company accounts include monthly maintenance fees, overdraft fees, ATM fees, and wire transfer fees. It is important to carefully review the fee schedule before opening an account.
| 4. Can I access my banking company account online? | |
Ans. Yes, most banking companies offer online banking services that allow customers to access their accounts, transfer money, pay bills, and view statements. You may also be able to use a mobile banking app for added convenience.
| 5. How can I close my account with a banking company? | |
Ans. To close your account with a banking company, you will typically need to visit a branch in person, complete a closure form, and withdraw any remaining funds. It is important to make sure all outstanding checks and payments have cleared before closing your account.
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Dec 23, 2024 Last updated |
Video Description: Banking Company Accounts - 9 for B Com 2024 is part of Advanced Corporate Accounting preparation.
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