Search results
Results from the WOW.Com Content Network
A collection item (also called a noncash item) is an item presented to a bank for deposit that the bank will not, under its procedures, provisionally credit to the depositor's account or which the bank cannot (due to provisions or law or regulation) provisionally credit to a depositor's account. [1] Collection items do not create float. [1]
If one day, Bank A needs to transfer out $1.5 million during the day, Bank A is running a daylight overdraft during that day. By the end of that particular day, Bank A has an obligation to pay back the Federal Reserve. A fee is not imposed on collateralized daylight overdrafts, but a 50-basis-point fee is taken on uncollateralized ones. [3]
Liquidity adjustment facility (LAF) is a monetary policy tool which allows banks to borrow money through repurchase agreements (repos) that is primarily used by the Reserve Bank of India (RBI). [ 1 ] The LAF is used to aid banks in adjusting the day to day mismatches in liquidity .
For premium support please call: 800-290-4726 more ways to reach us
Wire transfers can be done by a simple bank account transfer, or by a transfer of cash at a cash office. Bank wire transfers are often the most expedient method for transferring funds between bank accounts. A bank wire transfer is a message to the receiving bank requesting them to effect payment in accordance with the instructions given.
(The Center Square) – Seattle Public Utilities is continuing to accept glass recycling collection despite recent setbacks to the local glass recycling industry. The Seattle region’s major ...
Serviceability (banking) Shaba Number; Sharia and securities trading; Shell bank; Single-tier banking system; Soft count; Soft probe; Sort code; Stale-dated check; STAR (interbank network) Stated income loan; Stock statement; Stop payment; Structural moving average model; Structuring; Substitute check; Substitute checks in the United States ...
Cheque clearing (or check clearing in American English) or bank clearance is the process of moving cash (or its equivalent) from the bank on which a cheque is drawn to the bank in which it was deposited, usually accompanied by the movement of the cheque to the paying bank, either in the traditional physical paper form or digitally under a cheque truncation system.