Personal Banking

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There are free websites, such as NAUPA, and the unclaimed property programs in each state, that will allow a person to find bank accounts in his or her name according to the U.S. Treasury. These are the recommended and reputable sites for searching for bank accounts.

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  • What is the importance of computers in the banking industry?

    Q: What is the importance of computers in the banking industry?

    A: Computers allow banks to provide ATM services, online banking, speedier transactions and accurate tracking and verification of funds. They also make banking institutions more secure through enhanced security and surveillance setups.
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  • What is the definition of a dishonored check?

    Q: What is the definition of a dishonored check?

    A: A dishonored check is defined as a check that has been presented to a banking institution for payment and has been returned to the depositor due to insufficient funds. Dishonored checks are also referred to as bounced checks or returned checks.
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  • Where are Coinstar locations?

    Q: Where are Coinstar locations?

    A: Coinstar offers a kiosk finder on its website to allow customers to find a location using their city and state or zip code. Kiosks are located throughout the United States, Canada, the United Kingdom, and Ireland.
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  • Can I check my bank account balance online?

    Q: Can I check my bank account balance online?

    A: When a consumer banks with a company that offers online banking services, he is typically able to check account balances online. Some bank customers neglect reconciling and monitoring account activity because of the convenience of reviewing account balances online, according to Bankrate.
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  • What is telebanking?

    Q: What is telebanking?

    A: Telebanking is the process of handling bank accounts over the phone. It is also referred to as telephone banking. This service is commonly offered by banks, credit unions and credit card companies. There are often fees associated with using this service.
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  • What are disadvantages of electronic funds transfer?

    Q: What are disadvantages of electronic funds transfer?

    A: A disadvantage of electronic funds transfer (EFT) is that the process cannot be reversed if a sender should enter an incorrect account number. The APSense website states that other disadvantages associated with EFT include the potential for hacking of personal banking details and periodic technical difficulties.
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  • Who is responsible for a person's medical bills after that person dies?

    Q: Who is responsible for a person's medical bills after that person dies?

    A: After death, a person's unpaid medical bills are the responsibility of the person's insurance company and the estate, according to Debt.org. Once a person dies, all of the assets associated with that person, including any house, car, life insurance and other monies, pass into an estate. The estate is typically handled by an executor named in the deceased's will.
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  • What is the difference between a credit union vs. a bank?

    Q: What is the difference between a credit union vs. a bank?

    A: The difference between a credit union and a bank is the ownership. Credit unions are non-profit cooperatives owned by their members, while banks are for-profit entities. They are also insured by different federal agencies; credit unions are insured by the NCUSIF and banks are insured by the FDIC.
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  • Where is the account number on my debit card?

    Q: Where is the account number on my debit card?

    A: The account number associated with a debit card is not located anywhere on the card; rather, the number located on the middle of the front side of a debit card is that card's number itself. The number on the back side of the card, typically three digits, is used to secure the instrument better and to protect against fraudulent use.
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  • Where can you cash a check on Sunday?

    Q: Where can you cash a check on Sunday?

    A: Depending on the type of check, there are several locations available for cashing a check on Sunday. Some banks, such as TCF Bank, are open on Sundays. Other locations include Wal-Mart, Kmart, certain grocery stores, select convenience stores such as 7-Eleven or a check cashing store such as Ace Cash Express.
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  • What is the purpose of petty cash?

    Q: What is the purpose of petty cash?

    A: The purpose of petty cash is to pay for minimally priced business transactions in a cost effective way. Petty cash can only be used for transactions that are not reported to the Internal Revenue Service.
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  • What is the difference between financial and real assets?

    Q: What is the difference between financial and real assets?

    A: The main difference between financial and real assets is that financial assets are cash and securities, such as stocks and bonds, whereas real assets represent tangible possessions, such as real estate, production equipment and inventory. Generally, financial assets are more liquid than real assets because they can be readily converted to cash. Real assets take considerably more time to sell.
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  • What grocery stores cash money orders?

    Q: What grocery stores cash money orders?

    A: A select few grocery stores cash money orders, including Giant Eagle, Food Lion, Food Land and Publix. In addition, some chain stores, such as CVS and Ace Check Cashing, also cash money orders.
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  • Where can I find my bank transit number?

    Q: Where can I find my bank transit number?

    A: The bank transit number is located on the bottom of the check. Every check received from a federally funded financial institution contains a bank transit number which is called a routing number.
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  • What is online bill payment?

    Q: What is online bill payment?

    A: Online bill payment uses the electronic transfer of funds to pay bills without having to write a check or mail a voucher. Companies may make online payment options available to their customers. Alternatively, a bank or another third party may be set up to pay a variety of bills.
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  • What can you use a SMS payment for?

    Q: What can you use a SMS payment for?

    A: SMS payments may be used to pay for digital goods and services, merchandise in retails stores and to transfer funds from one bank account to another individual or a business account. According to Mobile Transaction, as of 2013, the use of mobile phones to make SMS payments is growing rapidly among businesses and consumers.
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  • What is a stale check?

    Q: What is a stale check?

    A: A stale check is one that is presented for payment six months or more past the date on its face. Banks are under no obligation to cash a stale check unless it is a certified check; however, the institution can cash the instrument if it appears to be a payment made in good faith. Each financial institution may have its own policy on whether to pay or decline these checks.
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  • How long do you have to cash a personal check?

    Q: How long do you have to cash a personal check?

    A: According to the Consumer Financial Protection Bureau, a personal check must be cashed within six months to ensure payment. After six months, banks and credit unions are not required to cash the check.
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  • How long is a check valid for?

    Q: How long is a check valid for?

    A: Checks generally do not have expiration dates, and banks may cash checks even if they were written more than six months in the past. However, banks have the option to honor or dishonor a check more than six months old.
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  • How long are travelers cheques valid for?

    Q: How long are travelers cheques valid for?

    A: Two main companies, American Express and Thomas Cook, issue travellers cheques, and neither of the products have expiration dates. According to American Express, unused cheques can be saved for future trips or cashed out when no longer needed.
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  • How do you cash a check if you don't have an ID?

    Q: How do you cash a check if you don't have an ID?

    A: According to the United States Uniform Commercial Code, a person must be identified as the authorized recipient of a payable instrument to transform it to cash. Even though there is no universal identification requirement in place, a form of ID is typically required to cash a check at a bank.
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