 Is it illegal or some type of fraud to use business credit cards for personal use? |
I'm not talking about maxing them out, but using them instead of personal credit cards, say, if the business closed. The business cards don't show on the personal credit report.
A... |
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 Whats a joint account?? |
| umm my sister was applying 4 mastercard and in the application and they asked her for her joint ... |
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 What if I defaulted on a credit card? |
| First let me say that I have several credit cards. One though has really begun to screw with me. First they raised the interest rate to 21.9% and now the monthly payment is unreal (I have never ... |
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 Which is worse for your credit? Continuously missing payments, or filing bankruptcy? |
| I keep getting letters in the mail from creditors about my deliquent accounts, and am wondering if I should file bankruptcy or not.... |
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 I am a co-signer on a car loan and it probably will get repossessed, what are my rights? |
My father and I are in a car loan together. He is the primary and I am the co-signer. He has the vehicle and he is defaulting on it. How will him defaulting affect me if it is repossesed?
A... |
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 How do these credit card companies get away with ripping people off? |
| credit card companies are charging for you to pay your bill and adding on late fees on your account when you don't even get a statement, how?? there are laws against this, especially in new york.... |
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 I have hired a credit repair agency, Are they any good? |
| I need a mortgage and they claim they can remove most all bad debt from my credit history. I just wanted to get some feedback from those who have used this type of service. Thanks!... |
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 I applied for a credit card, got accepted but then changed my mind...? |
| But when I checked my bank account there is now a credit card account as well with 2 months of late payments and the annual fee tacked on to it. I don't want this credit card at all, but now I�... |
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 What are the average living expenses for a young couple living in their first house? |
| I mean things like certains taxes, gas bills etc. I know there is no fixed answer, but if any of you could help by letting me know some of the expensies or if you in a similar situation how much say ... |
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 Can someone suggest a good credit card? |
| I am looking at paypal or citizensbank credit card. I'm 20 and this will be my first credit card so please suggest a good ... |
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 Should I go for a student credit card or a regular credit card? |
| I am a college student trying to build my credit history. While shopping for credit cards, I notice that banks offer student credit cards for college students. Should I go with the student cards or ... |
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 Debit card using "credit" option? |
I know that when buying stuff at the counter i can use the credit option, then the merchant will place a hold on my fund.
then few days later they will officially deduct the amount.
... |
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 My credit report is 782. Is this good? |
| The site that provided me with the score says that it is equivalent to a "C grade." I am 22, own my own home, and usually pay my bills on time. Is 782 a good score? Considering my age? T... |
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Saheb H | How does an ATM work? |
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TrickMeNicely
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With an internet connection to a transactional database on a server that is owned and operated by your banking institution (or a paid contractor). |
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hacker
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it has got the bank's best cashier inside sitting on a chair, ( A stunt to show off the service readyness), counting bank notes and sometimes refusing you the money wich you own. |
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taketwo
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electronic connections. |
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Tony R
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you put your card in a specific slot or swipe it it makes a transaction after getting your security code and matches your account information |
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Mani G.India
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Automated Teller Machine is linked to a main computer of the bank which keeps updating the accounts of all its accountholders. So, the bank has to be online for proper functioning. Whenever a person withdraws, ATM wirelessly checks with the server computer of the bank whether there is a balance available in the respective account. And if found sufficient balance, then the transaction is started and completed by deducting that money from its account and delivering it to the ATM cardholder. Transaction at the server is complete when it debits and credits at the local level. |
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kritika s
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The ATM process is relatively simple. The ATM owner creates profit through the usage of the ATM. When an ATM customer withdraws money, that customer is charged a surcharge or transaction fee. The amount varies, but the standard amount is $1.50. The ATM owner is rebated a percentage of the surcharge. G. W. Jenkins & Company rebates 100% of the surcharge back to the ATM owner which means that an ATM owner will receive the full $1.50 transaction for that terminal. G. W. Jenkins provides a monthly report of all transactions along with a monthly rebate check.
The actual process of the ATM is as follows:
An ATM customer inserts their card, the ATM will dial-up MAC, which will then contact the cardholders bank to authorize the withdrawal request, the cardholder’s bank will authorize the withdrawal and MAC will authorize the ATM to dispense the requested amount, the ATM will dispense that amount. MAC will then wire transfer the amount withdrawn to the merchant’s settlement bank account. (G. W. Jenkins recommends that the merchant establish a dedicated ATM checking or settlement account) The wire transfer of funds is completed by 2 p.m. the following day, the only exception will be the weekends when the banks are closed, and the ATM owner’s bank receives those funds on Tuesdays. Many competitors will not transfer the funds to the settlement bank for several days. This will cause the merchant to have a substantially larger cash inventory.
The ATM owner therefore only needs a small cash inventory. Usually, the necessary cash inventory is between $2,000.00 and $5,000.00. The ATM owner will replenish the ATM cash as often as necessary, usually 2 times per week. Tuesdays and Fridays are the standard days. The standard denomination used in ATMs is a $ |
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RY
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Open and deposit money in a bank, apply for and receive an ATM card from the bank you deposited money in. When you receive your ATM card you can withdraw your money from an ATM or deposit more money into your account. You will select a pin number that you can remember. Is this the kind of ATM you are talking about ? |
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pinkkidsclubbing
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An ATM is an Automated Teller Machince.You have to have a checking or savings account at a bank.You withdraw money from a machine with a debit card or ATM card. But only if you have the money in a account. |
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Andcelly
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you slide in your card. ask for your PIN.. ask for the amount you want to withdraw.. ask if you want a receipt.. in short.... Its just a machine |
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