Rates Current as of Friday February 10, 2012

Yes. The bank may freeze the account to ensure that no funds are withdrawn before the error is corrected. Or the bank may place a hold on the deposit.

This entry was posted on Saturday, October 11th, 2008 at 8:44 pm and is filed under FAQs. You can follow any responses to this entry through the RSS 2.0 feed. You can leave a response, or trackback from your own site.

No user commented in " A deposit was credited to my account by mistake. Can the bank freeze the account? "

Follow-up comment rss or Leave a Trackback

Similiar Content You Might Enjoy

Inflationary Expectations

The rate of increase in the general price level anticipated by the public in the period ahead.

CD Interest Rates November 13, 2009

Bank certificate of deposit rates for the week ending November 13, 2009 were lower for all maturities with the exception of the five year term bank CD. The greatest CD rate reductions were on the mid term, two year bank CDs with the short term rates experiencing only a mild decrease in the average interest

Green CD Rates

First Green Bank in Florida is the first bank of its kind to promote positive environmental and social responsibility while operating as a traditional bank. The bank started operations in 2009 and plans to specialize in services for environmentally friendly businesses and building projects. The bank does accommodate both green and non-green businesses alike. First

SAR

Suspicious Activity Report – a federally required document to be completed in certain circumstances which could indicate robbery, theft or illegal activity such as an internal theft, money laundering or terrorist financing.

Reinvestment Privilege

An option whereby mutual fund dividends and capital gain distributions automatically buy new fund shares.

Banks for Emergency Expenditures and Stable Rates

Banks are great place to get a high rate of return during a rough investment market. Banks are also the number one destination for an emergency cash fund. Everyone needs an emergency savings plan that insulates them from both expected and unexpected large expenditures. Bank CDs and savings products are convenient, offer stable interest rates and FDIC

Tip #20

When you get a PIN number for your debit or credit card, choose and guard it carefully. When selecting a PIN, avoid picking a number that is easy for others to guess – for example, your name, telephone number, date of birth, or any simple combination of these. Never write down your

Top CD Interest Rates September 6, 2011

CD interest rates took a pretty big fall this past week. Economic uncertainty combined with government debt problems in the U.S. and in Europe is the biggest dynamic influencing the direction of interest rates. Based on the most recent economic figures and Fed statements, a slow economy looks to be in the forecast for some

NJ CD Rates with PGB

Peapack-Gladstone Bank is based in Gladstone, New Jersey and provides individual and business banking services in the region. Peapack-Gladstone Bank is a $1.4 billion asset, wholly owned community bank that offers a full range of banking products and services through 23 full-service branches, an online branch and a Trust division, PGB Trust & Investments. Peapack-Gladstone Bank

CD Rates in Alabama at Bank Independent

Bank Independent offers a variety of savings options in Alabama including competitive bank certificate of deposit rates. Bank Independent is an Alabama based community bank. The bank has been servicing businesses and consumers in North Alabama since 1947. Bank Independent offers several ways to manage your money through a variety of checking accounts, savings accounts, money

Certificate of Deposit Rates March 15, 2010

Average interest rates on certificates of deposits moved modestly lower for the week ending March 12, 2010. Although the combined average rate for all bank CD terms measured in the weekly survey of bank CD rates performed by Selectcdrates.com, the rate drop this week was quite mild with two of the four maturities measured showing

What is the difference between EE and I Bonds?

Both Series EE savings bonds and I savings bond are safe, low-risk savings products issued by the U.S. Treasury. The biggest difference is the how the interest rate you receive on the bonds is derived. EE bonds earn a fixed rate of return while I bonds earn a combined fixed rate and added adjustment rate

Custer Federal Bank CD Rates

Custer Federal Savings and Loan Association is a small, singular bank located in central Nebraska. The bank has approximately 13 full time employees. Custer Federal opened in March of 1925. The bank specializes in commercial lending but offers a variety consumer products including bank CDs. Custer Federal offer CD’s for terms of 3, 6, 12, 18,

Bankers Bank

A depository institution organized and owned by other banks to do business with only banks. These banks do not accept deposits from consumers or make loans to the general public.

Ohio Mortgage Loans and Rates at LCNB Bank

Among the many choices for consumers to compare mortgage rates and terms for a new home loan in Ohio is LCNB National Bank. LCNB Bank is a local, Ohio based mortgage lender that still provides in house processing, underwriting and loan approvals. The bank offers a variety of loan options to choose from including fixed

Best Five Year CD Rate in Illinois, Harris N.A. Chicago Tribune Nov. 12, 2008

Harris is running an ad in today’s Chicago Tribune, Nov. 12, 2008 promoting their current CD rates. The ad displays the rate on a five year term CD by Harris at 4.50%. This interest rate is one of the best CD rates offered in Illinois. In the same ad, Harris offers a 7 month CD

Bank CD Interest Rates June 21, 2010

Certificate of deposit interest rates were just fractionally lower for the week ending June 18, 2010 based on the survey of bank CD rates performed by Selectcdrates.com. National CD rates for the three month, six month and two year maturities ended the week unchanged from the prior week. The one year and five

Maturity

The date or length of time on which the principal balance of a loan, bond, or other financial instrument becomes due and payable.

Can the bank charge an overdraft fee while there is a deposit pending?

Yes. Many transactions are processed overnight. These transactions may not be reflected in an available balance. On checking accounts, banks generally post deposits before withdrawals. However, the law does not require this. In addition, banks may establish a cutoff time for deposits made at a branch or through an ATM. Deposits

Delinquency

A debt that was not paid when due.

CD Rate Updates

CD Interest Rates Mildly Lower January 30, 2012

In the most recent survey of bank CD rates conducted by Selectcdrates.com, CD rates slumped slightly compounding last week’s similar dip. The average yield on the Selectcdrates.com CD rate index moved down to 1.081 percent from an average rate of 1.087 percent found in the previous rate survey. The Selectcdrates.com index covers the top ten [...]

CD Interest Rates Hold Steady January 23, 2012

CD rates remained relatively stable in the most recent survey of the top national CD rates. The average CD rate, as measured by the rates on the best three month, six month, one year, two year and five year CD rates, was unchanged from the previous week. The Selectcdrates.com weekly CD rate survey showed the [...]

CD Interest Rates Display Little Change January 16, 2012

The best CD interest rates available were little changed over the past week. Based on the most recent survey of bank CD rates performed by Selectcdrates.com, the average CD rate gave up less than one basis point or 1/100th of a percent week over week. The average CD rate on the highest three month CDs, [...]

Banking & CD FAQs

Is there any benefit to choosing to do business with a bank that is a member of the Federal Reserve System?

On average, member banks tend to be the larger institutions. If you choose to bank at a member institution, you will likely be choosing a larger bank with many branch locations, alternatively, if you choose to hold an account with a nonmember bank, you’ll typically be choosing a smaller institution with fewer branch locations.

What does it mean to “break the buck” and has a money market fund ever done that?

“Breaking the buck” occurs when a money market fund is unable to repay its $1.00 NAV per share. Since Rule 2a-7 was adopted in 1983, only once has a money market fund failed to repay the full principal amount of its shareholders’ investments. In that case, a small institutional money market fund in 1994 “broke

What is the difference between a zero-coupon bond or zero coupon CD and a regular bond or CD?

The difference between a zero coupon bond or CD and a regular bond or CD is that a zero-coupon bond does not pay coupons, or interest payments, to the bondholder or CD holder while a typical bond and CD does make these interest payments. The holder of a zero-coupon bond or CD only receives the

What is the cut-off time for deposits?

National banks may establish different cut-off hours for different types of deposits, as well as for deposits made at different locations.

Best Rates on CDs
Best Interest Checking Account Rates

Discover Bank IRA CD Rates

Emigrant Direct
Sallie Mae Savings

Bank Deals
Checking Account Promotions
Chase Bank Promotions Bank of America Promotions
Capital One Promotions
Citibank Promotion

Second Chance Bank Account
Online Checking Accounts Roth IRA Accounts

Best Credit Card Rates Low Interest Credit Cards Business Credit Cards Credit Cards with Cash Back Credit Card Applications
Best Credit Card Offers
Low Interest Rate Credit Cards
Credit Cards for Bad Credit

Best Prepaid Cards
Chase Bank Credit Cards
Chase Credit Card Offer Chase Freedom Card
Chase Credit Card Interest Rates
Wells Credit Cards
Apply for Citibank Credit Card
Citicreditcard
Student Citi Card
Citibank Dividend Card Balance Transfer Credit Card HSBC Bank Household Bank Credit Card

Personal Checking Account
Bank Certificates of Deposit
Compare Savings Accounts
Setting Up a Bank Account Online Bank Services
Bank Information
Open a Bank Account
Bank Money Markets
Bank IRA Accounts

Mobile Banking Online Banking

CD Ladder
CD Loan

Best Checking Accounts

Senior Checking Account

Car Loan Rate

Business Checking

Online Brokers

----------Calculators ---------

Savings Account Calculator
Compound Interest Calculator
Mortgage Payment Calculator

About Us | Contact Us | Privacy Policy

A deposit was credited to my account by mistake. Can the bank freeze the account?

No user commented in " A deposit was credited to my account by mistake. Can the bank freeze the account? "

Leave A Reply

CD Rate Updates

Banking & CD FAQs

Bank & CD Tips