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Ivanhr Posted 12 years ago
Vocabulary
finanacial term
I'm looking for a word used to describe a situation where a bank's client wants to close his account but he can't because there are still some money left on the account (so the balance is not 0). The transfer of the remaining money to the client's current(checking) account is called what ??? (payoff, discharge )
Thank you
Thank you
Top answer
Hi Ivan, Ivanhr The transfer of the remaining money to the client's current(checking) account is called what ? Balance payment The account holder can specify the mode of refund of the balance lying in the account that is being closed. The options typically include cash, manager's cheque, demand draft or a credit to another account with the same bank.
- Hi Ivan, Ivanhr The transfer of the remaining money to the client's current(checking) account is called what ?
- Balance payment The account holder can specify the mode of refund of the balance lying in the account that is being closed.
- The options typically include cash, manager's cheque, demand draft or a credit to another account with the same bank.
- Sri
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2 Answers
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Hi Ivan,
The account holder can specify the mode of refund of the balance lying in the account that is being closed. The options typically include cash, manager's cheque, demand draft or a credit to another account with the same
IvanhrThe transfer of the remaining money to the client's current(checking) account is called what ?Balance payment
The account holder can specify the mode of refund of the balance lying in the account that is being closed. The options typically include cash, manager's cheque, demand draft or a credit to another account with the same
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