tag:blogger.com,1999:blog-68459707985043488362024-03-08T01:51:21.989-08:00AccountsLIFEhttp://www.blogger.com/profile/04300173779860937977noreply@blogger.comBlogger1125tag:blogger.com,1999:blog-6845970798504348836.post-90379676597860931742009-09-11T10:50:00.000-07:002009-09-11T11:14:12.599-07:00Accounts<span class="Apple-style-span" style=" line-height: 28px;font-family:-webkit-sans-serif;font-size:24px;"><p class="MsoNormal"><span class="Apple-style-span" style="font-family:verdana;"><span class="Apple-style-span" style=" line-height: normal; white-space: pre; font-family:Arial;"><span class="Apple-style-span" style="font-size:large;"><b><span class="Apple-style-span" style="color:#FF0000;">Accounts</span></b></span></span></span></p><p class="MsoNormal"><span class="Apple-style-span" style="font-family:verdana;"><span class="Apple-style-span" style=" line-height: normal; white-space: pre; font-family:Arial;"><span class="Apple-style-span" style="font-size:large;"><b><span class="Apple-style-span" style="color:#FF0000;"><span class="Apple-style-span" style="color: rgb(51, 102, 255); font-weight: normal; white-space: normal; line-height: 28px; font-family:verdana;">Transactional account</span></span></b></span></span></span></p><p class="MsoNormal"><span class="Apple-style-span" style="font-family:verdana;"><span class="Apple-style-span" style=" line-height: normal; white-space: pre; font-family:Arial;"><span class="Apple-style-span" style="font-size:large;"><b><span class="Apple-style-span" style="color:#FF0000;"><span class="Apple-style-span" style="color: rgb(51, 102, 255); font-weight: normal; white-space: normal; line-height: 28px; font-family:verdana;">A transactional account (North America: checking account or chequing account,United Kingdom and some other countries: current account or cheque account) is a deposit account held at a bank or other financial institution, for the purpose of securely and quickly providing frequent access to funds on demand, through a variety of different channels. Because money is available on demand these accounts are also referred to as demand accounts or demand deposit accounts.</span></span></b></span></span></span></p> <p class="MsoNormal"><span class="Apple-style-span" style="font-family:verdana;"><span class="Apple-style-span" style="font-size:large;"><span class="Apple-style-span" style="color:#3366FF;">Transactional accounts are meant neither for the purpose of earning interest nor for the purpose of savings, but for convenience of the business or personal client; hence they tend not to bear interest. Instead, a customer can deposit or withdraw any amount of money any number of times, subject to availability of funds.</span></span></span></p> <p class="MsoNormal"><span class="Apple-style-span" style="font-family:verdana;"><span class="Apple-style-span" style="font-size:large;"><span class="Apple-style-span" style="color:#3366FF;">Features and access</span></span></span></p> <p class="MsoNormal"><span class="Apple-style-span" style="font-family:verdana;"><span class="Apple-style-span" style="font-size:large;"><span class="Apple-style-span" style="color:#3366FF;">All transactional accounts offer itemized lists of all financial transactions, either through a bank statement or a passbook. A transactional account allows the account holder to make or receive payments.</span></span></span></p></span>LIFEhttp://www.blogger.com/profile/04300173779860937977noreply@blogger.com0