How to handle bounced payroll checks with bank? November 2, 2009
Posted by Banking in : Other - Business & Finance , 2comments
The company I work for has bounced some paychecks (not mine). Since I am the office manager the individuals have asked me to write checks to their banks explaining that the bounce check is due to the company issues not of their own. Will this help clear up their records at the bank?
Thanks Inspector, unfortunately it has been more than once or even twice for some of the employees. Any suggestions on what the letter should state?
By: julierollence
About the Author:
Thanks Inspector, unfortunately it has been more than once or even twice for some of the employees. Any suggestions on what the letter should state?
By: julierollence
About the Author:
How do you check your free credit score? If u already have your free annual credit report? November 2, 2009
Posted by Banking in : Alternative Fuel Vehicles , 1 comment so far
juan asked:
I get my free credit report every year. I need to know how I can get my free credit score I’d appreciate any good answers someone can teach me, how to get free credit score report.
I get my free credit report every year. I need to know how I can get my free credit score I’d appreciate any good answers someone can teach me, how to get free credit score report.
Does Orchard Bank Credit cards really improve your credit rating? November 2, 2009
Posted by Banking in : Credit , 8comments
I have just been approved for a Gold card from Orchard Bank. This is a secured card, i didn’t have to put $200 down. The reason i have been thinking about using this is i need to improve my credit rating! I have had some problems in the bast due to lack of work. Has anyone had any luck with this company? Has anyone had their credit rating improve over time with this company?Submited by:lorrelle
How is the money supply increased when banks lend out their excess reserves? November 2, 2009
Posted by Banking in : Personal Finance , 2comments
qtpie34 asked:
Banks are required to keep a certain percentage of their deposits on reserve, either in their own vaults or in their accounts at the Fed. This percentage of deposits that they are required to keep is called the reserve requirement. For example, if the reserve requirement is 5%, when a customer deposits $100 at the bank, the bank only has to keep $5 of that $100 deposit. The remaining $95 (called excess reserves) can be lent out to other customers.
Banks are required to keep a certain percentage of their deposits on reserve, either in their own vaults or in their accounts at the Fed. This percentage of deposits that they are required to keep is called the reserve requirement. For example, if the reserve requirement is 5%, when a customer deposits $100 at the bank, the bank only has to keep $5 of that $100 deposit. The remaining $95 (called excess reserves) can be lent out to other customers.