Finance - Recent Questions, Troubleshooting & Support
What are annuities?
Annuities are used as part a retirement strategy where you make an investment in an annuity plan and it serves as an income that is paid to you later either in installments or as one lump sum.
2/24/2023 11:03:40 AM •
Finance
•
Answered
on Feb 24, 2023
What is Remote Deposit?
Remote deposit is the possibility of depositing a check into a bank account from home, an office or a location different than the bank itself. This is done by scanning a digital image of the check and sending the image through a computer to the bank, without the need of physically delivering the check to the bank.This option has been available since 2004 for businesses and recently to private customers.
2/24/2023 11:00:22 AM •
Finance
•
Answered
on Feb 24, 2023
What is a Brokerage Account?
According to investopedia.com a
brokerage account is "an
arrangement between an investor and a licensed brokerage firm that allows the
investor to deposit funds with the firm and place investment orders through the
brokerage, which then carries out the transactions on the investor's behalf.
The investor owns the assets contained in the brokerage account and must
usually claim as income any capital gains he or she incurs from the account."
2/24/2023 10:58:19 AM •
Finance
•
Answered
on Feb 24, 2023
Is Remote Deposit the same thing as Online
Online deposit is sometimes called remote deposit but the two are slightly different.Both actions allow the customer to deposit a check in his bank account without physically bringing it to the bank. However, the remote deposit requires the customer scanning a digital image of the check and sending it to the bank for the money to be deposited. While the online deposit allows an authorized customer to record a check through an online application and then mailing the physical check to the bank, which gives the customer access to the funds before the check clears in the usual way.
2/24/2023 10:55:32 AM •
Finance
•
Answered
on Feb 24, 2023
How do i access my Business Line of Credit?
Different banks offer different methods for customers to access their line of credit loans. Most provide personalized checks, access cards, online and telephone money transfers.
2/24/2023 10:47:58 AM •
Finance
•
Answered
on Feb 24, 2023
What is a liability limit?
A liability limit sets how much coverage the homeowner gets ifsomething happens. A liability limit will generally start at $100,000, though there are other policies with much higher limits.
2/24/2023 10:47:27 AM •
Finance
•
Answered
on Feb 24, 2023
Are there different types of mutual funds?
I live in the US so this is how it works here,
I'm not sure about other countries. In the US, there are 3 main types of mutual
funds.1. open end funds 2. Unit investment trusts 3. Closed end trusts. Mutual
funds will usually refer to open end types of funds. Exchange-traded funds are
open end funds or unit investment trusts that trade using an exchange.
2/24/2023 10:46:50 AM •
Finance
•
Answered
on Feb 24, 2023
Are there tax benefits to annuity plans?
Yes there are! The money you invest in an annuity plan is not taxed, its tax is deferred. This means that you don't pay taxes on the money now, but when you start to receive your annuity income during retirement it is taxes like a regular income tax.
2/24/2023 10:41:11 AM •
Finance
•
Answered
on Feb 24, 2023
What is a business savings account?
A business savings account is an bank account for big orsmall businesses, that allows you to deposit the money you earn and save it, while you also earn an annual percentage yield. The bank providing the service usually asks for a monthly maintenance fee.
2/24/2023 10:39:12 AM •
Finance
•
Answered
on Feb 24, 2023
How can i access my line of credit?
In order to access your line of credit you are usually provided with personalized checks, but you can also access online or at a branch of your bank.
2/24/2023 10:31:26 AM •
Finance
•
Answered
on Feb 24, 2023
What is the difference between a loan and a line
When you apply for a loan, you apply for an amount of money that you borrow for a specified length of time. You then pay it off through monthly payments. On the other hand a line of credit is a sort of loan that doesn't have a specified end date, while it has a specified credit limit. It resembles a credit card account, except the fact that you access the funds directly rather than with the card. In the line of credit, instead of paying the whole amount of the loan, you pay only what you use and the account is always available to you up to your pre-assigned credit limit.
2/24/2023 10:29:33 AM •
Finance
•
Answered
on Feb 24, 2023
What are Electronic Fund Transfers (EFTs)?
This operates with a plastic card. You should get one of these from your bank, and activate it as instructed. They are typically used at an ATM, and you can also use it at a shop to make a purchase, which is called EFTPOS, You will swipe the card and enter your PIN code, and then you have made payment.
2/24/2023 10:28:05 AM •
Finance
•
Answered
on Feb 24, 2023
What is an umbrella policy?
An umbrella policy, also known as an excess
liability policy, is "a separate
policy that pays money to the policyholder after the liability limit on your
regular homeowners insurance has been reached. Some umbrella policies defend
against things like invasion of privacy, slander and libel. Generally, you have
to have $300,000 in regular coverage before you can get an umbrella policy, and
the more coverage you have in your regular policy, the cheaper your umbrella
policy will be. An umbrella policy of $1 million in extra liability protection
can cost $200 to $350 a year." -
http://home.howstuffworks.com/real-estate/homeowners-insurance4.htm
2/24/2023 10:25:55 AM •
Finance
•
Answered
on Feb 24, 2023
Is work-study considered a loan?
Work-study is not exactly a
loan. It's kind of like indentured
servitude J. Usually work study programs are federal
options where you sign up to be employed by a college or university for a
number of years or months and have your tuition plaid for, instead of receiving
a pay check. It's unlike a loan in that
you do not owe anyone money, but you are required to "pay" in work hours.
2/24/2023 10:22:08 AM •
Finance
•
Answered
on Feb 24, 2023
Not finding what you are looking for?
