what banks are safe to deposit my money?

what banks are safe to deposit my money?
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Answer :

In theory all banks should be safe places to put your money into. Reality is though no banks are 100% safe. The issue is what banks do you trust to put your money into? What kind of money are you talking about? If it's a huge amount then you need to talk to a banks senior manager about the security and safety of your funds. If it's just someplace to have your paycheck come to through direct deposit or its a couple of thousand dollars you're trying to hold on to then just talk to a teller or someone who handles that kind thing. The bottom line is that it just depends on what you're trying to do with the money that you have; and which bank can meet your financial needs while providing safety.
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Related questions

Banks in the US, active with the FDIC, only insure $100,000. So if a person has, for example, 10 million dollars and wants to deposit the money in a bank, does he have to look for 100 banks or is there another way to invest that is as low risk as a savings account?

Description : Banks in the US, active with the FDIC, only insure $100,000. So if a person has, for example, 10 million dollars and wants to deposit the money in a bank, does he have to look for 100 banks or is there another way to invest that is as low risk as a savings account?

Last Answer : A person with 10 million dollars probably has a diversified investment portfolio with a variety of risk levels and return levels. As a result, his insurance is that not everything will collapse at the ... 10% above inflation, banks are a very poor choice for someone with lots of money to invest.

What do banks do with the money we deposit there? -SST 10th

Description : What do banks do with the money we deposit there? -SST 10th

Last Answer : Banks keep only a small proportion of their deposits as cash with themselves.They use the major portion of the deposits to extend loans.

Can money be deposited or employed in a bank or association ? Many banks or associations in our country have interest , is it legal to deposit money or work in these banks or associations ? And if someone works in such an association or bank, is it permissible to offer prayers behind him ?

Description : Can money be deposited or employed in a bank or association ? Many banks or associations in our country have interest , is it legal to deposit money or work in these banks or associations ? And if someone works in such an association or bank, is it permissible to offer prayers behind him ?

Last Answer : Conventional banks or associations are based on interest economy. The exchange of interest is the main work of these banks or associations. In the present capitalist economy, these banks are the main means of ... 3 More See books like Ahsanul Fatawa-3/209 , Imdadul Fatawa-1/411 , Gunia-480 etc.

What is the reserve deposit ration (rdr)? a) the proportion of money RBI lends to commercial banks b) the proportion of total deposits commercial banks keep as reserves c) the total proportion of money that commercial banks lend to the customers d) none of the above

Description : What is the reserve deposit ration (rdr)? a) the proportion of money RBI lends to commercial banks b) the proportion of total deposits commercial banks keep as reserves c) the total proportion of money that commercial banks lend to the customers d) none of the above

Last Answer : b) the proportion of total deposits commercial banks keep as reserves

Do you use your bank's mobile deposit (take a picture of the check with a smartphone) capability?

Description : Do you use your bank's mobile deposit (take a picture of the check with a smartphone) capability?

Last Answer : I just hold the check in a folder for a few weeks – just in case there is a problem.

Will technical problems on my banks website and toll free number effect my direct deposit due today?

Description : Will technical problems on my banks website and toll free number effect my direct deposit due today?

Last Answer : Technical problems on your banks system may affect processing of your deposit. Technical problems on your banks website will disable you to access their system so you can't check your balance but ... systems are up and check your balance. Also, banks usually have time outs for maintenance purposes.

Can you make a deposit in a different bank's ATM?

Description : Can you make a deposit in a different bank's ATM?

Last Answer : That is determined by both your bank and the other bank. Some banks don't allow their customers to do this as it takes longer to detect fraud when a check is deposited into one of their accounts ... ATM.) For this same reason, some banks won't accept deposits from non-accountholders at their ATM's.

i. Accepting deposits is the secondary function of Banks. ii. Businessman opens Fixed Deposit Account.

Description : i. Accepting deposits is the secondary function of Banks. ii. Businessman opens Fixed Deposit Account.

Last Answer : Correct the underlined word and rewrite the following sentence: i. Accepting deposits is the ... /account holder can overdraw from his account.

Are banks required to make electronically deposited funds available on the same day of the deposit?

Description : Are banks required to make electronically deposited funds available on the same day of the deposit?

Last Answer : No, they have the right to put a hold on such funds and canspecify the duration of such holds according to their own policiesand internal rules. These holds are usually from 2 to 5 businessdays and sometimes vary with the amount deposited.

Why do banks use deposit slips?

Description : Why do banks use deposit slips?

Last Answer : For tracking purposes. Supposing at the end of the day the take (drawer) ends up over or under. They need to research accounts to make sure everything was credited properly.

Are there any major banks that offer a free checking account without direct deposit?

Description : Are there any major banks that offer a free checking account without direct deposit?

Last Answer : Yes there are. From personal experience I can tell you Associated Bank offers a free checking account without direct deposit.

Which banks offer free checking with direct deposit?

Description : Which banks offer free checking with direct deposit?

Last Answer : US Bank offers free checking with direct deposit. Wells Fargo and Bank of America are two others that offer free checking with direct deposit. All of these banks have locations around the United States.

The reserves held by Commercial Banks over and above the statutory minimum, with the RBI are called - (1) Cash reserves (2) Deposit reserves (3) Excess reserves (4) Momentary reserves

Description : The reserves held by Commercial Banks over and above the statutory minimum, with the RBI are called - (1) Cash reserves (2) Deposit reserves (3) Excess reserves (4) Momentary reserves

Last Answer : (3) Excess reserves Explanation: In banking, excess reserves are bank reserves in excess of the reserve requirement set by a central bank. They are reserves of cash more than the required ... is that doing so may provide enhanced liquidity and therefore more smooth operation of payment system.

The ratio of a bank's cash holdings to its total deposit liabilities is called the - (1) Variable Reserve Ratio (2) Cash Reserve Ratio (3) Statutory Liquidity Ratio (4) Minimum Reserve Ratio

Description : The ratio of a bank's cash holdings to its total deposit liabilities is called the - (1) Variable Reserve Ratio (2) Cash Reserve Ratio (3) Statutory Liquidity Ratio (4) Minimum Reserve Ratio

Last Answer : (2) Cash Reserve Ratio Explanation: Cash Reserve Ratio (CRR) is the amount of funds that the banks have to keep with the RBI. If the central bank decides to increase the CRR, the avail-able amount with the banks comes down. The RBI uses the CRR to drain out excessive money from the system.

Open Market Operations refer to (1) Borrowings by Scheduled banks from RBI (2) Lending by Commercial banks to industry (3) Purchase and sale of Government securities by RBI (4) Deposit mobilization

Description : Open Market Operations refer to (1) Borrowings by Scheduled banks from RBI (2) Lending by Commercial banks to industry (3) Purchase and sale of Government securities by RBI (4) Deposit mobilization

Last Answer : (3) Purchase and sale of Government securities by RBI Explanation: Open Market Operation (OMO) refers to the buying and selling of government securities in the open market in order to expand or ... in the banking system. A central bank uses OMO as the primary means of implementing monetary policy.

Which of the following is not a measure of the Risk Management in Banks? A. CRR B. RTGS C. SLR D. Deposit Insurance

Description : Which of the following is not a measure of the Risk Management in Banks? A. CRR B. RTGS C. SLR D. Deposit Insurance

Last Answer : B. RTGS Explanation: Cash reserve Ratio (CRR) is the amount of funds that the banks have to keep with the RBI. Statutory liquidity ratio (SLR) is the Indian government term for ... is mandatory, and pays claims from a pool of funds to which every depository institution regularly contributes.

Banks can not generally accept interest-free deposits. which of the following is an exception to this rule? A. Current Account B. Savings Account of Minors C. Deposit from Minority groups D. BSBDA E. None of the Above

Description : Banks can not generally accept interest-free deposits. which of the following is an exception to this rule? A. Current Account B. Savings Account of Minors C. Deposit from Minority groups D. BSBDA E. None of the Above

Last Answer : A. Current Account Explanation: Banks cannot accept interest free deposits other than in current account.

What is difference between banks & HFCs? A. HFCs cannot accept demand deposits B. It cannot issue cheques drawn on itself C. deposit insurance facility of Deposit Insurance and Credit Guarantee Corporation is not available to depositors of HFCs D. All of the Above E. None of the Above

Description : What is difference between banks & HFCs? A. HFCs cannot accept demand deposits B. It cannot issue cheques drawn on itself C. deposit insurance facility of Deposit Insurance and Credit Guarantee Corporation is not available to depositors of HFCs D. All of the Above E. None of the Above

Last Answer : D. All of the Above Explanation: HFCs are doing functions similar to banks as banks also provides housing loans. However, there are a few differences as given below: ♦ HFCs cannot accept demand ... Credit Guarantee Corporation(DICGC) is not available to depositors of HFCs, unlike in case of banks.

Which of the following is/are not eligible to issue Certificates of deposit(CD)? A. RRBs B. Co-operative banks C. Scheduled banks D. Both (A) and (B) E. None of the Above

Description : Which of the following is/are not eligible to issue Certificates of deposit(CD)? A. RRBs B. Co-operative banks C. Scheduled banks D. Both (A) and (B) E. None of the Above

Last Answer : D. Both (A) and (B) Explanation: All scheduled banks (except RRBs and Co-operative banks) are eligible to issue CDs

Payment banks can accept a restricted deposit which is currently limited to _______ per customer account. A. Rs.1 lakh B. Rs.3 lakh C. Rs.2 lakh D. Rs.5 lakh E. None of the Above

Description : Payment banks can accept a restricted deposit which is currently limited to _______ per customer account. A. Rs.1 lakh B. Rs.3 lakh C. Rs.2 lakh D. Rs.5 lakh E. None of the Above

Last Answer : A. Rs.1 lakh Explanation: Payment banks can accept a restricted deposit which is currently limited to Rs. 1 lakh per customer account.

Mark the correct option a) Maximum 12 deposit can be made in a financial year and more than one deposit can be made in one month b) Only one account can be opened in Post office or SBI or any nationalized banks. c) The account can be transferred from one PO to another and PO to State bank or nationalized bank vice versa. d) All the above

Description : Mark the correct option a) Maximum 12 deposit can be made in a financial year and more than one deposit can be made in one month b) Only one account can be opened in Post office or SBI or any ... from one PO to another and PO to State bank or nationalized bank vice versa. d) All the above

Last Answer : d) All the above

This reading device is readily used in banks to read the numbers on the bottom of checks and deposit slips: a) MICR b) OCR c) GRE d) None of The Above

Description : This reading device is readily used in banks to read the numbers on the bottom of checks and deposit slips: a) MICR b) OCR c) GRE d) None of The Above

Last Answer : a) MICR

The rate of Simple Interest in UBI & BOI are in the ratio of 5:4. Mr.Naveen wants to deposit his total savings in two banks in such a way that he receive equal half-yearly interest from both banks.He should deposit in both banks UBI & BOI in the ratio of a) 2:5 b) 1:5 c) 4:5 d) 3:5 e) None of these

Description : The rate of Simple Interest in UBI & BOI are in the ratio of 5:4. Mr.Naveen wants to deposit his total savings in two banks in such a way that he receive equal half-yearly interest from both banks.He should deposit in both banks UBI & BOI in the ratio of a) 2:5 b) 1:5 c) 4:5 d) 3:5 e) None of these

Last Answer : R1 =5x R2=4x T1=T2=1/2 yr [P1*5x*(1/2)]/100 = [P2*4x*(1/2)]/100 P1:P2 = 4:5 Answer: c)

The reserves held by Commercial Banks over and above the statutory minimum, with the RBI are called (1) Cash reserves (2) Deposit reserves (3) Excess reserves (4) Momentary reserves

Description : The reserves held by Commercial Banks over and above the statutory minimum, with the RBI are called (1) Cash reserves (2) Deposit reserves (3) Excess reserves (4) Momentary reserves

Last Answer : Excess reserves

Open Market Operations refer to __________ . (1) Borrowings by Scheduled banks from RBI (2) Lending by Commercial banks to industry (3) Purchase and sale of Government securities by RBI (4) Deposit mobilisation

Description : Open Market Operations refer to __________ . (1) Borrowings by Scheduled banks from RBI (2) Lending by Commercial banks to industry (3) Purchase and sale of Government securities by RBI (4) Deposit mobilisation

Last Answer : Purchase and sale of Government securities by RBI

The ratio of a bank’s cash holdings to its total deposit liabilities is called the (1) Variable Reserve Ratio (2) Cash Reserve Ratio (3) Statutory Liquidity Ratio (4) Minimum Reserve Ratio

Description : The ratio of a bank’s cash holdings to its total deposit liabilities is called the (1) Variable Reserve Ratio (2) Cash Reserve Ratio (3) Statutory Liquidity Ratio (4) Minimum Reserve Ratio

Last Answer : Cash Reserve Ratio

Is anyone else wondering if their money is safe in their banks?

Description : Is anyone else wondering if their money is safe in their banks?

Last Answer : answer:I doubt there is such a site. I asked a similar question about retail establishments once and someone pointed out the logic that if you announce a weakness of any particular entity it will ... lag time between the bank closing and you having actual access to your cash even if FDIC insured.

What are demand deposits? How is money safe with the banks? Explain. -SST 10th

Description : What are demand deposits? How is money safe with the banks? Explain. -SST 10th

Last Answer : a deposit of money that can be withdrawn without prior notice, e.g. in a current account. For banks, FDIC insurance is the government-backed program that insures deposits. ... If your bank or ... federal government, with backing from the US Treasury, can replace any money that was lost by the bank.

Where can I buy a safe deposit box?

Description : Where can I buy a safe deposit box?

Last Answer : The best place to choose a safety deposit box would be at your local post office. You can find these in the phone book for your local area.Some charge a fee while others are free.

When the whole or the part of the security deposit of an official is to be forfeited the form of security bond must be a) Kept in safe locker b) Kept in custody of postmaster c) Sent to Head of the circle or Administration office d) Either A or B Ans:c(259) 11. Deposits of employees

Description : When the whole or the part of the security deposit of an official is to be forfeited the form of security bond must be a) Kept in safe locker b) Kept in custody of postmaster c) Sent to Head of the circle or Administration office d) Either A or B Ans:c(259) 11. Deposits of employees

Last Answer : c) Sent to Head of the circle or Administration office

Can one give deposit money to any bank account without consent?

Description : Can one give deposit money to any bank account without consent?

Last Answer : Yes, if you have the account number, you can make a deposit.

Do you use the Walmart Money Card? Have you had an issue with your direct deposit?

Description : Do you use the Walmart Money Card? Have you had an issue with your direct deposit?

Last Answer : answer:No, mostly because if you have direct deposit you can get a grown-up bank account usually with no fees at all. I use Chase, personally.

If I made a deposit this morning and my account says the money is "pending," can I make purchases greater than the amount in my bank account?

Description : If I made a deposit this morning and my account says the money is "pending," can I make purchases greater than the amount in my bank account?

Last Answer : can I make purchases greater than the amount in my bank account? one would imagine not…

Is there a limit on how much money I can deposit in my bank account?

Description : Is there a limit on how much money I can deposit in my bank account?

Last Answer : answer:No you would have to give some of it to me. :D Googling resulted in a mention of a $100,000 cap of the FDIC would cover. So, I think @WestRiverrat has it right.

Did I deposit my money correctly?

Description : Did I deposit my money correctly?

Last Answer : No problem, banks are honest. As long as the deposit fed into the ATM you are OK.

Have you ever kept your money in a fixed deposit account?

Description : Have you ever kept your money in a fixed deposit account?

Last Answer : Yes. Of course. I make use of fixed deposit accounts to earn some good interest. It is definitely a good investment option. While giving a fixed rate of interest based on the amount and the ... gives you the confidence that you are in control of your money and you are not spending unnecessarily.

Do I need a certificate of deposit to deposit money into my account?

Description : Do I need a certificate of deposit to deposit money into my account?

Last Answer : You do not need a certificate of deposit (also known as a CD) to deposit money into an account - unless you are attempting to deposit money into a CD account. Most banks only require you to ... speaking, however, you should not have to open a CD to deposit funds into a regular checking account.

What happens if I need the money from my certificate of deposit before my term is over?

Description : What happens if I need the money from my certificate of deposit before my term is over?

Last Answer : If you need to withdraw the money from a certificate of deposit before the term is over, you usually have to pay a penalty. The penalty varies from bank to bank and depends on the term of your certificate.

Which of the following is not a „Money Market Instrument‟? A. Treasury Bills B. Commercial Paper C. Certificate of Deposit D. Equity Shares

Description : Which of the following is not a „Money Market Instrument‟? A. Treasury Bills B. Commercial Paper C. Certificate of Deposit D. Equity Shares

Last Answer : D. Equity Shares Explanation: There are several money market instruments, including treasury bills, commercial paper, bankers‘ acceptances, deposits, certificates of deposit, bills of exchange, repurchase agreements, federal funds, and short-lived mortgage-, and asset-backed securities.

Which of the following is the most active segment of the money market in India? A. Commercial Paper(CP) B. Certificate of Deposit(CD) C. Call Money D. All of the above E. None of the Above

Description : Which of the following is the most active segment of the money market in India? A. Commercial Paper(CP) B. Certificate of Deposit(CD) C. Call Money D. All of the above E. None of the Above

Last Answer : C. Call Money Explanation: Call money is short-term finance repayable on demand, with a maturity period of one to fourteen days or overnight to fortnight.

A trad-able form of loan is normally termed as ________ A. Certificate of Deposit (CD) B. Inter Bank term Money C. Bill Re-discounting D. Debt Instrument E. None of the Above

Description : A trad-able form of loan is normally termed as ________ A. Certificate of Deposit (CD) B. Inter Bank term Money C. Bill Re-discounting D. Debt Instrument E. None of the Above

Last Answer : D. Debt Instrument Explanation: A trad-able form of loan is normally termed as a Debt Instrument. They are usually obligations of issuer of such instrument as regards certain future cash flow representing Interest & Principal, which the issuer would pay to the legal owner of the Instrument.

. If a money order cannot be paid owing to the death of the payee a) It should be paid to his relatives in the address b) It should be treated as an unclaimed order c) It should be kept in deposit d) None of these

Description : . If a money order cannot be paid owing to the death of the payee a) It should be paid to his relatives in the address b) It should be treated as an unclaimed order c) It should be kept in deposit d) None of these

Last Answer : b) It should be treated as an unclaimed order

High Value money order received without HVMO list a) Will be returned to the remitter b) Will be paid as usual c) Will be sent to divisional office for further order d) Will be kept in deposit to ascertain genuineness from the office of issue

Description : High Value money order received without HVMO list a) Will be returned to the remitter b) Will be paid as usual c) Will be sent to divisional office for further order d) Will be kept in deposit to ascertain genuineness from the office of issue

Last Answer : d) Will be kept in deposit to ascertain genuineness from the office of issue

In PO when duties of Pas are combined, the combination permissible is a) Money order & Treasury b) Sub account & mail c) Delivery and Deposit d) Delivery and mail

Description : In PO when duties of Pas are combined, the combination permissible is a) Money order & Treasury b) Sub account & mail c) Delivery and Deposit d) Delivery and mail

Last Answer : a) And brought in to a separate head at the PO

What is the currency deposit ratio (cdr)? a) ratio of money held by the public in currency to that of money held in bank deposits b) ratio of money held by public in bank deposits to that of money held by public in currency c) ratio of money held in demand drafts to that of money held in treasury bonds d) none of the above

Description : What is the currency deposit ratio (cdr)? a) ratio of money held by the public in currency to that of money held in bank deposits b) ratio of money held by public in bank deposits to that of money ... ratio of money held in demand drafts to that of money held in treasury bonds d) none of the above

Last Answer : a) ratio of money held by the public in currency to that of money held in bank deposits

Shweta deposits a certain amount on 1st January and 1st July (Same amount on both days) in a bank that offers 5% compound interest, compounded half-yearly. Shweta gains interest of Rs.121 at the end of the year. How much money did Shweta deposit? a) 1200 b) 1300 c) 1400 d) 1500 e) 1600

Description : Shweta deposits a certain amount on 1st January and 1st July (Same amount on both days) in a bank that offers 5% compound interest, compounded half-yearly. Shweta gains interest of Rs.121 at the end of the year. How much money did Shweta deposit? a) 1200 b) 1300 c) 1400 d) 1500 e) 1600

Last Answer : Let the amount be P Half yearly rate = 5/2 = 2.5% For the deposit on January, Amount = P (1 + 2.5 / 100)2 For the deposit on July, Amount = P (1 + 2.5 /100) We can solve the question by ... Amount in July = 1600 1.025 = 1640 So total interest = 81 + 40 = 121 Required answer is 1600 Answer: e)