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What do you mean by bank correspondence?

In: Banking [Edit categories]

Answer:

This refers to any form of communication received from the bank. For ex: A letter intimating change in minimum balance to be maintained can be considered a bank correspondence.

First answer by Anandvijayakumar. Last edit by Anandvijayakumar. Contributor trust: 782 [recommend contributor ]. Question popularity: 2 [recommend question].

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Relevant answers:

What does correspondence mean?
It means communication from one person to another. Generally considered to be in the form of letter mail.
In what means do banks accept deposit?
The different means by which banks accept deposits are: As cash at their branches As checks at their branches As cash through their ATMs As checks through their ATMs As fund transfers from other banks
What does POD on a bank statement mean?
on a bank account statement, it means Payable On Death
What does CR mean in a bank statement?
CR means a credit has been applied to your account (ie, money returned to you). Credits are expenses for the banks, so they are tallied as expenses on their financial documents.
What does it mean to have a 'run'on the bank?
Usually it means that people lack confidence in the back and withdraw their money - which means that more people lose confidence in the bank and withdraw their money and so on.