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its a merchant service withdrawal
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What is BTOT Deposit?
batch deposit
What does btot dep mean on CHASE bank statement?
On most bank statements for businesses, BTOT refers to the processing fee for a merchant account. In this case, this may be a refund for an overcharge as dep is usually shorthand for deposit.
What does BANKCARD BTOT ADJ mean?
he BTOT abbreviation stands for “batch total.” It precisely will align with your batch deposits for the day. BTOT comes once a day, but there's no guarantee that you will get your bank deposits from a credit card processor in a BTOT form.
how was the federal deposit insurance meant to prevent another depression?
By preventing bank runs
What is meant in by term deposits in banking?
The meaning of a Term Deposit in banking is referring to a savings account or a certificate of deposit. This particular savings account or certificate of deposit pays at a fixed rate of interest until given a maturity date.
What is meant by recurring deposit?
A Recurring Deposit is a special type of bank account wherein the customer will deposit a small amount of money regularly every month. Banks will offer higher interest rates than the usual savings or current accounts because the customer will not withdraw the money until the deposit matures.
What is meant by recurring deposit account?
A Recurring Deposit is a special type of bank account wherein the customer will deposit a small amount of money regularly every month. Banks will offer higher interest rates than the usual savings or current accounts because the customer will not withdraw the money until the deposit matures.
What is meant when one says the are making a fixed deposit?
A fixed deposit is a loan arrangement where you place a specified amount of money into the name of the account holder. A fixed deposit generates a fixed amount of interest over a period of time and cannot be withdrawn for a specified period of time.
How was the Federal Deposit Insurance Corporation meant to prevent another depression?
By preventing bank runs
What is meant by 'playing the float'?
It means writing a check knowing you have insufficient funds and hoping you can make a deposit before the check clears.
Pet deposit different from a security deposit?
I can only answer this for Massachusetts, but I think it's the same in most or all states. MGL c.186 only allows a landlord to collect at the beginning of a tenancy: 1. first month rent; 2. last month rent; 3. security deposit; and 4. a key fee. Anything else is forbidden. Futhermore, a pet deposit is clearly meant to cover damage by a pet. That's a security deposit - it's the same thing. BTW, the deposit must then be handled like a security deposit, which is difficult. The penalty for mishandling it is three times the amount of the deposit.
What is meant by a check conversion?
A check conversion is when a typical paper check that you receive is converted into an electronic check that can still be used to deposit at various institutions.
