The entire process of going a balance that is outstanding one charge card to a different. Normally done to have a lesser rate of interest in the outstanding stability. Transfers are now and again put through a Balance Transfer Fee. See additionally Transfers Of Balance.
A bank custodian is in charge of keeping the security of customers’ assets held at among the custodian’s premises, a sub-custodian center or a depository that is outside. See also Asset Management – Bank Custodians.
Study of a bank’s assets, earnings, and expenses-as well as operations by representatives of Federal and State bank supervisory authority-to make sure the financial institution is solvent and it is operating in conformity with banking rules and noise banking axioms.
Sporadically the financial institution supplies a statement of a person’s deposit account. It shows all deposits made, all checks compensated, as well as other debits published during the time (usually 30 days), along with the balance that is current.