Deposit Balance means
the amount from time to time standing to the credit of the Account
(being the property of the Tenant). Deposit Balance means the amount from time to time standing to the credit of the Deposit Account (excluding interest having accrued thereon)
What does remaining balance mean for direct deposit?
If you have multiple accounts, one of your accounts should always have the Deposit Type as Balance. Balance means the
whole balance
or the remaining balance (if you have more than one account) of your check will go to that account.
What is deposit amount?
Using this definition, deposit refers to
the money an investor transfers into a savings or checking account held at a bank or credit union
. … Depositing money into a typical checking account qualifies as a transaction deposit, which means that the funds are immediately available and liquid, without any delays.
What is 999 deposit order?
o Your “Balance of Net Pay” account will be assigned the Priority Value of ‘999’ (
the highest Deposit Order value
) so that all other allocations are processed before that one.
Is a deposit refundable?
A deposit is part of the total cost of something or an advance payment paid for at the time of booking. Businesses will sometimes insist it’s
non-refundable
if you cancel and even write it into the contract. But a business can only do this if the contract term is fair.
How does deposit work?
A security deposit is defined as a fixed amount of money paid to a
property
manager or landlord that ensures the tenant will pay rent and follow the lease. … Once your apartment has been inspected and damage costs have been deducted (if any), your property manager or landlord will then return what’s left to you.
Is a deposit a transaction?
Funds in
a checking account are examples of transaction deposits because they can be used for daily expenses or withdrawn from an account. In contrast, time-based deposits, such as a certificate of deposit, are examples of non-transaction deposits because they cannot be transferred or withdrawn at a moment’s notice.
What is payment description for direct deposit?
A direct deposit can be defined as
a payment made directly into a payee’s account
. The payment can be made electronically from one account to another instead of the traditional check deposit. Direct deposits are especially common for businesses, as they make use of the transaction to pay their employees.
What is the deposit order for direct deposit?
Deposit Order: This is
the order in which you want your net pay deposited
. If you have two accounts set up besides your balance account, your net pay will be deposited in the numerical order that you select in the deposit order box.
What is the difference between amount and balance for direct deposit?
Example of Single Account: If you only have one direct deposit account, it is also your “Balance” account. The amount deposited to this account would be
the total amount of your “Net Pay”
.
What means deposit order?
Order of deposit is meant for those with multiple deposit accounts and is
the order in which you want your pay deposited into your accounts
. If you have more than one account, use the arrows in the Order column to dictate the order in which your money should be deposited into the accounts.
What do I put for direct deposit flat amount?
For instance, if an employee would like to have all but $100 direct deposited into an account, you could set up an account with an Amount Code of “Flat-” and enter an amount of 100. The remaining $100 would be distributed as a check if no other direct deposit is set up to distribute it.
What does deposit sequence mean?
b. Sequence – The sequence number
will establish the order that the paycheck will be disbursed
. **if there is only one account, the entire deposit will be placed in the REMAINING NET account. ** You will not have the ability to enter in amount or percentage for the remaining net account.
Can I get my non-refundable deposit back?
If a payment constitutes a deposit, then the general rule is that
the deposit is non-refundable upon breach of contract
. As such, if the buyer fails to perform the contract or pulls out of the purchase, the buyer has no right to the return of the deposit if the seller terminates for the buyer’s repudiatory conduct.
How do you politely ask for a deposit back?
Mail your landlord
a letter requesting that she return your deposit. Be polite and simply inform the landlord that you have vacated the property and would appreciate the return of your deposit once she has had a chance to complete any checks and paperwork.
Can you change your mind after paying a deposit?
Losing the deposit is not the only risk consumers face when they change their mind and cancel the sale. … Consumers have the legal right to cancel a sales agreement and claim full refund of the deposit paid when the supplier of the contract or service is unable to adhere to the original sales agreement.
