What is the ledger balance in a checking account?

Answer A ledger balance in a checking account is the total of all deposits and interest accredited, less all withdrawals and other debits that occur in the account. This total, when calculated at the end ... Read More »

Top Q&A For: What is the ledger balance in a checking account

Can you close a checking account with a negative balance?

You cannot close a checking account with a negative balance without filing bankruptcy because the negative balance is money that you, the holder of the checking account, owes to another individual ... Read More »

What is the minimum balance for opening a checking account with Chase Bank?

Chase offers several different checking account types. Most of Chase's checking accounts require a $25 minimum deposit. The minimum deposit for the Chase Premier Platinum Checking is $5,000 for the... Read More »

Is a Money Market Checking Account Also a Savings Account?

Money market deposit accounts (MMDAs) are bank savings accounts that have some of the withdrawal capabilities of checking accounts. Some people think money market accounts are checking accounts bec... Read More »

How many yearly transfers can I have from my PayPal account to my checking account?

Once the identity of the user is verified, there are no limits to the number of transfers that can be requested in one year. PayPal has a limit on the amount of money that can be withdrawn in a one... Read More »