Q: A business bank account was opened with Nedbank. Upon opening the bank account an investment(call) account had to be opened in parallel( for international money transfer ). The investment accounts generates interest. Can the interest be used to offset bank charges?
Q:
1. If I have a FNB Islamic cheque account, and when I use swipe my cheque card I get E-Bucks, can I use this E-Bucks?
2. If not what can I do with it?
3. If FNB offers clients who maintains R50,000 as balance, then no bank charges will be charged, if the R50,000 balance is not maintained then a bank charge of R199 is charged, am I allowed to maintain the R50,000 and save on the bank charges? Or is this saving interest?
Q: I have both a current account as well as a savings account at a bank. The savings account is interest-bearing.
In disposing of the interest earned on the savings account, can the interest amount be paid out of the current account or can it only be paid out of the savings account as the interest was earned on this account?