Why did my bank send me an notification saying my balance is 0$ when i just got my debit and i put money in it?

Why did my bank send me an notification saying my balance is 0$ when i just got my debit and i put money in it? Topic: Case single sign on email
June 16, 2019 / By Marylou
Question: I'm 17 and i JUST got my debit card with a savings and checking account about 2 weeks ago that i had to pay 25$ right off the bat as a min wage balance. Yesterday my bank sent me my real one because that one was just a temp. and i got an email notification today saying that "your balance fell from 25.00 to 0.00 on august 11" WHEN i didn't even spend a single penny of it!! I didn't give out my information to anyone. so i was wondering is this normal when you first go from a temp. to a real one or should i call my bank and ask them. the weird thing is when i went to go sign in it said that i still had 25$ left, so now im just confused. help
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Best Answers: Why did my bank send me an notification saying my balance is 0$ when i just got my debit and i put money in it?

Laney Laney | 5 days ago
It's unusual that you got an account at age 17, usually you have to be of legal age to open a bank account. Perhaps the $25.00 is not available since you said it's a "minimum balance". If that's the case, then available money would be at -0- because that $25.00 is not available for you to spend. Put money in the account and spend only that amount, forget that the $25.00 is there if you want to avoid service or maintenance fees.
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Laney Originally Answered: How to analyze a balance sheet if you were working in the credit department of a bank?
First, look at the income statement to see if profits are growing. If not, then maybe at some point the company doesn't even generate a profit, and the bank shouldn't give the loan. You should look back at least 3 years, and a minimum of 5 years. Get the year-to-date period as well. Have financial statements at least compliled from an accountant, although this only means that the accountant aggregated data from the company. Reviewed or audited statements are best, because the auditor did work to veryify the authenticity of the numbers. Are sales growing? If yes, then this is good, as long as the company's gross profit margin isn't falling too fast. And if sales are of commodities, are higher sales merely reflecting the fact that a key commodity input has increased in value? If so, then this doesn't reflect growth, just higher cost of sales. Think sales unit growth on this one. Look at the gross margin (cost of sales / sales) over the time periods that you have. Increasing margins are good because they mean increasing profitability, all else eqal. Decreasing margins reflect the opposite. Incidentally, an increasing margin or an above-peer group margin can be indicative of brand strength. For instance, women pay way above cost for high-end brand names, but not so far above cost for low-end brand names. Look at expenses/sales. If this is increasing, find out why. Maybe sales units have been growing so fast that the company has had to expand the company by acquiring more equipment and employees. If it is decreasing, then that can be a sign of good management, because they are really focusing on improving profits through prudent expense management. Look for high tax rates in one or two of the periods. They are often anomolies, and maybe you want to figure out if they are actually more likely to be lower going forward. Calculate cash flow. There are different ways to do this, and maybe you just want to google for this. One way is to start with net income, add back amortization and non-cash expenses, and subtract non-cash income. Don't add back depreciation, because the company should be reinvesting this back into the company -- i.e., as it uses up assets, it should replace them. There can be some exceptions for this, but not adding back depreciation is most conservative. Cash flow should cover principal and interest at a ratio of at least 1.25x. Otherwise, the loan is too large. Maybe the loan term can be extended to help this, but not extended beyond the ecnomic life of the asset financed. Balance sheet ratios -- you are concerned with leverage. Debt-to-equity. Also, you are concerned with current assets to current liabilities. Higher is better, because the company is then more liquid and better able to come up with the cash to pay the loan sooner. Also, what is the collateral? Maybe this is strictly a loan based on cash flow coverage (which would then need to be high for protection) or maybe the loan also has collateral. If the collateral is real estate, don't lend over 80%. If it is for inventory, don't lend above 70% to 80%, and maybe lower. If you are financing seasonal, trendy items (clothing) or technology, then passage of time can seriously devalue the collateral for good. Maybe leave a cushion of financing 50%. Covenants. You need these as well. Do a search on commercial loan covenants and you can probably find them. Leverage ratios are important. If the company makes leverage too high, then the bank should be able to call the loan in and demand full repayment (a negative covenant). The borrower should provide quarterly statements that are prepared by an accountant (positive covenant).
Laney Originally Answered: How to analyze a balance sheet if you were working in the credit department of a bank?
No, of course not. I have better things to do with my life than sit around thinking of all the ways I've been "wronged," or how others have been "wronged" by me. Measuring the impact of ones actions has to do with how those actions affect others. Addiction is an illness, not a measure of morality. No amount of "good" justifies rape. "Murder" is a sticky subject, though-if you kill someone to prevent harm or suffering, I personally don't believe it's murder, but someone else may hold a different view. However, killing anyone, regardless of age, is still killing. The difference between whether it's murder or mercy is what defines the act as good or bad. I have no personal code. If I am truly wronged, and the person who did it thinks they did nothing wrong, then that person probably has serious psychological issues. Everyone, regardless of religious beliefs or "code," knows when they've done something harmful to another person, unless they have absolutely no morality, in which case they are a sociopath. Since I don't keep a balance sheet, "who decides" is rather a moot question. If, however, I am wronged in such a way that legal action is required, the courts can decide. Whether their decision is right or wrong, however, depends upon the court itself. Some laws are also wrong, and cause more harm than not.

Jeri Jeri
I would go into the bank and talk to a customer service representative. It could be just a small computer error, but go and make sure that the minimum balance really is only $25. Usually it's around $200-500 so I would make sure that. The bank will charge you a fee if you are ever under the minimum balance. Always go in person to the bank with questions as you can just close the account if problems cannot be solved.
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Jeri Originally Answered: Tips to balance your register when handling large sums of money?
Here are some helpful suggestions that might be able to help you out: 1) Count the money at the beginning of each of your shifts. Sometimes you will find that the amount that is on the screen, is not necessarily the amount that you start with. Make out a form for yourself to use with the following headings, which might help you to stay organized, and may help the supervisors, and your other fellows employees to realize that you're not steading money, and that you can account for every cent that you have in your draw etc. Also, during the day keep a running total of how much you deal with. Your Banks Name (put onto letterhead) Balance Sheet for _________________________ Amount Started with if applicable ________________________________ Processed Money through the Day: Cash Dollar Bills $5 x ______ $10x ______ $20x ______ $50x ______ $100x_______ Change .01x_________ .05x_________ .10x________ .25x_________ .1.00x________ 2.00x_________ Bills Paid at the Bank Government Bills ________ x_________ Phone Bills ___________x___________ Utility/Electrical/Water ____x__________ That would be like a summary sheet that you can provide your supervisor each day that you work. Also make a habit of doing another sheet where you do like a spreadsheet and put at the top various headings. If you would like, email me through my profile, and I can set up a template for you to use for each case, which would likely make it easier for you. This is just a sample of what would prove that you're not stealing money, it is a lengthy one, but it will assist your employer to let them know that you're not stealing.
Jeri Originally Answered: Tips to balance your register when handling large sums of money?
Your head teller should be helping you figure out where and why you are short. If he/she isn't then ask them to go over every balance sheet where you were short with you to see if it is something you don't understand about how to justify a certain transaction. I am very surprised they have not being reviewing training with you and counting your drawer with you, if is highly unusual for a bank to let a teller be short and not take steps to get her back on track. You are probably young and easily distracted so at the very least you need to be paying close attention to every transaction no matter how bored and tired you are.

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