Each account holder must have a Waccamaw Bank ATM card or Waccamaw Visa Check Card. If they do, then each person may sign up for access. Since the Bill Pay service is associated with an individual, a joint account may not be shared as the Bill Pay account.

A Debit card is valid globally and can be used to withdraw funds from your NRE savings account. NRO Account holders receive only an ATM card, as per RBI regulations.

Ans. Yes. except for the purpose of relending, carrying on agricultural/plantation activities or for investment in real estate business. Loans against NRE fixed deposits can, however, be utilised for investments in India on non-repatriation basis, in certain specified areas and for acquisition of flats/houses subject to prescribed conditions.

Yes. Authorised dealers may allow such overdrawings up to Rs. 1,000/- subject to the condition that the overdrawings together with the interest payable thereon are cleared within a period of two weeks.

Quickremit - Our completely online remittance service that enables you to remit funds to a beneficiary in India from the US, UK and Singapore. IndiaLink - A fast and efficient way to send remittances to India through Exchange Houses in the Gulf. Telegraphic transfer - SWIFT money transfers into your account from any of our correspondent banks overseas.

The Non Resident Ordinary (NRO) Account is a savings account held in India, in Indian rupees. The NRO account can be funded through NRI income in India. Only the interest in an NRO account is repatriable. Interest income on this account is liable for Indian Income Taxes.

Customers may make remittance via their joint name RMB savings account but the remitter should be one of the account holders only. In addition, the remitter and beneficiary should be the same person.

You can create a Fixed Deposit online using the NetBanking facility provided against your NRE / NRO Rupee Savings Account. In case you do not have NetBanking access, you can fill the application form and send it to your branch in India.

Yes. Nomination is permitted for accounts with joint holders. But, in case of death of any of the joint holder, the securities will be transmitted to the surviving holder(s). Only in the event of death of all the joint holders, the securities will be transmitted to the nominee.

Yes, the interest on NRO Savings Account is subject to tax deduction at source as per the applicable tax rates.

ANSWER 5: The QI Agreement requires that, for a foreign account holder, a QI must obtain a Form W-8 or documentary evidence and, for a U.S. account holder, a QI must obtain a Form W-9 (or documentary evidence if the account holder is a U.S. exempt recipient). ANSWER 6: A QI may use substitute Forms W-8 and W-9. See the instructions accompanying Forms W-8 and W-9 for further information about substitute forms.

Balances held in NRE accounts can be repatriated abroad freely, whereas funds in NRO account cannot be remitted abroad but used only for local payments in rupees. Consequently, funds remitted from abroad or local funds which can otherwise be remitted abroad to the account holder can only be credited to NRE accounts. Funds which do not qualify, under the Exchange Control regulations, for remittance outside India are required to be credited to NRO accounts.

Obtain a new "Terms & Conditions" from your branch and submit same duly signed by all joint account holders

Yes, you can open NRE & FCNR jointly provided the other person is also an NRI. These accounts cannot be jointly held with an Indian resident. NRO accounts can be jointly held with an Indian resident.

Yes, besides your Call Account which is the base account you can open up to five Target Saver Accounts which can be labelled for specific purposes, ie. Holiday, car, bills