When will my Security Deposit ($400) refunded?

On 9/28/2013 I was asked for a Security Deposit of $400 and was informed this would come back to me. My questions are WHEN and HOW?

Deposits are usually returned after 12 months of on-time payments, along with other criteria, i.e., click here:
Re: Security Deposit Refund after one year

Similar Messages

  • Security Deposit $400

    I've been in contract with verizon about a year or so.
    I'm wondering how am I going to get security deposit and what kind of form does it come through. Does it come through mail?
    Is that the only way to get it? If mail was returned because I was out of country, am I losing the deposit?
    I hope they can tell me when can I get the deposit back:(

    You should get it in the form of a check. Also you only get it back after a year if you've paid your bill in full and on time every month. If not it'll be another 3 months

  • Refund of security deposit

    I was recently speaking with someone about the security deposit ($400.00) that I needed to pay when I signed up with Verizon. That person mentioned that I have to basically stalk them to return the money, because if I don't they wont automatically cut me a check.  I make a year with Verizon in 3.5 months so I'm curious if I need to call them about it.

    Minus any service fees and the op gets simple interest on their deposit.
    However if the address is different than when you signed for service it may get delayed.
    Also a pal of mine said the check was not in an envelope but as a postal card (which I think is totally irresponsible) anyone can grab it, destroy it, withhold it, or it can be mutulated in processing or the mail facility can have it misdelivered or can be stuck in the machinery. (I once had a home owners rebate come as a post card)
    I was lucky to get it. Over $500 sent as a post card.

  • Security Deposit Payment and Clearing!

    Hi Experts,
    We have an requirement when the cash security deposit is processed/released in SAP ISU it should hit the liability ledger account and not the bank clearing account.
    As per SAP standard functionlity when the cash security deposit request is initially posted it will have only A/R account associated with it as it is a statistical item with the main and sub of 0020/0020 and when the actual payment is received we post as an cash security deposit payment with the main/sub as 0020/0010 through assignment in the posting area 1010.
    We have maintained the 0020/0010 in EK02 with the liability account assocaited with it.
    Though it reads as cash security deposit payment as it is still posted through the payment lots it hits the bank clearing account associated with the payment lot and not the ledger account associated with the main and sub of 0020/0010. I checked the posting area 1010 and it didnt allow the G/L account to be specified during down payment clearing.
    I am not sure if there is a way to handle this but our requirement is to capture this cash security deposit payment in different liability ledger account and not the Bank clearing/Cash in transit account.
    Any thoughts on how to go about it and fix this issue will be highly appreciated.
    Thanks,
    Bharat

    Hi - I recommend you document the expected postings, because when the security deposit is made, you are debiting cash, right?
    Here would be the expected postings as an accountant when the security deposit is made:
    Debit Cash
      Credit Liability
    When security deposit is released, then the following should occur:
    Debit Liability
    Credit cash
    So to me the assumption that it shouldn't post to the bank clearing account is incorrect; it should as cash transactions are occurring, right?  I recommend documenting the requirements with the accountant.
    Tammy

  • Security Deposit from Vendor

    Hi Experts - We have a program where the vendors sign-up promising to deliver according to a specific delivery schedule and quantity. We need to take a security deposit from the vendors, this will be returned after they have fulfilled their obligation.
    Any input on how to do the security deposit / subsequent refund payment  will be appreciated.
    Thanks
    Sam.

    Hi Sam,
    we had this scenario and the solution what we concluded is
    via an new special GL indicator to carry this deposit and then
    knock it later. Its really a process so you have to decide upon
    after discussing with the user.
    regards
    pbb

  • Cash Security Deposit

    Hi
    I m geting the following message when creating a cash security deposit (Account assignment data for cash security deposits is incomplete). Do you know the account assignments?

    hi
    the above "Account assignment data for cash security deposits is incomplete" error mainly comes when u post security deposit from FPSEC1,  my findings r relate this error.
    provide " Maintain Reconciliation Groups for Default Values" here u have to define user names
    path for above settings
    Financial Accounting (New) - Contract Accounts Receivable and Payable - Postings and Documents - Document  - Define Default Values - Maintain Rules for Reconciliation Key Default Values - Maintain Reconciliation Groups for Default Values
    next main thing is while creating sec deposit try to give fields like contract account, contract and business partner.
    i this will helpful to you..

  • Security deposit release

    When we return security deposit or relased in invoicing, we want to post the new payment document  using differnt main/sub
    then it was originaly posted but now it is getting posted as 0020/010
    so any suggestion how to acheive this?
    also what is the use of defining document type, main , sub in posting area 0801 (i.e. Define Specifications for Clearing of Cash Security Deposits) ?

    Vinod:
    Your understanding of the functionality is not quite correct.  The deposit release or return does not generate a new posting.  It only removes the restriction from the already posted document item.  As such, you cannot change the main and sub. 
    regards,
    bill.

  • When will iPhone 4 be safe to use again?

    When will the security holes in iOS 7 be patched? When will iPhone 4 be safe to use again?

    Let me try and give a couple of examples:
    A PDF vulnerability discussed here: http://www.reddit.com/r/jailbreak/comments/2h4r6p/pdf_vulnerability_in_712_were_ in_danger_people/. You may think it's not wise to open PDFs (or anything else) on an untrusted website anyway. Well, you don't have to. PDFs can be embedded in websites so that they are loaded automatically and trusted websites can be attacked.
    A fake app attack described here: http://www.computerworld.com/article/2845146/security-bug-leaves-iphones-open-to -fake-app-attack.html. A fake app replaces an official one. I admit this requires carelessness but it exists nevertheless.
    Also, National Cyber Safety Center of Finland has instructed people to stop using Safari on devices with iOS 7 because of a vulnerability that, used together with another exploit, can be used to run arbitrary code on the device. I assume this is the PDF vulnerability but I don't know about the other exploit(s).
    Or am I not up to date with these issues? Have I missed something?

  • When will I get my security deposit back, $125 to start service?

    I would like to get my security deposit back of $125.00 that I had to pay when I started service. It is my understanding that after 350 days of uninterupted service, you get your deposit back by check, including interest. I was also advised that I could contact Customer Service and request for a hardship return of my deposit, my account is in good standing and I have not had any interuptions in service.

    It is a year not 350 days. You also needed to have made your payments on time for 12 consecutive months.

  • Security Deposit - Refund time changed?

    Good afternoon,
    I just got off the phone with a Verizon representative and I was told my security deposit will not be refunded until next year in January? This is unacceptable, and I want to know who I can call or speak with to get this settled. When I took this plan from my moms account to take the bill off her hands in January of 2014 the woman I spoke with told me I had to pay a $400 non-negotiable security deposit, even though I have been with Verizon Wireless on this very same phone number since I was in 6th grade, mind you I'm now 21. She told me this would be refunded as long as I stay true to my bill and pay my bill on time for the next 6 months, that it would be refunded to me in 6 months. Being that I'm 21 $400 is a serious amount of cash for someone barely getting by and just moving out, and I did this all because I wanted to help my mom out and take the bill under my own name. I want my refund back, this is month is supposed to be the 6th month deadline for when my deposit is refunded. If you have phone logs you can check I welcome you to do so, as you WILL find out I was told that I was getting my deposit back in 6th months. This is completely unacceptable and I feel like I've been lied to. I was banking on this deposit coming back so that I could purchase a vehicle to get back and forth to work, and now that is apparently out the window? Who do I need to speak to so we can resolve this issue. Who do I call? Contact? The billing line straight up told me it won't be available until January of 2015, that is well beyond 6 months.
    Thank you in advance for any advise you can spare,
    Kenneth

    Verizon Wireless Customer Support
    It's certainly not ok for you to be told anything except for the correct information
    YES! It is CERTAINLY NOT OK for us to be told anything except for the CORRECT INFORMATION!
    I guess you guys should revisit your spiel when new accounts are being opened.
    Like Kenneth, I was also told that I will get my security deposit after 6months, but when I read the T&C, I saw that it will be refunded after one year. I wish I recorded my conversation with your agent when I was opening my account back then. It will be a good case. Anyway, rules are rules and we have to follow what it is written on the T&C.
    I hope Verzion will look into it and look into the spiel that your agents are using.

  • Security deposit refund returned or applied to account?

    Long story short when I signed up with Verizon I was asked to pay a $400 deposit.  I paid $300.00 using a Verizon gift card, and $100 using my CC.  On 2/22/15 makes one year I have been with Verizon.  I logged on now to my account to pay my bill but it says Paid In Full.  I go to my payment activity, it says "A/P security refund -$380.00" then it says "security deposit applied $400" then it says "security deposit interest $1.27" .  I am EXTREMELY confused, was the difference mailed to me or the entire deposit applied to my account? I called Verizon and the first rep I had transferred me to "home services"- no idea why then I was transferred to the financial department but somehow ended up at the main telephone prompt starting all over again. I am extremely frustrated.  Can someone help?

    You're eligible to receive your security deposit back at the end of 1 year of uninterrupted service or upon termination of your service. Uninterrupted service means you have kept your account in good standing and paid your bill in a timely manner for one year.
    Your security deposit will be refunded in the form of a credit to your account. If the applied refund creates a credit, and you don't owe any other amounts to Verizon Wireless, you will receive a check for that credit balance.
    From the FAQ I previously referenced.

  • Security Deposit Refund after one year

    I have paid every phone bill for the past 11 months and I am wondering when I am eligible to have my security deposit returned. I have had no luck with other inquiries I have made regarding this deposit in the past.

        Hi Brandon,
    I appreciate your inquiry about the security deposit. In order to be eligible to receive a security deposit refund in full, the account must meet several criteria:
      • 350 days of active service (the 350 days begins from the point of activation, not from the time the security deposit is applied to the account).
      • No suspensions due to non-payment.
      • 12 consecutive months of timely, uninterrupted service.
      • No payments returned from bank
    Account balance current (no more than 30 days past due).
      • No related account delinquent or written off requiring payment.
    If the account remains active after one year of service, the security deposit will be automatically refunded within 1 - 2 billing cycles.
    EdW_VZW
    VZW Support
    Follow us on Twitter @VZWSupport

  • Interest Calculation on Security Deposit & Refund to party

    HI, Expert
    I have calculate the interest on Security deposit Amount for the period 01.04.2010 to 30.06.2010 & payment the interst on 03.07.2010 & clear the open item but when I run the next period it is again calculate  for 3 days ,My cleint requirement is after calculation of interest it is taking 1-7 days for payment the interest to customer/vendor, is it possible in configuration setting
    regards
    gk

    Dear Sriram,
    It is possible:-
    1.You have to create Interest Calculation Type for Customer SD Int Calculation say (R1)
    2.Go to OBAA and maintain R1 there.
    3.Go to Prepare Sp GL Transaction Interest Calculation (Maintain R1 - D - H - R1
    4.In OBAC Maintain R1and select from date
    5. Define Time dependant interest terms
    6.In OB83 define the rate of interest
    7.Go to OBV3 and maintain Account Determination for Int Posting (Select Account Symbol for Posting Key and again Assign GL code to same Account Symbol)
    8. Maintain R1 in the Customer master to whom Interest will be payable.
    Then Run Interest calculation posting T Code:-f.52
    Regards,
    Alok

  • Cash journal: security deposit refund to customer in cash

    Hi
    Please mention how to post in FBCJ; security deposit refund in cash to custmers. As we cannot use expense or other business transaction type in cash journal posting.
    Regards
    Keyin.12345

    Dear Llu jo and Atif
    Thanks for your wonderful inputs, I have done the posting and subsequent clearing. But I have two doubts in this...
    1. When i am posting to customer account in FBCJ, it is getting posted to Main reconciliation and from there I am trasnfering to Special gl account using f-02, and in next step i am clearing using f-32. Is this correct or do we need some other account in FBCJ. If it is possible plesae provide journal entries.
    2. I have read on sdn that we can use substitution rule, I am trying to create but in substitution step HKONT field is not displayed. . In prerequisite step HKNOT field is there but not in substitution step. Is there any way we can distplay HKONT.
    Please do the needful
    Regards
    Keyin.12345

  • How to refund the security deposit?

    When I was setting up a new line I needed to pay $125 for the security deposit. The sales people told me it would be refunded after 6 months of use in form of credit in the billing cycle. But after 7 billing cycles, I still havent got any and still need to pay the bill out of my pocket. Is this done automatic or we have to fight for the refund,?! I am disappointed.

    Just a friendly reminder, this is a forum where users help other users. It looks like your issue may require a Verizon representative to review your account details. Please visit our Support page for a variety of ways to contact Verizon, including “Ask Verizon,” our virtual chat agent, and customer support phone numbers.

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