A generic tag for questions on Bank Account. For specific questions use the "savings-account", "checking-account" or other specific tags. It is recommended that a specific country tag be used to indicate the geography of the question being asked

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1answer
25 views

Forgotten Bank Account Number

I have forgotten my South Indian Bank account number and cannot find where I stored it on my hard drive. What is the procedure I need to undergo to reconnect with my account? What information will ...
2
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2answers
39 views

Where can I open an estate account, if I'm located in a different state?

I have been appointed the executrix of my father's estate, and I need to open an estate bank account in which to deposit funds from the sale of his house/other items and from which to pay ...
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1answer
56 views

Can a name be gotten from an account number?

Can a name be gotten from an account number for whom the account bearer is not known? That is to say, should Tim send Jim ONLY his account number, can Jim identify Tim with this information alone? ...
6
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2answers
149 views

Is it possible to reject a direct deposit?

I received a direct deposit on my bank account (in the US): is it possible to reject it?
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1answer
62 views

Does bank will share our address with others?

Actually i given a check of rs 10,000 to my friend but my friend misused to and given to some one with whom he had to pay same amount..And i couldn't maintain the same amount in my bank as it is my ...
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0answers
21 views

Do I need ITIN or TIN to get my money from a closed back account from the US Govt? [duplicate]

I am Japanese. I studied in USA and deposited money in a bank account. After I returned to Japan, the account was closed. But it still has some money that I want back. They said money will be sent ...
2
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1answer
69 views

What is the easiest way to open a foreign Bank Account?

I live in Argentina. Nowadays in my country it is almost impossible to buy foreign currencies as American dollars or Euros. I was thinking if it is possible to open a foreign Bank Account to be able ...
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1answer
62 views

How can I prove that a bank owes me money [closed]

How am I, as a customer of a bank able to prove that I have a deposit-account with money on it? For example what would happen if the computer-system has a bug in it that affects my account. Bank ...
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3answers
71 views

Simplifying money management

On a given day of the month, the bank account balance says little about how much we can afford to spend because we must factor in regular expenses and automatic debit payments that occur at different ...
1
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1answer
58 views

Is there an upper limit for money that an expat can keep in his US bank account?

I am a neither a permanent resident nor a US citizen. I have a bank account with a leading US bank which I use as my salary account. Income taxes are deducted at source. I know that I need to submit ...
0
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1answer
38 views

Converting bank statements to another currency?

I tried googling this. I want my bank statement of my account in State Bank of India, back in India, to show balances in dollars. Google only gives results which show me how to open an NRI State Bank ...
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2answers
549 views

Are all VISA cards connected with bank accounts?

I know that this is a question about fundamentals, but I couldn't find any explanation out there. I'm a bit lost in the world of credit cards. I got used to cards that are issued by a bank for getting ...
1
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1answer
49 views

UK - How to receive payments in euros

My father as a business based in UK, but works mainly in Europe, receiving payments in euros. His bank is HSBC that, apart from charging £8 for each transfer, applies a "custom" exchange rate (i.e. ...
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2answers
54 views

Can I make a joint account in UK?

I am an international uni student living with a British student in UK. Due to complications in dividing money when it comes to buying groceries, we decided it would be best that we open a joint bank ...
0
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2answers
96 views

Can I open a Demat account in India from abroad?

I want to trade Indian stocks online and will require a demat account with an Indian bank. I have my PAN number registered and all documents in place except the voting card. And I live in Nepal. Can I ...
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votes
1answer
88 views

If I receive 150000$ in my Indian savings account how much tax i shall pay?

My friend is planning to invest in India. So if he transfers around 150000$ to my account.. How much tax do I have to pay? Is there any way to show it as foreign investment? Can I include my ...
2
votes
2answers
147 views

Parking money for a few months or a year

We are planning to get our kitchen remodeled, so we've allowed a big balance to accumulate in our bank account. We're not making very rapid progress on soliciting quotes on the remodel, due to our own ...
2
votes
1answer
91 views

Letters in IBAN: How to calculate the hash

Until I got an account in France, I didn't know that you can have letters in your account number. Since it's in EU, I've got IBAN with the account, which shows the letter as well, and it has a ...
0
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1answer
21 views

Legal restrictions for EU-foreigners to setup bank account in Czech republic

Are there any legal restrictions for setting up a bank account for a EU-foreigner in Czech republic who is not having a seat of residence in Czech republic?
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0answers
26 views

How safe are withdrawals made using checking account number and routing number? [USA] [duplicate]

I am new to the US banking system and it makes me wonder how easily third parties like xoom.com can withdraw money from your checking account with only the account number and routing number. I ...
8
votes
1answer
930 views

Why do banks ask if you have accounts with other banks?

Whenever I apply for either savings accounts, debit cards, or credit cards, this seems like a staple question for all banks. Why are they asking if you have accounts in other banks? How do they gain ...
2
votes
1answer
61 views

How to find information about ethical banking? [closed]

I would like to know how to choose my ethical bank, and which investment or behavior should I avoid to make sure my money is used transparently and ethically. In France (I am french) I have read ...
4
votes
2answers
518 views

How does Wells Fargo use my phone number to find my Bank of America account?

I'm extremely confused about how Wells Fargo's SurePay transfers money to Bank of America. I've set up my Bank of America account to use my mobile phone number to receive payments. Now someone sent ...
1
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2answers
152 views

What does an interest rate “calculated daily and paid monthly” on my bank account exactly mean?

I have a CIBC premium growth account that offers a "0.20% interest rate on every dollar you save calculated daily and paid monthly". I'm just curious as to what the 20% Premium Growth interest rate ...
0
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2answers
459 views

How to withdraw money given only account information (account number/routing number/etc.)

It's not safe to give out your bank account number since it allows people to withdraw money. But if it's so easy, what's the easy process? i.e. is it even legal (assuming you have permission)? And ...
3
votes
4answers
205 views

Why do the banks charge a foreign transaction fee?

Could somebody please explain why some banks charge a fee for card transactions made in a foreign currency? For example, for a debit card transaction, as far as I know, the exchange from the foreign ...
0
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1answer
125 views

How to transfer money from the US to India without paying taxes?

During my tenure in US, I deposited money in Wells Fargo checking account. I had to move to India last year. Now I would like to close the Wells Fargo account and get money transferred to India. ...
2
votes
1answer
90 views

How can I transfer my money between US/Canada bank accounts with as little loss as possible?

I am currently living in Canada and have funds in a savings account with a Canadian bank. Say I decide to move back to the US, how could I move those funds to a US bank account with as little loss as ...
1
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0answers
122 views

How can I open a Canadian bank account from within the US? I am a Canadian citizen residing in the US

Can I open a Canadian bank account from within the US? I am Canadian citizen residing in the US for many years. I would rather not travel to Canada just to open a bank account if possible. Does ...
6
votes
1answer
874 views

Best way to transfer abroad loan amount to Indian parents Savings Account

Can you pls advise: I am working in Dubai, and applied for a loan of 25Lakhs, I would like to use this funds to repay my personal loan (to relatives) and want to buy a land with left out money. I have ...
9
votes
2answers
131 views

Joint Account for Common Earnings

I've started a tutoring group with two of my peers; the three of us are minors in the state of Ohio. We charge a modest fee and generate approximately $2,000 in revenue per month. We plan on charging ...
4
votes
1answer
111 views

Found old bank book of my mothers

I just found my mothers old savings account book from The First National Bank of Chillicothe, Ohio. Her acct. #xxxxx was i thunk closed in 1-28-54 $1,416.55. But under that she has hand wrote bank in ...
3
votes
1answer
113 views

Can I have more than one current account

Is it possible to open more than one current account in the UK? and how will this affect my credit score. I only say this as there are current accounts that pay 3% interest on balances - which would ...
1
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1answer
94 views

In India, what is the difference between Current Account and a Savings Bank Account?

Considering that Current Accounts in India give you no interest, why would anyone keep a current account open? Why not just use a Savings Bank Account? ATleast they give you some daily interest on the ...
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1answer
66 views

financial institution wants share member break down for single member LLC

Due to latest crop of regulations, a particular financial institution is requiring a share member break down for a single-member LLC, an odd step in verification since there is only one share member ...
1
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1answer
47 views

Do US banks exchange info with countries abroad?

Are US-based bank accounts (with BoA for example) for EU citizens somehow being reported back to EU? Sort of a complex question, but the background info is the following - I lived 1 month in the USA ...
0
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0answers
190 views

Most (corporate/income tax) friendly country in the world?

Have been enjoying the nomad lifestyle for a while now, moving around and doing consulting gigs around the world. Since business has been picking up, I'd like to kind of get my accounts in order and ...
4
votes
1answer
1k views

Will moving significant amount of cash by using debit card cause problems in the USA?

Let's say I'm withdrawing money from my debit card(issued by bank from my country) and depositing them in the US bank account. Will it cause some kind of problems? The total amount is a bit below ...
2
votes
1answer
87 views

For Sole Trader is Income Tax better paid from Business or Personal Bank Accounts?

I am a Sole Trader in Australia and maintain two sets of Bank Accounts. One set is for Business and the other is for Personal. I normally draw money from my Business Accounts into my Personal ...
1
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1answer
165 views

Can a Nepalese (Asian) open a bank account in US without visiting there?

I am living in Nepal (South Asia) and want to setup a business using which Nepalese living in the USA can pay for gifts and services to be delivered here in Nepal to their beloved ones. To receive ...
4
votes
1answer
143 views

How often do Savings Banks in India pay interest?

As per my understanding, Banks in India are to run under the directives of the Reserve Bank of India. How often do they pay dividends on the interest that they offer on Savings bank accounts? Every ...
1
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1answer
2k views

Can I transfer money from an NRE account to a USA checking account?

I want to transfer some money from USA checking account to my Indian NRE account to get the benefit of a good interest rate. But when I need this money back in USA, can I transfer money from my NRE ...
0
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0answers
878 views

which banks (and where) in Europe allow non-residents to open accounts with a single visit (or even none at all)?

Which banks and where in Europe allow to non-EU resident (eg from Russia) to open a bank account, requiring only a single visit in person (or, ideally, completely remotely, with no visit at all--doing ...
11
votes
1answer
442 views

Any reason to keep around my account with my old, 'big' bank?

I recently opened a new account with a credit union and would really like to stop doing business with my current bank (BMO Harris), but before I do, I'm curious if there are any important things to ...
4
votes
2answers
2k views

Why do banks require small businesses to open a business bank account instead of a cheaper personal one?

I understand the need to separate personal finances and the business finances, be it sole-proprietorship or incorporation. I also understand that in the former it's optional, but in the latter it is ...
1
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2answers
256 views

Giving someone else access to a bank account in the UK, any dangers?

I need to give someone else access to a bank account to easily manage shared expenses. That is, allowing them to log in into ebanking. I'm planning on using a bank account I already have under my name ...
8
votes
2answers
385 views

Mongolian bank offering a high interest rate. What's the catch?

A bank called Khan Bank in Mongolia is offering to keep my savings at 15.10% interest rate, account denominated in Mongolian Tughriks. They give an example "if you saved 100.000 MNT on 2013/11/12 you ...
0
votes
1answer
75 views

PPF Account in Indian banks

I'm an indian citizen and about to open a PPF Account in a Nationalised bank. I have had enquiry in ICICI Bank and in SBI Bank today. Their interest rates are as 8.8 and 8.7 respectively. Can one ...
2
votes
4answers
591 views

How to transfer money to an account on Cyprus as quick as possible

I am a Russian resident currently living on Cyprus. I should provide to local authorities a bank guarantee showing a reasonable amount of money. I know about finances literally nothing, so I was ...
5
votes
2answers
124 views

Are there any banks in Europe that I can have an account without being in that country?

I am a non EU citizen who does some freelance work to companies in Europe over the Internet. I want to have an account in Europe so that I can keep my payment in Europe as well. (Switzerland or ...