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
28 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 ...
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0answers
43 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 ...
10
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1answer
364 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
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2answers
1k 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 ...
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2answers
120 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
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2answers
208 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
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1answer
40 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 ...
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3answers
210 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 ...
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2answers
99 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 ...
0
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1answer
109 views

Does interest income on a foreign bank account (or a high balance thereof) require you to file taxes if below the Personal Filing Threshold?

If a US person (either resident alien, permanent resident, or citizen) in a given year, claimed as a dependent on a US citizen's return, had a salary of less than $1500, domestic interest ...
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2answers
48 views

How can I do a money transfer from Lebanon to India for payment on a consulting project?

I am an Indian citizen and hold a domestic account. I am doing a short term consulting project for a client in the Middle East and they will be paying me in $. The amount that will be transferred is ...
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2answers
240 views

Opening UK corporate bank account remotely

I've just registered my UK limited company through "companies house" and would like to set-up corporate bank account. I've already paid for registered office service and have an UK address for my ...
2
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1answer
72 views

How long does a bank's “Know Your Customer” (KYC) process typically take?

When opening a U.S. bank account, the bank will investigate about the account owner, and this investigation is called 'Know Your Customer.' The goal is to prevent money laundering. My question is: ...
7
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3answers
175 views

Is it safe to give someone the following information?

An organization outside of the USA (I'm in the USA) is going to wire money into my bank account and has asked for the following information: Bank Name Bank Address Bank City/State Bank Zipcode Bank ...
0
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1answer
33 views

When do Bank Accounts become dormant in Turkey?

Does anyone know / have an idea about dormant bank accounts rules in Turkey? For example How many year should the account be inactive for account to be classified as dormant account? Once the account ...
1
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1answer
82 views

Just want to ask if my bank account is safe by giving out my account number? [duplicate]

Hello good afternoon hope you can help me, Is my bank account is safe? I give my account number to someone whom I don't know as he has to give me money? Now I am wondering because he has stopped ...
6
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1answer
248 views

Can my bank automatically pay my credit card company without my consent?

I am going through a rough financial period and have not been able to pay the minimum on my credit card, however i noticed that as soon as money came into my checkings account (I am in Canada, the ...
9
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1answer
90 views

Opening a bank account in China

I'm trying to open a account with any of the major banks in China, but I live in the US. Is this possible and how would I go about doing this? I would also like to be able to transfer money between my ...
1
vote
1answer
113 views

High frequency of Bank Transfers without Card Reader

I need to make a large number of bank transfers. At the moment I am doing each transfer manually through my online RBS account using a card reader. Due to this, each transfer is long and laborious. ...
3
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1answer
93 views

Enquire about a missing bank account which was opened by my deceased uncle in or around 1978 in Italy?

I am trying to enquire about a missing bank account which was opened by deceased uncle in Italy, Milan in 1978 and I am aware he opened a bank account in that city around this time. He made my family ...
2
votes
1answer
652 views

Will I have to pay tax in India for a transfer into my account from the US?

Will I have to pay tax in India when my friend transfers money to my bank account in India from US? The amount is $100 USD, and at this time I don't know how the transfer will occur. I am living in ...
0
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1answer
88 views

Should I have to pay the bad debts

I got educational loan on 2008 from one of a Bank in India. So far I am paying only interest money not principal money for it, but it’s also not regularly, I left some intermediate gap on it. Last ...
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1answer
246 views

How much money am I allowed to transfer to India into my own Indian account as a non-Indian foreigner?

I am a non-Indian foreigner and recently opened a savings bank account in India. Is there a maximum amount I am allowed to transfer taxfree under Indian Law to India for my living expenses here? I ...
2
votes
1answer
119 views

Special bank account required for a LLC?

I've just incorporated my first LLC in the UK. I'm now looking to open a new bank account to keep my personal finances and the business finances separate. Could I sign up for say a regular Halifax ...
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1answer
190 views

Can I receive payments (EUROS) from my International clients in my savings bank account in India for my business services

I am starting a small international outbound sales campaign and will be selling my web development services. 100% payment will be received in Euros through wire transfers in a bank account or through ...
5
votes
2answers
412 views

Bank account in Germany for non-residents?

I'm an EU citizen currently working in Germany. I have a bank account there, but when my contract ends, I'll probably migrate to other country, but it's likely I'd return there after some time. I ...
1
vote
1answer
1k views

Can Japanese banks receive payments via IBAN?

Can Japanese banks receive payments from outside Japan via IBAN? For instance, Japan Post Bank does not accept IBAN, so sending money to a Japan Post Bank account is very complicated. Is there no ...
3
votes
1answer
176 views

Opening personal bank account in Marbella, as a non-EU resident

I'm going to Marbella, Spain, soon. I would like to open an account in one of banks of that place during my times there. Could you suggest how hard is it to do for non-resident of the country? I'm ...
1
vote
1answer
253 views

For a sole trader, what is the benefit of using a business bank account?

First of all: Are you allowed to have two personal current accounts with a debit card attached to each one? If yes, can a sole trader in the UK use the second personal account for business ...
0
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2answers
78 views

Are bank accounts linked to your address?

Is it possible for a person or company to find my address with a bank account checking and routing number? Is it possible to verify that an address belongs to a certain bank account?
9
votes
1answer
288 views

Can a foreign bank manager name me as the kin of a deceased customer if I don't know the person?

A few days ago, someone emailed me and said he is the branch manager of an overseas bank. He asked me to join him in an agreement. He has a deceased customer who is a citizen of my country and who has ...
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4answers
765 views

What's the purpose of having separate checking and savings accounts?

It's a simple question, but I'm having trouble finding an answer: What's the purpose of having separate checking and savings accounts? What benefits does it provide?
2
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2answers
203 views

Automatic bill payment - direct deposit or automatic checks through mail?

I have a personal account with BOA and I'm curious how I should set up my automatic payments (to utilities, landlord and friends). Should I A) go directly to the companies (that have to pay) and ...
5
votes
1answer
360 views

Why does my checking/savings account offer a higher interest rate than a standalone savings account?

I have a bank account with checking and savings bundled together; if I make enough purchases with my debit card, I earn a higher interest rate on the savings. Today I decided to look at other types of ...
0
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1answer
115 views

How can I get a current account for working as a freelance event manager?

I am planning to do event management as a freelancer. How can I get a current account for this type of work, as I have not registered any company? I need suggestions on how I can proceed further.
2
votes
2answers
821 views

American living abroad and not working for an American company - tax reporting and bank accounts

I hope this question is appropriate for SE Money but based on this one I think it is U.S. citizen, working for U.S. company, living in Mexico: Where do I pay taxes? If you are an American citizen not ...
2
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1answer
319 views

ACH data for Deutsche Bank, Germany?

For an international ACH transfer as part of the e-gold claims process, I need to specify in an online form: Financial Institution Name Financial Institution Address Financial Institution City ...
5
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1answer
3k views

How do multi-currency bank accounts work? What is the advantage?

I've recently read that banks are offering multi-currency accounts to their business customers. How do they actually work? Is it one bank account and the balance is available in, let's say for ...
3
votes
1answer
110 views

How to teach personal reconciliation and book balancing

How do I go about finding good resources to teach my children about good money management. Something that will be able to show them how to run a personal bank account, how to reconcile and balance it. ...
5
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3answers
3k views

How to use debit card with money on savings account?

I see that a lot of banks offer savings account and current account with online banking. Usually the savings account can have instant access and some interest rate, while the current account has no ...
6
votes
2answers
478 views

Personal bank account in the U.S. opened while on a J-1 Visa: Can I still use it?

The last time I was on U.S. soil was in 2011 on a J-1 Visa. I opened a personal bank account with Bank of America in California. I didn't close it when I left. I still have money in the account and I ...
10
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3answers
2k views

can the government or debt collectors garnish money from any bank account to which the debtor has access?

A trusted family member has access to my savings account. The savings account is mine, but the family member's name appears next to mine, which means that they are entitled to withdraw money from the ...
2
votes
1answer
485 views

Account with Natwest compromised. Will I get a refund?

Someone from Cambodia, has managed to withdraw over £500 from my account about 36 hours ago. I just found out now and been on the phone to Natwest fraud team. They say they will get back to me within ...
0
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1answer
145 views

Holding a bank account in the US, without citizenship, while no longer living there

I travelled to the US for a 3 month project and was paid into this account. I have since left and still have money in the account and still in good contact with the people whose address I stayed at. ...
1
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1answer
90 views

How are bank accounts linked to other accounts?

How do services like Square link bank accounts to people's personal accounts? Is there some API they're plugging into? Is this the same as ACH?
0
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1answer
100 views

EU deposit guarantee fund for failed state guarantee

I am not able to find reliable information on this topic. Generally speaking, all deposits in EU banks are secured by national guarantee fund up to about 100k. Image a national fund would fail because ...
1
vote
1answer
401 views

As a freelancer, how to receive money from overseas company to my individual bank account in India?

I am working as a freelance software developer. Recently I got a project from an overseas company. I asked them to send money through ICICI Bank Money2India. The first payment made it successfully ...
4
votes
1answer
154 views

Separating money in bank account without opening another account

I recently decided I'd like to siphon off a percentage of my income for charitable purposes. In order to do this I could open another bank account and transfer a fixed sum monthly to that account. ...
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1answer
1k views

Opening a bank account in the USA as a foreigner

I am a mozambican citizen and would like to know whether i can open a bank account in the usa. I don't live in the usa but am planing to buy a house and put it on rent. What requirements would I need ...
0
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2answers
75 views

What is a term for a company bank account that has been set up for non-business related expenses?

I'm looking for a financial term that describes a bank account that's been set up by a company for non-business related expenses; travel, hotels, food, etc. Sort of like petty cash, but it could be ...