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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1
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1answer
18 views

Reporting closure of NRI/NRE/NRO bank account when filing US federal income tax

I am aware that if my foreign account holds a balance exceeding $10K I have to report it in FBAR when filing income tax. This became a hassle, so I closed it in mid-2014, and reported the account and ...
-1
votes
2answers
88 views

Mortgage lenders asking questions about personal expenditure

When applying for a mortgage, the lender or broker typically asks several questions regarding your income and expenditure. One question often asked is how much money you typically spend per month on ...
0
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0answers
71 views

Is there any anonymous wallet? [closed]

I have a wallet (card) and there is an option like ibank. I want to transfer money from my wallet to an another anonymous wallet. Is there a wallet that doesn't require a name (passport data)? google ...
2
votes
1answer
140 views

What sorts of accounts would handle a person's Powerball jackpot winnings? [closed]

If somebody were to win the current Powerball jackpot today and take the lump sum, they'd walk away with $800-something million. I'm thinking they can't just pop that check down to their local Chase ...
16
votes
3answers
2k views

Should you bank with multiple banks? What are the advantages/disadvantages?

Currently, I have everything in one bank. Checking/Banking/Investment/Credit cards. In fact, the accounts are linked. It seems to make sense to me because I can manage everything at one place. ...
2
votes
1answer
78 views

What does 'Maximum load' usually mean when associated with a Bank account?

This Cashplus account has a maximum balance of £15000 and maximum load of £15000 - could you explain what maximum load means and what is the ...
2
votes
1answer
38 views

Greencard holder can open a bank account in another state other than the one she resides?

I am US green card holder in Maryland. I found a job( internship) in NYC. Can I open a bank account in NYC? If yes what documents I need to open an account there.
7
votes
3answers
69 views

HSBC - Can I make international transfer in my account's currency

I was receiving payment from UK-based company. I asked them to send me money to my account overseas (not based in UK, but it's in GBP). Unfortunately, they've sent me EUR instead of GBP (despite the ...
0
votes
1answer
86 views

Credit Disputes Refund & Credit Fraud Refund

I had over $200 stolen from my account and I reported it to a bank management. After a week I got that $200 money back to my account which shows as Credit Disputes Refund. Then I got over $1500 to ...
3
votes
1answer
156 views

BoA Closed my Accounts and Froze my Funds. How can I get money back besides cashier's check?

Earlier this week I had tried to buy food with my debit card but the transaction was declined. I immediately contacted my bank (BoA) and was told there was a note left with a number to call. I called ...
0
votes
3answers
72 views

Open a UK Bank Account with Tier 2 Work VISA

I will be moving to UK (Newcastle) in February 2016 with a Tier 2 Work VISA for 5 years. I want to open my bank account before or within the first month's work so that salary can be credited. I only ...
1
vote
1answer
23 views

Tax management while working with freelance website

What is good approach to save and be safe side while working with freelance website. I work with my partner and currently we transfer all earning on my personal bank account. Can this create any ...
0
votes
1answer
50 views

Cheque payment from NRE account to another person NRE account is it possible?

I am going to take a temporary loan from my friend, He will be giving me money in Dubai and I will send that money to my NRE account in India. After two months I want to pay this back through my NRE ...
0
votes
0answers
52 views

Access your money in US as if you are in Canada

What is a good option to have access to your Canadian Dollar savings while in US? Is there any Bank account type of service that allows you to receive in US the Canadian dollar that you have put into ...
4
votes
1answer
135 views

Can you order a bank to stop a pre-authorized withdrawal?

A long time ago I signed up for a service and wrote the company a pre-authorized withdrawal. A little later the founder of the company ran away to Colombia. Concerned, I went to my bank to tell them ...
0
votes
2answers
115 views

How a Russian citizen can get money from her US bank account?

My friend is a Russian citizen. Some time ago, she worked in the US. She has a US bank account but now she lives in Russia. How can she get her money?
0
votes
1answer
81 views

When to register for a bank account for a C-Corp with no official money

In Feb this year, I registered a C-Corp for administrative purposes only (for things that require a DUNS number, e.g., to get an Apple Enterprise Dev account, etc) and have thus far not passed any ...
0
votes
0answers
76 views

Can I open a bank account in the U.S as a tourist visa holder and use it for an online business and make money?

Can I open a bank account in the U.S as a tourist visa holder and use it for an online business and make money? I mean I will go to the U.S for 3 months as a tourist and I want to open a bank ...
1
vote
2answers
92 views

Do numbers in an account number represent anything?

For example Is it possible to understand what the currency of an account is from the account number. Is there a global standard for this or all banks have their own ?
8
votes
2answers
302 views

Are there any drawbacks to using Fidelity for your primary banking account?

I've recently become fed-up with Bank of America (When they charged me a $10 overdraft fee the one time in 2 years I used the wrong card at the wrong time and all they did for that $10 was transfer ...
3
votes
0answers
52 views

How does payment of interest work when an account has a maximum balance?

I am considering opening a new savings account with the building society with which I have my current account. (For completeness, I am in the UK, the building society is Nationwide, and the savings ...
0
votes
0answers
63 views

After how long the banks remove inactive accounts?

I was studying in Sweden about 10 years ago and had a bank account there. After completing the studies, I took all of my money out from it (there was almost nothing) and left the country, however I ...
6
votes
1answer
215 views

Does a U.S. citizen have to give up his credit cards and bank accounts when he moves abroad?

Credit card applications usually say "must be a U.S. resident". If a U.S. citizen moves abroad temporarily, and he doesn't want to use his friends' or relatives' U.S. addresses to get his mail, and ...
2
votes
4answers
165 views

Can I prove having savings without giving out the account number?

I will be looking to rent with no income, but significant savings. For that, I'll probably need to give the prospective landlord my name, DoB, SSN (for credit check) and the savings account number. ...
3
votes
1answer
114 views

Bank accounts that do not get overdrawn

Are there any banks (in the US) that do not have an overdraft facility? That is, an account which cannot have a negative balance and they simply reject/decline transactions that would take the account ...
5
votes
2answers
376 views

What is the best way to dispose of old checkbooks?

I have a checkbook from my US-based online bank, but the address on the checks is now out of date. What is the best way to destroy the checkbook? Do I need to notify my bank that I am not using the ...
2
votes
1answer
64 views

ACH debit blocks/filters on consumer account

Are there any banks which offer ACH debit blocks or filters on consumer (as opposed to business/organization) accounts? The idea is that, on certain accounts, it would be possible to restrict the ...
0
votes
0answers
41 views

Create bank account for LLC company

I live in Europe and I want to register LLC company in USA. Registering a company is very easy using company specialized in this area. But the major problem is how I can open bank account in USA ...
4
votes
2answers
62 views

Personal Investment Account for US citizen residing in Canada

I'm a US citizen residing in Canada. Can anyone recommend a service I can use to manage a personal investment account (USD) under these circumstances? I only need to deposit money once, and maybe ...
2
votes
2answers
179 views

Using multiple bank accounts

One thing I've always struggled with finance-wise is how to manage higher-level budget categories across a limited number of accounts. For instance, I currently maintain the following types of ...
0
votes
0answers
30 views

Transferring money from Thailand bank to USA

My friend is being held at Bangkok immigration and being extradited back to Florida (USA) because of probation violation in 2002. He's been living there for 13 years. They are saying he can't withdraw ...
2
votes
1answer
128 views

As a small business owner should I have a separate account for payroll? [closed]

Note: I'm currently using cash basis accounting. Just recently I've started using QuickBooks Online to keep track of my profit and loss as well as pay my employees. The problem I'm facing is that ...
1
vote
2answers
130 views

What should one look for when opening a business bank account?

I've created an LLC under my name for my contract work (taxed as a sole proprietorship). Because of this, I'm planning to open a Solo 401k, and due to that I'm planning to pay myself income based on ...
1
vote
1answer
160 views

My salary from Dubai to India in INR ; taxable or not

I am working in dubai since 3rd may 2013 to till date and receiving my salary in INR in India in ICICI Saving account. I have not filled my ITR. I wish to know : Can I fill my ITR now and what is ...
2
votes
1answer
251 views

Is it a bad idea to open a savings account for the bonus and then close it once I get it?

Some banks offer a bonus (e.g. $50) when you open an account with them and deposit a minimum amount of money with them (e.g. $5000) for a certain amount of time in the beginning (e.g. 60 days). Are ...
1
vote
2answers
66 views

Banking Advice for my new Job

I am moving to UAE for my new job soon from India. This is my first job as well. My Employer asked me to send my Banking Details. So what kind of account should I start, where should I start, and what ...
2
votes
2answers
339 views

Controlling parents: how to get back my money

When I was around 15 my dad and I opened up a savings account at Regions bank. Ever since then I've been working and only putting my money in this account. The situation at my house is causing me to ...
1
vote
1answer
67 views

Bank account in Seatle, Washington state

My brother used to have a bank account more than 30 years ago in Seattle where he used to live. Being disable due to a car accident, he is unable to follow up the matter. He lives now in a nursing ...
2
votes
1answer
59 views

FBAR needed if I wire transfer in installments?

Lets say I want to send $24000 to my parents account in India from USA. I will first transfer in NRE account. Then move money from NRE into my parents account. If I send $8000 to NRE, move it into ...
6
votes
2answers
573 views

is my bank making any money from me? [closed]

I use my bank account as a method to receive money , and not to store them. I usually receive small amounts of money like 100$ , 250$ or so , and then withdraw them as soon as they show up in my ...
3
votes
2answers
170 views

Proof of address for bank account for UK spouse of Tier 2 work visa

My colleague has a Tier 2 visa to work at our company here in the UK (probably for the next 5 years). He and his family are from Indonesia. Bills are all in his name, but his wife is not being allowed ...
4
votes
1answer
108 views

Tax implications of receiving cash bonus from bank for a non-resident alien

Suppose that a non-resident alien, who occasionally visits the US as a tourist, but who also happens to have a social security number (issued while being on an academic visa many years ago), opens a ...
0
votes
0answers
35 views

For what reasons a bank deny basic saving account [duplicate]

I applied to open a basic saving account with Citibank few days back in Malaysia (I'm not a Malaysian citizen, nor I am an American). I work in Malaysia, and one of the strict conditions of the bank ...
2
votes
0answers
38 views

Is it possible to open a US bank account without being physically present or having a SSN/EIN? [duplicate]

I want open business bank account in Michigan. I have not SSN. I have EIN. My friend is in Michigan. I don't want to go USA just for open Bank account. Is this possible to open business account online ...
1
vote
5answers
450 views

Is it wise to have plenty of current accounts in different banks?

Is it ok for an individual to open many (10+) current accounts with different banks? I have no business. The reason behind that is that I usually get a credit card with every new bank account I ...
1
vote
1answer
56 views

understand taxes when geting money from a project built long time ago plus my full time job

I have been employed full time in the UK for 1 year, I have no other side jobs and the company I am working for is paying taxes and national insurance for my salary, transferring the net salary to my ...
3
votes
1answer
114 views

Can I keep my bank account and SSN after giving up permanent resident status?

If I were to abandon my permanent resident status in US, will I be able to keep and use my Wells Fargo bank account? Also what happens to my Social Security number?
2
votes
1answer
219 views

Can I transfer funds from my NRO account to my NRE account if the source of my funds was from overseas?

I have transferred money from overseas to Indian savings account. when I went back to India I have opened an NRE account and the status of my savings account changed to an NRO account. My question is ...
1
vote
0answers
305 views

How to transfer funds online from a Canadian CIBC account to RBC instantly?

I thought Interac transfer is instant but my mom wants to send me money from her CIBC account but she said it takes 2-3 business days? What method can be used to transfer from a CIBC checking to a ...
1
vote
1answer
123 views

Estate accounts requiring 3 signature for withdrawal, is same required for deposits

We have an estate checking account in WV. It takes 3 of us to write a check. Does it also take 3 signatures to deposit a check?