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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4
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2answers
137 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 ...
0
votes
1answer
60 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
votes
2answers
105 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 ...
2
votes
4answers
163 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
votes
1answer
81 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
74 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 ...
-2
votes
0answers
15 views

Want to open a bank account in US from India without visiting USA [duplicate]

I am from India and I would like to open an US bank account for trading but I can't visit US for this purpose. Is it possible, if so can you guide me.
1
vote
0answers
54 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
497 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 ...
8
votes
2answers
122 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
98 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
97 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
vote
1answer
68 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 ...
0
votes
1answer
61 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
vote
1answer
44 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
votes
0answers
106 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
63 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
vote
1answer
132 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
92 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
vote
1answer
1k 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
votes
0answers
402 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
votes
1answer
409 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
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 ...
1
vote
2answers
181 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
274 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
72 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
415 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
116 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
votes
1answer
184 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 ...
1
vote
2answers
127 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 ...
1
vote
2answers
740 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
votes
1answer
105 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
votes
3answers
221 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
votes
1answer
47 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
vote
1answer
159 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
votes
1answer
408 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
votes
1answer
103 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
125 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
votes
1answer
100 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
1k 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
votes
1answer
121 views

Should I pay the student loan now classified as 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 ...
1
vote
1answer
367 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
137 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 ...
2
votes
1answer
341 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
689 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 ...
2
votes
2answers
2k 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
196 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
319 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
votes
2answers
84 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?