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
5
votes
3answers
120 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
125 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
votes
3answers
227 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
81 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
votes
1answer
103 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
vote
1answer
72 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
votes
1answer
65 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
116 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
97 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. ...
0
votes
1answer
145 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
votes
3answers
61 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 ...
2
votes
0answers
22 views
Nonresident Travel Money (Card or Bank Account) Solution with Emergency Cash Feature in Euros?
I'm from the new EU so my country's banks are not that advanced that they can offer me this feature. So this will be a nonresident account for travel money.
The solution I am looking for is like ...
0
votes
2answers
119 views
What could a malicious party potentially achieve by having *just* a name, account number, and sort code?
There seem to be many conflicting points on this issue, most prominently this story published in the Daily Mail not so long ago , so I ask the nice community on stackexchange to shed (researched) ...
3
votes
3answers
770 views
How can I get free or discounted checks for my bank account?
I bank with chase and my account type does not qualify me for free check books. I have to pay a fee to get a check book. Is there a way I can:
Get a free check book for my account?
Print my own free ...
4
votes
2answers
156 views
Digital money pots?
I want to be able to create digital money pots, similar to the physical piggy banks people keep at home, i.e.
Pot 1: Money for food per month
Pot 2: Money for car fuel per month
Pot 3: Money for fun
...
8
votes
2answers
113 views
What are the cons to using a brokerage account for day to day banking?
I've noticed (for awhile now) that my online discount brokerage account carries many features of a traditional bank account:
Online bill pay
Direct Deposit
Checks
ATM Card
FDIC or SIPC coverage
Cash ...
6
votes
1answer
289 views
How to reactivate my dormant bank account in the US as non US resident?
I opened a bank account with Capital One in 2009 when I was in the US for work and travel.
Last year I started Android app development and I used this Capital One account for Android app sale ...
1
vote
1answer
93 views
As an individual Indian freelancer, do I have to create trade license & Current account?
I am an individual Indian citizen. I am 23 years old. Currently, I am working as an individual freelancer in freelancer.com. I have a savings account in State Bank of India. I do not have PAYPAL ...
7
votes
1answer
268 views
Can I get my savings from my mom's bank now that I'm 18?
I turned 18 two weeks ago. My whole life I've had a savings account with my mom at Wells Fargo/Wachovia. However, I have a personal checking/savings account with my dad over at Bank of America which I ...
1
vote
1answer
171 views
leaving the amount on a check blank
Suppose a person writes a check out to someone that they owe $500, but does not specify the amount on the check and instead tells the person to fill out the amount for five hundred and cash it. If the ...
-2
votes
1answer
224 views
Must all details match exactly if receiving payment via my personal bank account?
I want to use my personal bank account to receive payment for my work e.g. as a first-time software developer. I found a company who wants to list my application for sale in their online store. To ...
2
votes
1answer
217 views
Why might I be declined when opening a new current account?
I just attempted to open a new current account and was declined. I apparently have to wait to receive the details as to why by post.
What are the possible reasons for this to happen?
I am a recent ...
6
votes
2answers
185 views
Common practice to closing a checking and savings account?
Is there a common practice to closing a checking & savings account?
For example, should I transfer all the funds electronically to my other bank then call and close it or is it better to get a ...
2
votes
3answers
665 views
Difference between the multiple cash withdrawal options on these ATMs?
I always get confused when selecting the options. I just go for the normal cash withdrawal option. But, I would like to know the difference in them. And, is the bank charging you different to use the ...
4
votes
5answers
702 views
Are bank account numbers unique?
If somebody sends me money and I write the swift code wrong, will the money go somewhere else?
I know bank account numbers are unique within a bank, but will are they unique globally?
Update: I ...
2
votes
1answer
553 views
If a deposit of $1200 is being processed but hasn't yet been cleared, then can I immediately use that money to pay with my debit card?
For the record, I use Bank of America. I have a $1200 deposit (from the account of my parents) that's being processed, but that's still waiting to be cleared. The available balance adds it in though. ...
7
votes
6answers
515 views
How can my friend send $3K to me without using Paypal?
My friend is a paraplegic. He can't go to the bank and wire the money. He used to send money from our partnership via paypal. Now I am banned from paypal. What's the alternative? Google checkout?
I ...
4
votes
4answers
271 views
How do companies like paypal work with international customers?
I am just curious. In US there is this thing called ACH. But that requires a routing number and banks in Indonesia do not have a routing number.
So how does paypal do it? ACH? Transfer?
5
votes
2answers
365 views
What's the difference between wire transfer and ACH?
My sponsors have two ways to transfer money. I wonder what's the difference?
24
votes
2answers
23k views
Is it safe to give out one's bank account number?
I am managing the utility of the house I am sharing with another person. He asks me to provide my bank account number, so that he can transfer his money to my account when paying the utility.
I ...
4
votes
1answer
166 views
How do I evaluate risk exposure to my U.K. bank in light of the possible collapse of the Euro or Eurozone economies?
I understand there are concerns about runs on banks in Eurozone countries like Greece and Spain. Should this happen, it might put pressure on banks elsewhere.
How can I evaluate the risk exposure of ...
3
votes
1answer
81 views
How are days counted when funding a new account within 10 days
I just opened a new CD today and it told me I have 10 days to fund the account. I think the specific wording said "within 10 days." I'd like to know how these days are counted as I am unsure if any of ...
1
vote
2answers
126 views
Is it important that I check the correct “Account type” box for direct deposit/withdrawls?
On tax returns and direct deposit forms you fill out your bank's routing number, your account number, then tick a box for checking or savings. How important is checking the right box, however? At my ...
2
votes
3answers
537 views
How is interest in my bank account calculated?
I am a software professional. I have one question. How do banks calculate interest on money deposited, if I get, say, 10 % per annum?
Say I deposit say RS.1000 on the 1st day of the month; then I ...
3
votes
2answers
74 views
How can I request and verify that my identity information is purged from a bank I no longer use?
I have consolidated a lot of finances from several banks (Chase, a Credit Union) and brokerage houses (Schwab, Fidelity) and since I no longer use these institutions I would like to request a complete ...
2
votes
3answers
240 views
Bank statements - should I retain hardcopies for tax or other official purposes (or keep digital scanned copies)?
Should I retain bank statements hardcopies for tax or other official purposes? Or are scanned digital copies valid in such circumstances?
I am a salaried employee with no other income and fairly ...
3
votes
1answer
93 views
Better rate for investment between CD or savings
I have been considering either renewing my CD (Certificate of Deposit) from my local Credit Union which is at 1.35% APR (1.3591 %) dividend rate (monthly compounded) for one year. I recently noticed ...
4
votes
1answer
321 views
MICR and self-printed check acceptance requirements at Federal Credit Unions?
I read that you can print your own checks, but many banks will not accept or place fines on checks which don't have the routing and account number not written in magnetic ink. My related questions ...
1
vote
2answers
55 views
Are there any indicators as to whether an ACH debit is automatically scheduled?
If I have a bank account from which money is automatically withdrawn via "automatic withdrawals" is it possible to identify which payments are automatic vs manually initiated ACH debits?
Examples:
...
2
votes
3answers
171 views
Is it possible that your bank balance goes to negative
Recently I was in Spain and I withdrew all money from my account while returning. At night I checked my balance online and it showed -250 Euros. Is it possible? Should I have done something about it?
1
vote
2answers
351 views
Can I setup a PayPal account or Google Checkout account without providing a bank account?
I want to set up an account on PayPal or Google to simplify online transactions. However, for security reasons, I do not want to link it to a bank account.
I can get a friend to fund the ...
3
votes
1answer
174 views
What tips would be useful for a Canadian student taking part in an internship in the US?
I'm a Canadian student doing a four month internship in the US (California), starting in January 2012. I had a few questions about managing my money in the states:
What is a good bank to use for ...
4
votes
2answers
141 views
In the US, will closing a bank account negatively affect your credit score?
In the US, will closing a bank account negatively affect your credit score? I've had it with my bank and I'm thinking of moving my money to a smaller Credit Union. Would this affect my credit score? ...
9
votes
6answers
1k views
Should I have separate savings accounts for various savings goals?
I have read through some personal budgeting articles and saving tips. Most articles and books mention saving money for emergency funds, large purchases, etc.
Should emergency funds and saving funds ...
5
votes
5answers
767 views
Joint bank account - is this normal?
I've recently opened a joint bank account with my fiancee. And yet, everything seems to be in his name, with me tacked on as an afterthought. Is this the normal way of doing things? If I were to move ...
1
vote
3answers
1k views
Best bank without incoming wire transfer fees, for receiving money regularly?
I'm going to be receiving monthly wire transfers, and I found out that my bank (US Bank) charges $20 for each one. Are there any good banks that don't charge for incoming wire transfers?
4
votes
3answers
176 views
Are there any catches with interest from banks? Is this interest “too good to be true”?
Here's the long put short:
I'll have £100,000 in my possession soon (inherited). I'm 17 so I have a NatWest Adapt account (teenager bank account) with an interest of 1.09%.
Now, if I was to put the ...
4
votes
2answers
788 views
Ramifications of closing my Wells Fargo cash secured credit card only 3 months after opening
How do I continue using my Wells Fargo cash secured credit card once they change their ToS and start charging a $15+ monthly account service fee in addition to the $18 secured credit card fee from ...
1
vote
1answer
191 views
Open bank account in CHF
I'm living and working now in the Netherlands. Here you can easily open a bank account in EUR but I am interested in an account in Swiss franks. Browsing web pages of several Dutch banks I haven't ...
3
votes
1answer
54 views
Financial Power of Attorney
My mother is getting older, and we decided that I would gradually start taking over her finances, and that we would start getting all our ducks in a row well in advance of her having any type of ...
