To be used for any generic banking question. If there is a product-specific question, specific tags like credit-card, savings etc. should be used. If there is an entity-specific question, descriptive tags like merchant, community, consumer, small-business should be used.

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-3
votes
2answers
51 views

How to deposit a cheque issued to an associate in my business into my business account?

A customer paid with a cheque made out to an associate in my business instead of the business name. How can I deposit this cheque into my business account ?
-1
votes
0answers
36 views

Looking for Cheque Printer? [on hold]

I am looking for smallest possible cheque printer for printing cheques after highest security cheque paper with all possible features is attached to the printer and data written using the software. ...
0
votes
0answers
25 views

Can I deposit a check into my business account for a closed entity

I own several entities, all with the same core business name (e.g. holdings, services, group, media, technology). The one with the group name was closed, as we decided to run everything through ...
0
votes
1answer
41 views

How long banks in India retain transaction details?

How long does banks in India need to retain the transaction details for a savings account? For a legal requirement to prove that I've made payment to someone in the Year 2003, I'm looking for that ...
1
vote
1answer
46 views

ACH Transfer limits

I belong to a Credit Union and they tell me that the maximum amount I can transfer via ACH is $500. That seems very low to me. Is that normal?
1
vote
1answer
66 views

What are the Effects (Negative or Positive) of Having a Joint Bank Account?

Currently, I am using the same bank account that I have used since I was a child. This is a joint account, whereas the other party is my mother. I have a good relationship with my mother and I know ...
1
vote
1answer
58 views

Getting around paypal's repeated charges

Does anyone know of a bank that will decline (not overdraft) on electronic charges? Paypal keeps bouncing off my bank account after they screwed up and double charged me. I'm in the process of ...
0
votes
1answer
30 views

Accounting for foreign exchange transactions and difference between market rate and rate given

I am trying to find how to account for the change in exchange rate and the rate given to me by my bank. I understand the rate change between two dates is a foreign exchange gain or loss, but what ...
-1
votes
1answer
54 views

Can you cash a US treasury check in the Netherlands?

I'm on a family emergency in Tilburg, Netherlands, and I received a check from the US treasury for my social security disability payment back home in the States. I have a savings account with no ...
4
votes
4answers
2k views

Can I access my bank funds without a card or knowing the account number?

Can I go to the bank and get money when I don't know my account number, don't have a card by just giving the my name on the accounts?
6
votes
3answers
327 views

When should I schedule direct debits?

I am going to start a new job soon where I will be go from being paid weekly to monthly. I have several direct debits that come out of my account all through the month. I would like to reschedule ...
-5
votes
1answer
78 views

How can I learn my bank account number?

I don't have any old checks, but I can log into my bank's website. What can I do to learn the number?
7
votes
1answer
227 views

Constant credit card fraud - is this normal?

I have a Chase Sapphire credit card that has only two authorized users: myself and my husband. We are the only ones who have the card. We both use the cards safely following the "rules". I pay using ...
3
votes
1answer
89 views

How is my [UK] bank calculating mortgage porting affordability?

I have had a mortgage with my bank for ten years now, and want to move. I have phoned them a few times to ask about what I can afford, but each time the answer confuses me, and when I ask how they ...
-1
votes
1answer
84 views

What happens if there are insufficient funds in my checking account when a cheque is deposited?

In my question, there are two accounts involved. I will call the account where funds are being taken from (debited) Account A and the account where the cheque deposit happens Account B. Question: At ...
0
votes
1answer
51 views

Using bank wire transfers

Will any bank reports have to be filed if I send more than $10,000 in my bank account by a wire transaction to another bank account in my name in the USA?
15
votes
7answers
4k views

Why don't banks allow more control over credit/debit card charges?

Why don't most banks have a system where, when you charge something on your credit or debit card, you then have to log into the bank and approve the transfer of funds? Alternatively, why don't they ...
10
votes
2answers
2k views

Money sent to loan account after it has been paid off and closed

For the last few months I have been paying off a loan via automatic payments from my current account that transfer over automatically each month. The loan got paid off and the bank closed the account. ...
5
votes
1answer
83 views

Are unknown lenders safe to use?

I want to refinance my mortgage, so I went searching for rates and a typical page on BankRate looks like this: These rates are a good half a percent less than what's offered by the major banks, but ...
1
vote
1answer
98 views

Alternatives to Bank Accounts

I have both a savings and checking account with Wells Fargo and I'm just getting disappointed by the fact that I don't get hardly any interest. Is there somewhere else I could stick my money so that ...
3
votes
1answer
140 views

Is it OK that my bank's routing number is nowhere near me?

I have an HSBC account. The checks on said account have a routing number of 021001088. From what I found, this number has a location of Buffalo, Ny. That is a little weird since I live in NYC and the ...
1
vote
1answer
71 views

Can eBay work with your bank card

I want to deposit 60$ I have in my eBay account from doing online surveys and such, but ebay only has my debit card number. Will my bank (Huntington) or any bank allow it to be deposited through my ...
9
votes
3answers
1k views

“Simple interest rate of 0.10%” corresponds to “APY of 2.54%-5.00%”… how?

This checking account says Balances above $5,000 earn a simple interest rate of 0.10%, with a corresponding APY of 2.54%-5.00% APY. I don't understand how a simple interest rate that is a fixed ...
-7
votes
3answers
65 views

Physical CHECK Front Side - Question

Would anyone please be so kind to tell me which address is under the name of financial institution which is located on the top of front side of check? Is this address the address where the letter ...
-1
votes
2answers
81 views

Physical Checks - Mailing

I am about to mail a check directly to a financial institution in the USA where the receiver holds an account, so that the money from the check can be deposited into the receiver's account. However, ...
0
votes
0answers
15 views

Claiming tax benefit for the pre construction period home loan interest paid

Can the tax benefit be claimed for the pre-construction period of the home loan interest paid for the let out property,after construction of the house.(In my case the period of construction is more ...
1
vote
0answers
108 views

US Bank Won't Cash Old CD

I have an old (> 20 yrs) CD from a bank that was bought by a bank that was bought by US Bank. I went to US Bank to get it cashed, and they have no record of it, me, or my parents (we're all listed on ...
0
votes
1answer
103 views

I have an account at the BBT and money was seized for inactivity

Hi I had an account at the Wachovia that then became the Colonial and now its de BBT. I have not used the account for years but checked online regularly. I now go to the bank and they told me the ...
0
votes
1answer
72 views

Where to request ACH Direct DEBIT of funds from MY OWN personal bank account?

Could anyone please explain where and how to request ACH Direct DEBIT of funds from MY OWN personal bank account? The ACH Processors such as nationalach.com are out of the question because they only ...
6
votes
2answers
191 views

How do I protect money above the FDIC coverage limit?

Recently, I received an inheritance of $1.2 million. I'm planning on investing 1/4 of that in properties. With that being said, I'm still way above the FDIC coverage. Besides investing, what else ...
0
votes
1answer
77 views

Handling loan on flat to rent

I intend to buy 2 room flat and rent it. Flat costs 240k and I have 70k in cash. I expect to get paid 2k per month from renting flat (1k per room). Bank requires my minimal contribution of 10% of flat ...
4
votes
2answers
186 views

Bank transfer not allowed for “cash account”

I've recently reloacated to UK and opened a bank account to deposit my paychecks. As I didn't have a credit history, the bank allowed me to open a (what they call) "cash account". Now, given that I ...
0
votes
1answer
61 views

Why do I need a credit history to open an account in UK

I'm from somewhere in EU and I've recently landed a job in london. I was trying to open a bank account here, but I found it extremely difficoult as it appear that to have a bank account here in some ...
0
votes
1answer
58 views

Moving money into Fifth Third checking account through Access 360 card

My account was one of those compromised a bit back, and as a result Fifth Third cancelled my card and gave me a prepaid Access 360 card. Due to some mail complications I never received my new card, ...
0
votes
0answers
36 views

Do I have to pay remittance tax?

A friend of mine wants to buy a house in my country in Viet Nam and he authorized a bank in UK to transfer this sum of money of more than 200,000 USD into my bank account. However, this bank asked me ...
0
votes
0answers
42 views

Does “Know Your Customer” (KYC) rules apply to financial products?

When a financial institution enters a relationship with a customer, they must abide by the KYC rules. What does the regulator say about options or ETF? The questions boils down to: would it be ...
0
votes
1answer
77 views

How to recover money from old closed/dormant bank accounts in the U.S.?

Can anyone answer how to recover cash from (old) closed bank accounts from banks in usa?
26
votes
7answers
6k views

What risks are there acting as a broker between PayPal and electronic bank transfers?

I have a company offering a position as a transaction representative, they're located in Poland and say they can't take direct payments or use Paypal due to "money amount limits" on Paypal there. ...
1
vote
1answer
118 views

Is there an expiration date on Bank of America's Cashiers checks?

Upon my advice, my daughter requested a cashiers check in a BOA office in NJ today rather than carry a sum of cash out of the bank. She asked how long the check was valid. The Bank Manager told her ...
2
votes
1answer
87 views

Condo hazard insurance — who takes the next step? Everyone else is refusing

I live in California. The bank (in Atlanta) who has our home loan needs to see proof of our condo master hazard insurance policy or they will buy us a policy. The agent who sold the policy told me ...
1
vote
0answers
66 views

JPMorgan Chase bungled my credit card autopay [closed]

So many months ago I enabled autopay and out of paranoia I continued to manually make online payments from my checking to my credit card account. This time I finally bought into their assurances that ...
7
votes
2answers
204 views

When can I be sure a questionable check has cleared?

Someone has sent me a check for $250 in payment for property damage they caused in a car accident. It would have been better if I had gotten a cashier's check or official check, but I'll have to make ...
1
vote
2answers
345 views

Chase bank not breaking large bills for non-account holders

I recently went into a Chase bank to break a $100.00 dollar bill to get five twenty dollar bills. The teller ran my one hundred dollar bill through a counterfeit bill checker, and then proceeded to ...
2
votes
0answers
48 views

If my business is under FTB audit, can I close my old bank account?

We plan to switch from Bank A to Bank B and we are currently under Franchise Tax Board audit. We also recently realized that account in Bank A is with outdated EIN that we forgot to update to SSN when ...
0
votes
0answers
53 views

US Banking Rules regarding endorsements of non-government checks?

The issue is that only one of three payees on a non-governmental check endorsed the check. The check was subsequently deposited by the one party endorsing the check. An insurance check made out to ...
-1
votes
1answer
162 views

How will getting a second credit card from another bank impact my credit score?

I am almost 20 and have had a credit card since I was 18, I was working (officially) since I got my chequing account in early teens. I have been with TD Canada Trust ever since (Canada). Now I want to ...
6
votes
2answers
94 views

Deposited a 1m Life Ins. benefit check to WF. Do you foresee any issue dividing it up in 1/4?

Deposited a 1m Life Ins. benefit check to Wells Fargo. Do you foresee any issue dividing it up in 1/4 by opening three other accounts and either writing a check or wire to move? Concerned with any ...
1
vote
3answers
204 views

Why do transfers between your own accounts WITHIN the same bank take a business day to clear?

Why is it that when you e.g. transfer money between your savings and checking account at a bank in the U.S. (say Bank of America), it takes a business day for the transaction to clear? I understand ...
0
votes
1answer
30 views

Can somebody explain “leveraged debt investment positions” and “exposures” in this context for me, please?

"The strong bond performance has led to a surge in leveraged debt investment positions that are ultimately funded by the banks' interbank exposures and WMPs. But nobody really knows how levered these ...
1
vote
1answer
66 views

How should I decide which bank or credit union is right for me?

I'm a college student, and I make money. Some of it I want to spend quickly. Some of it I want to put off spending for as long as I can. As I'm striving to become more financially responsible, I ...