Tagged Questions
1
vote
1answer
61 views
Where do I owe taxes while I am contracting overseas to Germany?
I am currently a student in the US, but I am originally from Japan.
An IT company from Germany contacted me for a web application project and they told me they are going to send me the money to my ...
5
votes
3answers
273 views
Are Square credit card readers practical for individual use?
Has anybody tried using a Square credit card reader for individual (non business) use? The scenarios I'm thinking about are for selling stuff at garage sales or on Craig's List but I imagine there are ...
0
votes
1answer
102 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.
...
2
votes
1answer
41 views
Ink Stamp for Depositing Checks
If I had a personal checking account that I made frequent small deposits into, would it be possible to use a custom stamp instead of a signature endorsement?
What information would need to be on the ...
3
votes
2answers
76 views
Should mainland Chinese invest in the US market?
Forgive my poor financial vocabulary to put this properly. I'm a Chinese in China and for now most of my money (USD earned from US, transferred to China and then exchanged into CNY) are being managed ...
6
votes
1answer
280 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 ...
7
votes
1answer
262 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 ...
2
votes
1answer
239 views
Are there any alternatives to ING's Electric Orange that have similar features?
I currently utilize ING Direct for savings and checking via Electric Orange and Orange savings accounts. However, two features of their bank have stopped me from truly utilizing their services to the ...
4
votes
3answers
148 views
Can I check multiple lenders for mortgage rates, via preapproval, and have it only count as one hard inquiry on my credit?
Note: This applies to the State of New York (the NYC metro area), in the United States.
I'm shopping around for mortgage rates. I'm not sure if I have to get a preapproval mortgage to get their ...
6
votes
3answers
125 views
I have an “excellent” credit rating. Do I need to get a preapproval mortgage letter?
I'm in the infancy of buying a residential property. I have a credit rating of EXCELLENT. Do I need to get a preapproval mortgage letter? I thought that getting preapproved would expedite the ...
2
votes
3answers
305 views
I have $12k in a Chase checking account, but want to start earning interest/saving/investing/etc to make more money. What should I do?
Basically I'm tired of money just sitting there doing nothing. Is it wise to open a savings account with my bank (Chase)? Should I take it elsewhere? Should I get into stocks? Do I even have enough?
...
0
votes
1answer
65 views
Are bank accounts (same bank) accessible from outside of the U.S
This is a bit of a subjective question, perhaps more of a safety concern.
I currently bank with Citibank (U.S), and since I know they have branches in other countries, could bankers in those other ...
7
votes
4answers
426 views
How to pay U.S. bills while living in Canada with Canadian income?
I'm from the U.S., but I'm living in Canada and all my income is in Canadian dollars.
What good options do I have for paying my American bills?
Currently, the best option that's been presented to me ...
6
votes
2answers
180 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
2answers
702 views
What is a maximum amount that I can wire transfer out of US?
Say, I would like to buy a property in Thailand. The price is about $200,000. I might wire it to my Thailand's checking account. Just want to know is the limitation of wire transfer.
Also, is there ...
9
votes
4answers
2k views
Would depositing large cash amounts cause problems?
I saw an article recently where a man withdrew $600,000 USD in cash from his bank. I'm sure many folks here would advise against this move for obvious (and perhaps not-so-obvious) reasons.
My ...
1
vote
1answer
47 views
Do you need to be a customer of the bank to use their safety deposit box services?
The bank I want to use in the future doesn't have physical bank office locations so I'm looking into being able to use a safety deposit box service or something similar to store some documents.
4
votes
1answer
388 views
Bank Statement vs. Bank Solvency Certificate
I am a non-us resident seeking a visa for education and a number of universities ask for proof of funding, in the form of bank statements or solvency certificates, during admission. What exactly is a ...
4
votes
2answers
124 views
Accidentally opened a year term CD account, then realized I need the money sooner. What to do?
I opened a year term CD account two business days ago and just found out that I would need that money this year. I searched around the web and it looks like there is a federal law saying that a bank ...
2
votes
1answer
66 views
Difference between clearing a check and hold on funds
Quick question on banking terminology:
Can a check deposited in a U.S. bank clear, but still have the funds be subject to a hold?
Or are clearing and not having a hold the same thing?
6
votes
5answers
874 views
Tax consequences of a foreign bank account
My wife is a Canadian citizen, I am a US citizen. We live in the US, but make frequent trips to Toronto. The problem we face each time we cross the border into Canada is that we have to change our ...
4
votes
1answer
1k views
Is Chase alone in restricting how much I can wire transfer, or do other banks also limit like this?
My Chase account requires that the amount I wire (either international or domestic) should have been in my account for at least 10 days. Is this a requirement for all the banks or only for Chase? Why ...
5
votes
2answers
192 views
What happens to my credit card or line of credit if my bank goes bust?
What happens to my credit card or credit line if the bank goes bust?
I'm not concerned about the BALANCE on them, I'm concerned about losing an older credit line and its effect on my credit history ...
2
votes
3answers
116 views
Advantage of credit union or local community bank over larger nationwide banks such as BOA, Chase, etc.?
With the recent news that many banks are going to start charging from debit card use, I was thinking of switching to a credit union or local community bank because I heard they would most likely not ...
2
votes
3answers
95 views
What banks or credit unions local to Texas are most convenient?
I'm researching credit unions and banks in Texas due to the recent announcement of Bank of America's $5/mo fee for debit card use.
I'm very mobile. I live in College Station, TX, primarily, but have ...
4
votes
3answers
136 views
Can I label my checking accounts? Trying the envelope system with debit cards
I want to use an envelope system and categorize my expenses. So lets say I have 3 checking accounts for:
Grocery
Restaurant
GAS
... each will have its own debit card. I can write a label name ...
8
votes
2answers
5k views
USAA bank: What are the requirements for membership? Military only?
I've been hearing more and more about USAA bank on the radio. I've asked around and some friends have indicated to me that their rates are the best around the US for any type of personal lending. ...
6
votes
4answers
1k views
Why are monthly mortgage pre-payments applied to the back-end of the mortgage?
After having paid several years of 'extra' principal payment on my mortgage, I found that the extra monies were being applied the the 'back-end' of the mortgage instead of the 'front end'.
The ...
11
votes
5answers
3k views
How to store millions of dollars?
Not that I have it but most banks only secure amounts up to $100k so if you put $1M in there are you at risk of losing $900k if that bank shuts down? How do people store large sums of money, do they ...
7
votes
6answers
481 views
What is a good 5-year plan for a college student with $15k in the bank?
I have 15K in a USA Midwest bank called TCF. I am a college student, and after working at some internships I saved up some cash.
I currently have the money in a savings account called "TCF® Premier ...
6
votes
5answers
376 views
Where can I borrow money for investing?
Where can I borrow money in the US if I have a good credit (730+)? I have heard community unions a good place to borrow money..but the lowest they could get is 12 percent. Can I borrow from a ...
3
votes
1answer
170 views
Who issues bank numbers in the United States?
I was inputing my routing number for a new bank account to do direct deposit and I started to wonder why every bank has the same format for routing and account numbers.
Who issues the numbers?
Is ...
5
votes
2answers
345 views
How does a bank transfer money to another bank?
In a fiat currency if I do an electronic transfer for US$200,000 from say a Bank of America current account to Citibank how do the banks account for/handle the transfer?
Are we just relying on trust ...
4
votes
2answers
217 views
What banks work best with accounts in multiple states?
Many years ago I opened my first account at Citibank thinking it's a "global" bank and I can use it for years. Since then i moved many times and eventually to a different state. As I found out to my ...
4
votes
3answers
161 views
I need a new bank! How do I determine the financial stability of a bank in the US?
I am moving and will be switching one of my accounts to a local bank. I was wondering what is the best way to determine a banks financial stability? Does the Federal Reserve publish something? If ...
2
votes
1answer
92 views
U.S. banks with their own financial aggregator online tool?
What banks in the U.S. have their own financial aggregator?
I know two banks in Canada have them: RBC’s myFinanceTracker and BMO’s MoneyLogic.
I don't expect a better product than Mint.com, but at ...
8
votes
3answers
828 views
What is the best way of transferring money from American to Canadian bank?
I am a Canadian that will be working in US for some time. I will still have Canadian bills to pay, so I would need to regularly transfer US dollars from some US bank to my Canadian bank account in ...
2
votes
2answers
209 views
Is there a debit card that earns miles (1 mile per $1 spent) and doesn't have an annual fee?
I use Bank of America and they offer debit cards on US Airways and Alaska Airlines, but I earn 1 mile for every $2. Plus, I pay an annual fee. I would love to switch banks and use a bank that offers ...
4
votes
5answers
2k views
Is there such a thing as a deposit-only bank account?
My employer wants me to give my routing-numbers, social-security numbers, and basically everything else required to take money out of my account, to several third-party direct-deposit websites (one ...
4
votes
1answer
1k views
What laws govern check clearing in the US?
When I deposit a check in my bank, the bank credits the first $100 of the sum immediately and the rest of the sum is credited the next day, usually. I know that it's not a real clearing - i.e. if the ...
7
votes
3answers
587 views
I'm moving to another country. Where should I keep my money?
I've been working in the US for a number of years, and am shortly to return to Australia. My cash is in an online bank based in the US.
Would you recommend I move it to an Australian bank, or leave ...
5
votes
4answers
206 views
Advice on selecting a bank in the US
I'm moving to the US soon so I need to choose a bank to open accounts with. Does anyone have any advice on which banks or credit unions are good or particularly bad?
For the purposes of this ...
2
votes
3answers
186 views
Where can I learn about the differences between the banking system in Puerto Rico and the USA?
Puerto Rico is a territory of the USA.
Puerto Ricans can:
not vote for president
vote in presidential primaries
not pay federal taxes
go to work for the US army
are US citizen
work in any state ...
5
votes
2answers
186 views
Is there any site to compare the security of (online) banking services?
I work in the computer industry, and I know a few things about security, like the fact that those "security questions" that you're asked for are pretty much completely bogus and not useful as ...
7
votes
3answers
2k views
US Bank placing a hold on funds from my paycheck deposit: Why does that make sense?
I've just received my first paycheck in four months (yay!). In the meantime, my bank account went about $150 negative. That's one of the reasons I deposited my paycheck into that bank account - I ...
8
votes
3answers
537 views
Which bank (checking & savings) offers the best interest rates, lowest fees, and is FDIC insured?
We currently use ING for our banking and like a lot of its amenities, but their rates (as most banks, I'm sure) keep going down, down, down. The current savings rate is 1.25% APY and checking rate is ...
6
votes
3answers
108 views
What bank deposits are insured in the U.S.?
What kind of bank deposits in the U.S. are insured against banks going under? What do I need to look out for to make sure my money is safe?
