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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1answer
107 views

How do I understand this wire instruction?

Choicebank requires all money to go to an intermediary bank http://www.choicebankltd.com/file/2015/09/Wire-Instructions-NCB-09032015.pdf Their instruction is VERY CONFUSING What is field 56a field ...
0
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0answers
439 views

Stopping Payment on a Check--How Long Does it Take?

Background: my previous landlord returned my security deposit, but for less than the full amount. I believe I am entitled to the full deposit back, so intend to dispute the amount. I am going to try ...
3
votes
1answer
125 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 ...
1
vote
0answers
346 views

Prepaid VISA Debit Card declined on Amazon.com

So I tried to make a purchase on Amazon.com using my Prepaid Visa Debit Card but it was declined, they said: We have canceled your recent Amazon.com order(s) because we are unable to charge your ...
4
votes
4answers
29k views

Can I cash a cashier's check at any bank?

I will be receiving a cashier's check, from a bank, a little over $12,000. It was a portion of money from the sale of my deceased parents home. I would like to know if I will be able to go to any bank ...
0
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1answer
56 views

I need to open a brokerage account in the US from AUSTRALIA

Does anyone know if I may be able to open a brokerage account in the united states but living in Australia, to use in trading.
1
vote
2answers
79 views

Free banking transfer every 4 weeks

In an effort to automate my banking life, I'm trying to setup recurring ACH transfers from one bank to another. I need the flexibility to do the transfer every other paycheck (every 4 weeks). Bank ...
2
votes
3answers
518 views

My bank often blocks my card during purchases - what is the most reliable bank card? (UK)

My bank (Natwest) blocks my debit card so frequently that I'm often worried about making large transactions - such as checking out of a hotel, buying at a luxury store, etc. It ruins experiences that ...
1
vote
1answer
292 views

What does it mean to borrow short and lend long?

What does it mean that institution borrowed short and lent long?it would be great if u may use a comprehensive example. Thank you very much.
0
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0answers
55 views

Load / Withdraw fund from another bank branch in another country, how fast and cheap?

I am newbie to the banking and financial services. just tell me if below scenario is possible: I need to open bank account, then fund/Load money to it in country A, my friend will fund my account ...
1
vote
2answers
173 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
97 views

getting paid for work in Canada to a U.S bank account?

So I'll be temporarily transferred to one of our company's offices in Canada for about a year. Can I be paid to my U.S bank account just so I won't have to transfer the money back to the U.S when I ...
3
votes
1answer
430 views

Anyone have experience with Brink's 5% savings account?

If you get a Brinks prepaid MasterCard (no initial fees, and you can even get a $20 signup bonus) and go through some other gyrations, you can presumably get access to a 5% FDIC-insured savings ...
0
votes
0answers
152 views

Send money to someone with Bank of America

My nanny has a Bank of America account. What is the easiest way to send her money electronically. She is not tech savvy. I've tried Quick Pay multiple times, she can't seem to figure it out. I ...
0
votes
0answers
26 views

Crisis Safe International Savings Account

I am a non-US national living in a non-US country and I am planning to liquidate a smallish amount(about $10k) of my US dollar assets and set them aside to have some buffer for my family in case of ...
4
votes
2answers
120 views

My ex sold our car that still had money owed [closed]

My ex sold a car that he and I bought together. Both of our names are on the title. We both still owe 10k on the car. But now that the car is gone the banks are coming after me. Is there anything I ...
1
vote
2answers
68 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 ...
1
vote
0answers
60 views

Default on credit report

I was wondering if anyone could help me with a situation that is giving me a lot of trouble at the minute? Back in 2011, I took a credit card with Vanquis Bank. Being young and silly, I didn't really ...
14
votes
4answers
826 views

how to deposit found money

About $25,000 was found in my home ceiling which I believe was put there years ago by my parents and forgotten. I want to know if I deposit it all in the bank at one time will that cause any problems ...
1
vote
1answer
52 views

Control mechanisms on banks' total income [closed]

What standard or rule controls total money transactions in a bank (especially internet banks) so that they don't create money for themselves? As I understand it, banks can create money as they loan. ...
10
votes
1answer
1k views

What happens to the original funds when a certified bank check is not cashed?

When a bank issues a certified check that was funded from my account, where will the funds end up if the recipient never cashes the check before it expires?
6
votes
2answers
623 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 ...
2
votes
1answer
136 views

Direct deposit downside

After working at a job for four years as a salaried employee, my employer has offered direct deposit. He says he has to hold a weeks pay in arrears to give time to adjust deposits for those who leave ...
8
votes
2answers
768 views

Can anybody cash my check by using an ATM? Does the machine check the name of the check and debit card?

I lost my paycheck. If somebody finds it will they be able to cash it?
3
votes
2answers
507 views

What are the requirements for someone to deposit a check into your bank account?

I recently opened a checking account and gave my account number to my new boss. What will my boss need to do to be able to deposit a check into my checking account? Can someone deposit into your ...
2
votes
2answers
835 views

Offshore Bank account with Online International Wire-transfer facility for Indians

I am freelancer having Indian nationality and residing in India. I own and operate Sub-Affiliate program of US based company. I have Bank accounts in India which operates in INR (Indian Currency). ...
4
votes
2answers
1k views

How quickly are the funds from a bank deposit available via my debit card or a check?

I deposited a cashier's check into my account at 8AM, the account had nearly nothing in it. If I were to use the "credit" option on my debit card at the grocery store would I overdraw my account? Do ...
0
votes
0answers
37 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 ...
3
votes
1answer
133 views

How to minimize damage from sale of savings account

I've been a Bank of America customer for ~13 years and have maintained the same accounts during that period. I currently have a checking and savings account with them and have two credit cards (one ...
0
votes
0answers
139 views

What I need in order to receive payments from Valve?

This post is complementary to this one. I'm developer from Russia and I recently passed Steam Greenlight. Now I'm stuck on the Valve program enrollment phase. From what I've seen in the Valve forms, ...
1
vote
2answers
478 views

How do I withdraw all money from my HSA account as a non-resident?

I have lived in US for 5 years, and I (still) have an HSA account with BoA. Now I am living in Europe, and there's a fat chance I'll ever go back to live in US, so I would like to withdraw the money ...
-2
votes
1answer
84 views

What does bank do with “Repaid Principal”? [closed]

When a bank on its loaned amounts receives payments towards repayment of the principal, what does it do with this amount received by them as "Repaid Principal"? Does this amount received as "Repaid ...
-2
votes
1answer
159 views

Brainstorming: Homebrew “credit” card?

In response to another question (about how to make credit cards pay interest on any positive balance), I came up with an odd combination: Get an account with both a debit card and a linked ...
1
vote
1answer
267 views

List of banks with free OFX service [closed]

I am looking for a list of banks that offer a free OFX (Open Financial Exchange) service. The best list I have been able to find is here: OFX List Some of the banks on this list are documented to ...
1
vote
1answer
103 views

Inexpensive Method of International Swift Transfer for Low Dollar Amounts?

I am dealing with a beareaucratic government office in Europe in order to get some family records. They will only accept SWIFT transfers and have provided me with two different accounts I need to send ...
-5
votes
2answers
6k views

How do banks handle billion deposits with interest?

Say you're a billionaire with 1,000,000,000. Assume an interest rate of 0.8 percent APY. Then after 1 year, you get 8,000,000 in interest. How do banks deal with this? Do they have a cap on how much ...
2
votes
0answers
121 views

How can I significantly increase my credit score using cash? [closed]

I would like to improve my credit score^ by throwing money at it rather than by waiting several more years for a ding to disappear from it. I've read several good questions and answers here about ...
1
vote
1answer
117 views

FD and liquidation of cooperative Bank (patsanstha) in India

I've my money stuck in cooperative patsanstha (bank) since last 4-5 years. Money was invested across multiple FDs (worth Rs. 1,50,000) and after banks liquidation they deposited the money to saving ...
5
votes
1answer
294 views

Minors financial rights in the US

I've been looking at options for minors in the USA regarding their finances and everywhere I look, I see 'people under 18, need a guardian, parent etc. to open a checking/saving/brokerage account' and ...
0
votes
2answers
59 views

Is it possible to split a bought price made with a credit card into some monthly payments?

I'm from Brazil and here the thing works like that: If you buy a 300-dollar TV, but the limit of your credit card is 200 dollars, you can split the payment into 2 or even into 12 times. Since, each ...
3
votes
1answer
175 views

Should I put a small amount of savings in a high interest savings account?

The highest in Canada that I've found is 2.8% interest, compounded annually where the interest is calculated daily. I have $2000, and the initial amount and the interest earned is guaranteed by a ...
-2
votes
2answers
137 views

Is UK house price spiral connected to debt based monetary system? [closed]

Is the monetary system's debt basis* driving government policy on housing and property, and how could this ultimately affect personal housing affordability? The UK has an ongoing 'situation' with ...
1
vote
1answer
344 views

Investing money 101

I feel really bad for posting this because I'm completly unable to make a proper search about my question. There is a very high chance that this is more than duplicate, and I apologize. I would like ...
1
vote
1answer
232 views

What do US banks look for while processing a check

I recently had two issues with banks & checks I deposited a check payable to my spouse & me in our joint account at the bank ATM. It was accepted, then rejected - missing endorsement. Turns ...
0
votes
0answers
48 views

Depositing an insurance check made out to a foreign ltd into a personal US account

I own a boat which is registered in the BVI's in an Ltd. name. There is no business and thus no bank account for it. I am a U.S. citizen with a regular U.S. bank account. I incurred boat damage and am ...
0
votes
1answer
305 views

How to withdraw money from an account with only an account number?

I was given an account number and a route number from one of my friends and she said that I can walk into any bank and withdraw funds that she owes me. I don't have any bank account at all. So my ...
-1
votes
3answers
289 views

How can banks pay interest on money they borrow from the FED? [closed]

I'm not sure if this is the right site to ask this question. If it's not, please point me in the right direction. So, if the FED is the only institution that can increase the monetary base (create ...
1
vote
1answer
365 views

Can a new US resident safely open a bank account as a non-resident?

Fresh US immigrants that want to open up a bank account as soon as possible generally face impediments like needing to profile a proof of address/residency. This comes in the form of utility bills or ...
0
votes
1answer
5k views

What does a negative balance in a checking account mean?

I just started using online banking, just to watch everything. I've notice that my current balance was -6.57?! Does the -6.57 mean I've overdrafted or something? Btw, it's a debt account..
2
votes
3answers
243 views

How to withdraw money from currency account without having to lose so much to currency conversion?

I'm trying to withdraw some money from Barclays currency account, but I don't know how without losing so much on the unfair conversion rate. For example, I've found the following rates (as per ...