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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15 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 ...
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1answer
979 views

Trying to transfer money from a Bank to Paypal account. Being asked for a valid Swift Code.

I gave a bank my Paypal account number, IBAN and other details to send some amount to my Paypal account, and I got a response saying that I have an invalid SWIFT CODE and the transaction failed ...
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1answer
54 views

How to search efficiently for financial institutions, credit cards, etc (At least in Canada)?

I tried Google to seek high-rate savings accounts, which effected websites like https://www.highinterestsavings.ca/chart/, the broadness, newness, and reliability of which I doubt, because for ...
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1answer
47 views

How will a rise in interest rate affect the CAD

When Bank of Canada raises interest rates ( not sure when or if that will happen), can I expect the CAD to regain its former glory against the USD? Is it fair to say that buying the CAD: USD pair ...
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0answers
80 views

What is the meaning of “BY” in atm mini statement?

I recently printed my mini statement of central bank atm card in a sbi atm machine. I got a statement where there was deposit made and abbreviation written as "BY". I never heard of such abbreviation ...
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0answers
140 views

What are the standard industry practices or disclosures for computing compounded interest on retail deposit accounts in the United States?

I'm seeking to understand how my bank calculates the interest on my various deposit accounts (Money Market, Interest Checking, Savings, Certificate of Deposit) in order to simulate and predict it to a ...
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0answers
28 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 ...
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0answers
9 views

Even payments between Primary and Secondary Bank sharing loans

I have a question, Im a math guy, so the finance intuition is hard for me and Im not too sure how to ask this so maybe some help in phrasing will be needed as well. Suppose I have a person coming in ...
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85 views

What does it mean: 'Bank fees are a write off'?

...quite willing and ready to pay by paypal or by direct wire to a bank. Paypal just takes time getting used to your financial transactions, and as for banks, bank fees are a write off. ...
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0answers
25 views

Cheapest way to Wire Money to Asia

I am starting an online business and a great deal of my product sourcing will come out of China. My current bank accounts do not allow international wiring of funds. If I set up an account that will ...
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66 views

Indian resident > earnings go in USA bank > then wire to India > do I need to pay US tax?

The question says it all... I have a personal bank account in the USA (as a non resident), where I get paypal and other payments. These payments are then sent to my Indian bank. I do not live in ...