Greatest Hits

2
votes
2answers
243k views

How do I send money from account to account using an ATM, within India?

I would like to know how to transfer money from an account to another account, using an ATM within India, which banks allow to transfer money. If we cannot transfer money from account to account in ...
49
votes
6answers
305k views

Can I trust the Motley Fool?

A while back I checked out The Motley Fool while doing some research on mutual funds. I found their educational content to be a great overview of what to look for and started exploring. While The ...
126
votes
3answers
486k views

Can someone explain a stock's “bid” vs. “ask” price relative to “current” price?

In my online brokerage account, I want to buy a particular stock and I see the following: Bid: 13.20 x200 Ask: 13.27 x1,000 the current stock price is 13.22. Can someone explain what ...
118
votes
2answers
713k views

Is it safe to give out one's bank account number?

I'm managing the utility of the house and I'm 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 ...
7
votes
2answers
72k views

How do I check if I have already filed my taxes [Unites States]

I don't know if I've filed my taxes or not! I am due a refund according to TaxACT Deluxe, but I have no idea how to check if I have already filed for my taxes? What happens if I e-file again and I ...
15
votes
4answers
391k views

Is it possible to cash a check made to someone else's name? How to do so?

Is it possible to cash a check made to someone else's name? How to do so?
5
votes
3answers
179k views

What is the difference between Debit and Credit?

What is the difference between Debit and Credit AND purchase and sale? These terms are very confusing. I have some example questions to understand it more easily. If I run a shop and a ...
68
votes
6answers
129k views

Sugar daddy wants my online banking login info to make deposits — is it a scam?

Someone is offering to pay me in a sort of sugar daddy/sugar baby arrangement. They want to make online deposits to me, and they're asking me for my online banking username and password. Is that ...
84
votes
18answers
75k views

By 18 years of age, I want a brand new car that's $43,668

I'm from Arizona and I will be 18 in 4 months. I make about $1,200 a month from my job. I have $600 in my bank account and I don't plan to spend any of it until I'm 18. I'm looking to get a ...
254
212
votes
21answers
70k views

Why isn't everybody rich?

This question came up after reading this question (stock market long term risks), in which it is re-iterated (as it has been many times on this site), that investing in the stock market, especially an ...
42
votes
6answers
55k views

Maker taker fees - can somebody explain in plain english?

I'm interested in learning about how trading works, but this is all very new to me so bear with me. (I'm just poking around at this point, obviously nowhere near ready to actually be trading) Some ...
15
votes
5answers
199k views

How do I make a one of payment to my HSBC credit card bill with a HSBC debit card UK

I need to pay my HSBC credit card bill with a HSBC debit card and I can't transfer money between accounts (it doesn't show up on the list of accounts). When I click on the direct debit details it says ...
85
votes
8answers
177k views

Is it a scam if the person only wants to deposit into my account, not make a withdrawal?

A man in west coast Austria wants to deposit money into my account. I'm in Alabama. I had to get an online account. I did that, but he says his bank manager needs all this information: DOB ...
22
votes
3answers
139k views

If I leave my job, what happens to my flexible spending account?

I am about to decide how much money to set aside for my 2013 Flexible Spending Account (FSA). (The max this year is $2500.) But I am wondering what happens if I switch employers during the year. Does ...
53
votes
5answers
28k views

Withdrew £2800, but only £2000 shows as withdrawn on online banking; what are my obligations?

I just withdrew £2800 from the bank. Looking at my online banking, there is only a withdrawal of £2000 listed. The form I signed said the amount I asked for, and the teller weighed the cash out on the ...
13
votes
2answers
228k views

What are “headwinds” and “tailwinds” in financial investments?

I've seen/heard these terms in various writings & broadcasts lately. What do they mean?
19
votes
7answers
180k views

Can foreigners holding US tourist visa create a bank account in USA?

I am not a US citizen and want to visit USA as a tourist. Since withdrawing money from my home-country bank account will cost much, it is better to open an new bank account in US (after arriving) ...
15
votes
4answers
317k views

How to correct a mistake made when writing a check?

I think I know the answer to this, but I'm not sure, and it's a good question, so I'll ask: What is the accepted/proper way to correct a mistake made on a check? For instance, I imagine that in any ...
21
votes
7answers
246k views

What happens if I deposit a check and forget to endorse it with my signature on the back?

What if I deposit a check into a Bank of America ATM but forget to endorse it with my signature on the back of the check?
256
votes
12answers
123k views

I received $1000 and was asked to send it back. How was this scam meant to work?

Possible Australianism - netbank = a website + app by which an Aussie can do their banking, including transferring money to other people. A while ago, I ended up with $1000 transferred into my ...
237
25
votes
2answers
180k views

“Savings” account vs. “current” account - what's the difference?

When I draw money from ATMs or open a new bank account, there's the choice of either "savings" or "current" account. What's the difference between these two account types?
109
votes
10answers
39k views

Someone wants me to use my credit card at a card-only gas/petrol pump in return for cash

I was at a petrol station in rural New Zealand at the weekend which only accepted payment via the automated card reader on the forecourt. After I had filled up, a young woman approached me and asked ...
8
votes
2answers
60k views

If you receive life insurance, does the estate have any claim to it? Do you have to use it to pay for debts of the estate?

If after someone dies, you receive life insurance as the beneficiary, is the estate entitled to any of that money? Are there cases where the life insurance money can be included in the estate and ...
3
votes
2answers
142k views

How to withdraw money given only account information (account number/routing number/etc.)

It's not safe to give out your bank account number since it allows people to withdraw money. But if it's so easy, what's the easy process? i.e. is it even legal (assuming you have permission)? And ...
151
votes
24answers
53k views

Why do people save so much?

When I am old and retired (70 years +), I don't plan to spend a lot of money. I'll be living in my own house that is already paid off at that point, so no rent or mortgage payments. Since I don't need ...
27
votes
8answers
273k views

Should I pay off my credit card online immediately or wait for the bill?

I'm a college student and I just got my first credit card (through Chase). The only reason I got the card is to try and build my credit score. I also have a checking account with Chase, and they let ...
6
votes
5answers
177k views

Account that is debited and account that is credited

As a non-English-native person, I somehow find it difficult to understand the following: When an account is said to be debited, what does this mean? How does this differ from an account that is ...
13
votes
5answers
184k views

Why is there a delay on credit card transactions showing up on my online statement?

If I make a purchase with my credit card there is a delay of a few days before it shows up on my online statement. If I make a purchase with my debit card it usually is displayed that day. Why the ...
29
votes
3answers
210k views

What do the numbers on my credit/debit card mean?

I have the following visa card from comdirect.de: I guess: Number A is my credit card number. The 4 groups don't have a meaning. Number B: I have no idea. Might be my security code? Number C is my ...
7
votes
5answers
84k views

What does it mean to be 'in credit' or 'in debit'?

I always get this mixed up. My energy company says my account is 'in credit'. Does that mean I owe them money, or they owe me money? I thought it meant they owe me money but if that's case I don't ...
265
votes
18answers
103k views

Who can truly afford luxury cars?

I never really thought about money until one day I checked how much I made compared to the rest of America. The calculator said my household income is in the top 20%. Kind of funny to me, because I ...
29
votes
6answers
219k views

Sales tax “trick” while buying a used car; i.e. declaring sale at lower than actual transaction value?

I am selling my car and have found a potential buyer. After I transfer the vehicle ownership, the buyer will have to transfer the vehicle title to himself, and will also need to pay sales tax on the ...
18
votes
7answers
192k views

How to check the paypal's current exchange rate?

I have paypal account. My base currency is AUD. I want to check the conversion rate for buying a stuff in USD. When I go to payment step they show the actual USD amount and actual AUD that will be ...
5
votes
3answers
209k views

What is the difference between the closing date and due date for a credit card?

I just got my first credit card ever to begin building a credit. I got the chase credit card called Freedom. I have heard so many stories of credit cards that I got a little scared and that is why ...
88
votes
6answers
29k views

I co-signed on an apartment for a now ex-boyfriend who refuses to pay. What can I do?

I co-signed on an apartment with my ex-boyfriend when I was 18 and he was 21. We broke up. I am now 26 and it has been in collections for years. He refuses to help pay the debt. I am now stuck with ...
36
votes
7answers
150k views

How do rich people guarantee the safety of their money, when savings exceed the FDIC limit?

I am curious how a millionaire would guarantee the safety of his money, given that the FDIC only insures up to $250K of an individual's deposits at a bank. If someone had $3 million that they wanted ...
158
votes
21answers
57k views

If a stock doesn't pay dividends, then why is the stock worth anything?

I read somewhere that companies are not required to pay dividends to shareholders (this is correct, yes?). If so, then if company A never pays dividends to its shareholders, then what is the point ...
10
votes
3answers
146k views

How can I send money on Paypal without revealing my real name or address?

I have not used Paypal before; however, I need to use it to send money now. I have heard that Paypal shows your real name and address when you send money. How can I stop that, so that I can send ...
6
votes
3answers
20k views

Disadvantages of online checking accounts?

My parents helped me set up checking and savings accounts through Wells Fargo when I was a teenager and got my first job. Only now, ten years later, I’m realizing that the Wells Fargo accounts aren’t ...
62
votes
7answers
101k views

What is the best way to accept payment when selling a used car?

I plan on selling a used car via Craigslist, and I hope to get between $4-5K for it. I don't want to take a check from a stranger, but I'm concerned that no one will be willing to show up at my house ...
9
votes
6answers
158k views

How can I deposit a check made out to my business into my personal account?

When I invoiced this company, my invoice specifically said to make it payable to me personally, not my business (since I don't have a business account besides PayPal). Unfortunately, they made it out ...
51
votes
8answers
19k views

Aging parents with no investments

My aging parents (75/77years) own a house on 35+ acres (14+ hectares) in rural NE USA (no mortgage). They have: No investments (other than the obvious property) Savings of maybe $30k in a bank ...
4
votes
4answers
137k 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 ...
60
votes
8answers
17k views

A newer friend of my brother's gave him a load of baseball cards that are supposedly extremely valuable. Is this a scam?

My brother is working in a union and has met a bunch of people and started making good money lately. Yesterday, a colleague of his needed a favor because his car broke down, so my brother spent the ...
48
183
votes
23answers
60k views

What options do I have at 26 years old, with 1.2 million USD?

I'm a 26 years old female, got into an accident that almost killed me; I sued, and after attorneys fees and medical bills from hell... I will walk away with around 1.2 million dollars tax free. Here ...
13
votes
8answers
116k views

In a house with shared ownership, if one person moves out and the other assumes mortgage, how do we determine who owns what share in the end?

Let us assume a shared ownership house, where everything is 50/50 in terms of deposit, monthly payments, bills, and eventually estate agent costs, and lawyer costs when the house is sold. If the ...
61
votes
8answers
29k views

A man wants to send me money

A man from Dubai (I’m from Spain) I just met through Instagram wants to send me money and even offered to pay my rent in the future. He says he does it because he has too much money and he want to ...
85
11
votes
6answers
157k views

If something is coming into my account will it be debit or credit in my account?

I have made a small balance sheet on google docs for my monthly expenses and income. If something comes into my account, would that be a credit or a debit in my account? If I got 500 from somewhere, ...
93
votes
10answers
76k views

Scam or Real: A woman from Facebook apparently needs my bank account to send money

A woman on Facebook recently contacted my dad. She asked him to get a bank account so she could send him money, and he would send money to her employees (about 12 people), and she would pay him for ...
172
votes
10answers
38k views

I'm supposedly eligible for an inheritance from a distant relative. Offer appears to be legitimate

About 12 months ago, I received a letter ostensibly from a company carrying out genealogical research for law firms. It said that they were dealing with the estate of someone who had left money to my ...