Greatest Hits

75 votes
7 answers

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 ...
Ryan Michela's user avatar
  • 1,299
2 votes
2 answers

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 ...
harvardfail's user avatar
173 votes
3 answers

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 ...
Amir's user avatar
  • 2,205
16 votes
4 answers

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?
user avatar
12 votes
1 answer

I was asked for a COT code to transfer money to my account. Is this a scam?

Someone gives you their bank information and asks you to log on to their account in order to transfer money to your account. When you attempt this, it asks for a COT code which you do not have. ...
Shirley's user avatar
  • 121
129 votes
2 answers

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 ...
Tim's user avatar
  • 5,883
6 votes
3 answers

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 ...
LifeH2O's user avatar
  • 161
25 votes
4 answers

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 ...
Somatic's user avatar
  • 353
7 votes
2 answers

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 ...
user1833028's user avatar
72 votes
6 answers

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 ...
anonymous's user avatar
  • 687
23 votes
7 answers

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?
InquilineKea's user avatar
  • 1,101
17 votes
5 answers

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 ...
lededje's user avatar
  • 551
5 votes
2 answers

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 ...
user541686's user avatar
  • 3,369
40 votes
6 answers

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 ...
user41221's user avatar
  • 419
20 votes
2 answers

What are "headwinds" and "tailwinds" in financial investments?

I've seen/heard these terms in various writings & broadcasts lately. What do they mean?
danludwig's user avatar
  • 309
248 votes
22 answers

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 ...
extremeaxe5's user avatar
  • 2,527
17 votes
4 answers

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 ...
Chris W. Rea's user avatar
  • 31.7k
89 votes
8 answers

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 ...
donna's user avatar
  • 963
30 votes
2 answers

"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?
Fitri's user avatar
  • 533
47 votes
9 answers

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 ...
7529's user avatar
  • 3,753
13 votes
7 answers

Any difference between buying a few shares of expensive stock or a bunch of cheap stock

I don't have a ton to invest. I have $1,000 to put into a stock and I'm eying 3 of them. One is currently trading at ~$100/share, another at ~$260/share and another at ~$25/share. So I could get ~...
rmp5s's user avatar
  • 131
8 votes
5 answers

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 ...
user avatar
21 votes
7 answers

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) ...
LaTeX's user avatar
  • 313
255 votes
22 answers

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 ...
Cloud's user avatar
  • 3,655
23 votes
3 answers

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 ...
Stainsor's user avatar
  • 3,397
32 votes
6 answers

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 ...
punekr12's user avatar
  • 431
17 votes
1 answer

I co-signed for my son's car and he died. I told the bank to come get it and they told me they won't take it

The loan keeps showing up on my credit report. They offered me a pay off but I can't afford to pay it off. I asked the loan company what to do? And they can't give me a answer...
Don Rodenbough's user avatar
25 votes
8 answers

I am in a sugar daddy scam and he is threatening me because I want out. What do I do?

I have been involved in a sugar daddy relationship for a little while. He would send me money from Moneygram to Walmart from other people he was working with. I would then send most of the money to a ...
Jennifer's user avatar
  • 283
33 votes
3 answers

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

I have the following visa card from 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 ...
Martin Thoma's user avatar
277 votes
12 answers

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 ...
Scott's user avatar
  • 4,421
11 votes
4 answers

Can a Zelle Bank Transfer be reversed or denied after credit has been added?

I have sold digital goods to a unknown person. They have sent me a Zelle transfer to my Bank of America account of 2,000. The money has been credited to my account and has became available. Although ...
TrevorKS's user avatar
  • 368
90 votes
18 answers

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 ...
icedmoca's user avatar
  • 1,019
28 votes
8 answers

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 ...
Ryan's user avatar
  • 1,048
11 votes
2 answers

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 ...
Alex B's user avatar
  • 17.4k
7 votes
5 answers

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 ...
Colonel Panic's user avatar
13 votes
7 answers

How can I have someone deposit a check for me?

I'm currently out of US territory, someone needs to pay me, so he made a check to me, with my name and CHASE account number on it, of course. Can I ask some other friend to go and deposit that check ...
andres's user avatar
  • 133
17 votes
5 answers

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 ...
wkm's user avatar
  • 325
10 votes
6 answers

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 ...
Joseph's user avatar
  • 283
5 votes
1 answer

Given a MCIR routing number, how does one find the "fractional routing number"?

I'm trying to order checks for the first time, and the check provider is asking for me to provide a routing number and checking account number, both provided by my bank. However, they're also asking ...
Billy ONeal's user avatar
14 votes
2 answers

What is the "California SOS file number" and where do I find it?

My LLC's taxes are due soon and I want to pay the $800 annual tax here in California. I'm a little confused about something I'm supposed to write on the check: the "Calfirnia SOS file number". Google ...
Danny's user avatar
  • 243
302 votes
18 answers

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 ...
ConfusedDeer's user avatar
  • 2,750
4 votes
2 answers

Where can I exchange small bills for larger denominations?

I have sizable pile of cash (around $1000) that was donated by a number of people and intended to be a gift to someone else. The problem is that, because it came from lots of people, it is mostly ...
Matt Peterson's user avatar
16 votes
6 answers

Why does it take so long to refund to credit card?

I cannot understand this: if I make an online purchase with a credit card, the purchase is done instantly, and I receive a SMS notification within 5 seconds. However, if money is returned to the ...
kevin's user avatar
  • 899
39 votes
7 answers

Why do banks want you to pay off interest before principal?

When you take out a traditional mortgage the first payment you make to a bank pays off mostly interest and then later payments start paying off principal. What is the reason for this? Is it just a ...
bernie2436's user avatar
70 votes
4 answers

How does a public company issue new shares without diluting the value held by existing shareholders?

When a public company issues new shares, the total number of shares traded in a secondary market goes up. Assuming there is no change in the fundamentals of the company and the profitability, I would ...
Mozan Sykol's user avatar
11 votes
6 answers

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, ...
Hafiz's user avatar
  • 221
6 votes
3 answers

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 ...
Miley's user avatar
  • 69
68 votes
8 answers

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 ...
Matt Solnit's user avatar
5 votes
3 answers

Calculating the total capital of a company?

I was wondering how do we calculate the total capital of a company? Which items should I look for in the financial statements? And how do I calculate notes payable? Is the same as accounts payable?
Josh's user avatar
  • 193
8 votes
3 answers

Transfer money between Wells Fargo and BofA accounts for free

Is there a free way to transfer money from a Wells Fargo account to a Bank of America account? I looked into wire transfers, and it turns out that they have a fee associated with them. The only other ...
Ryan's user avatar
  • 183