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A generic tag for questions on Bank Account. For specific questions use the "savings-account", "checking-account" or other specific tags. It is recommended that a specific country tag be used to indicate the geography of the question being asked

4
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1answer
118 views

Are US citizens required to have a US bank account to receive Social Security while living abroad?

My daughter and I are US citizens and we reside in Moscow, RF. My former wife and the mother of my daughter died recently. She was a US citizen and was living in the USA. Due to her mother's loss, my ...
2
votes
1answer
326 views

We don't want to see your bank card, just tell me your name

My credit union recently did what it calls a major upgrade of its systems; as a typical apathetic consumer I haven't looked into what that means. Here is the most conspicuous change (other than the ...
1
vote
0answers
59 views

No provision for beneficiary at HSBC

Background: My wife and I live in California (if that matters) and have a living trust. My wife and I recently opened an online savings account at HSBC. APY is 2.01 which was the motivation. HSBC ...
1
vote
1answer
85 views

Business Bank Account vs Personal Bank Account

What is the best practice when opening up a business bank account for a business that I anticipate to be worth more than $250,000. Does the FDIC insure amounts more than this for business accounts? Or ...
0
votes
3answers
197 views

Opening a bank account to invest in the stock market [closed]

I would like to start swing trading. I am 18 and I was wondering what type of bank account do I need to start doing this? I have never had a bank account. Do I need a regular checking account or ...
0
votes
1answer
310 views

Username/password change, can I be scammed later?

I gave my bank account log in and username along with security answers to someone. If I changed my username and password as well as my security questions, could I still be scammed later on?
1
vote
2answers
131 views

How important is future big purchases (house) when setting up guaranteed investment accounts?

I moved out of my parents's house a couple weeks ago. I moved into an apartment in a big city and I am not sure yet if I will like it here or not. I have no idea when I'll switch to a house and if ...
0
votes
1answer
144 views

I was wondering of this is a scam [duplicate]

A woman told me she is going to put money in my account and wants my login username and password. Is this real or should I say no?
26
votes
6answers
6k views

Umlaut Character in Account Holder Name (German Bank)

I sent a payment through international bank transfer to Germany. But, the account holder name has special characters like ö, ä, ü, and etc. In my case, it's ü. Is there any other words that are ...
-2
votes
2answers
108 views

is it possible make initial deposit for opening a new bank account from a friend's bank account in USA? [closed]

I have my friend's account number and routing number. When I'm opening a new checking account can I use his bank account to make initial deposit into my new account? I know there is verification that ...
0
votes
0answers
82 views

How to get a bank account in the USA as a South African resident? [duplicate]

How to get a bank account in United States Of America if you are a foreigner?, I am a South African resident willing to get a bank account in Usa.
1
vote
1answer
65 views

Reactivate a dormant account with Bank of America as a nonresident

I am a French Citizen, I opened an account with Bank of America in 2009 that I used every year during my vacations, but I have not been to the US for 5 years so the account seems to be dormant. I ...
0
votes
0answers
59 views

Open an estate account without going into a branch

I'd like to know if this is possible. Presently, the administrator is located in another country from the deceased. She has all of the necessary documentation, but will be unable to go to a US branch ...
0
votes
3answers
201 views

what am I missing - why do I need to have accounts with “conventional” retail banks (in US) in 2018?

Chase, Citi, BoA and Wells Fargo are in my book the "conventional" retail banks. In 2018, they offer close-to-zero interests in most of their accounts and only offer managed investment accounts. In ...
2
votes
0answers
56 views

What is the equivalent of a nominee system in US banks?

If I want to ensure that my bank account funds are transferred to my parents, who live in India, (I would assume through some legal proceedings) in my absence, is there any method to nominate them ...
0
votes
1answer
49 views

linking external bank accounts to other banks

A well known bank in my area mentions you can link external bank accounts and superannuation funds to your one bank account so you can conveniently see all your funds and net worth in one place, but ...
41
votes
11answers
11k views

Why is a transfer from an account to another not done instantly when it's not the same bank?

I own accounts at two different Romanian banks. When I transfer money to another account at the same bank, the money is transferred immediately. However, when I transfer money to an account at a ...
1
vote
3answers
461 views

Spent money from unexpected deposit. Do I have to pay this back?

A check was deposited into my account of 2,500$ I didn’t think anything of it and I used the funds now they’re forcing me to pay it back. My name was forged. I was told, the bank it came from had 5 ...
1
vote
1answer
208 views

Who loses money stolen and laundered via an app platform (Steam)?

Imagine a scenario like: 1. Hacker steals credit card info. 2. He uses stolen card to buy virtual assets on Steam. 3. He sells these virtual assets to other unsuspecting players in exchange for ...
3
votes
2answers
169 views

In the UK is it illegal for banks to open current accounts for non-residents/tourists?

To phrase it another way, if a Singaporean tourist walks into a MetroBank or HSBC branch in London, would the bank be allowed by the FCA to open a current account (at the branch managers discretion ...
1
vote
1answer
110 views

Can an IBAN be reallocated to someone?

I wanted to wire some money to my parents today and was not sure about the IBAN number (it may have changed in the meantime via a reorganization of their accounts or a bank change). This made me ...
0
votes
2answers
63 views

Resident vs Non-resident alien in the United States

I have been in the United States since August 2015 in an F1 visa. I was away from January 2018 to May 2018 in Denmark for study abroad. I do have a SSN as well. I wanted to open a savings account in ...
0
votes
1answer
97 views

Negative balance effect credit score

I have an saving account in Oriental Bank. I am not using this account for last 1.5 year. Currently the balance is negative. I am staying in Bihar since last two year. It is not possible to go ...
27
votes
10answers
10k views

18 years old and unsure how many bank accounts to create and what types

this is my first question so I apologize if I don't provide enough information or my description seems vague. I'm 18 and live in the Midwest of the US. My parents helped me set up a bank account last ...
3
votes
1answer
1k views

Can a withdrawal on another party's bank account succeed if that account is insufficiently funded or is closed?

Suppose Party A attempts to withdraw some money from Bank Account X belonging to Party B. Bank Account X is either closed or has insufficient funds, but Party B also owns the well-funded Bank Account ...
0
votes
2answers
109 views

How do I avoid excessive fees when I get paid in CHF and need EUR?

I live in Germany and will soon receive monthly payments in CHF. How can I best transfer this money to my local bank account (EUR)? My local bank charges 20 € per conversion and uses an unfavorable ...
0
votes
1answer
230 views

Preventing inactive Chase bank accounts

I had recently opened a Chase savings account and a checking account. I planned on using my checking account as a direct deposit. Would automating transfers from checking to savings prevent my savings ...
1
vote
0answers
169 views

What is the most private way to bank? [closed]

I am looking to keep a couple grand as an emergency fund in an account that is as hard to find as possible. Nothing special, just a cash deposit that can sit there until I need it, which is hopefully ...
2
votes
1answer
65 views

Open accounts for a purpose without full ownership

There are several types of accounts that I would like to pay into and never payout from until a certain need arises, however I am not sure I have the discipline to not tap into them in-case of ...
1
vote
0answers
42 views

Managing a grant [closed]

My team of non-paid volunteers have received a grant to my name to fund a charitable project. In order to receive the payment, we have been asked to produce a bank account. So I need to create one ...
0
votes
0answers
33 views

Foreign bank account Information shared under CRS

For the CRS(Common Reporting Standard), according to the wikipedia page, the following information is exchanged automatically between nations: a) Name, address, Taxpayer Identification Number and ...
-4
votes
5answers
182 views

What are the currency rules when lending money to a friend?

Let's assume Alice lends 5000 EUR to Bob for three months (because that's what Bob asked for). But Alice's bank account is in USD. So, on 1st of January 2018, Alice looks at the exchange rate of EUR/...
1
vote
1answer
163 views

Is money in a European bank current account guaranteed by the state? Which state/fund guarantees?

I have a sum of money in a European bank, and I prefer to have it in a current account for two reasons. One, I don't know how much over the coming year I will need to spend without notice and two, the ...
1
vote
1answer
108 views

What personal data can a US bank legitimately request when I want to open a checking account?

I am trying to open a bank checking account online in the US. I have provided my US driver's license number and Social Security number. I have provided evidence that I have access to another bank ...
0
votes
0answers
91 views

Can I cash a cheque at Bank of Austria without having an account there?

I will receive a cheque (from an Austrian company) during my stay in Austria (in the near future). Can I cash it (in Euro) at Bank of Austria without having an open account there?
0
votes
1answer
116 views

Lost check made out to a school organization

Today I lost a sizeable check made out to a school club. What should I do? Can anyone who finds this check use my acct number to withdraw funds? Currently, the check has not gone through or been ...
1
vote
1answer
72 views

Bank's Reporting Responsibilities on Closing Accounts

Is a bank required under law to report the bank's closing of your account to ChexSystems or any credit reporting agency
1
vote
2answers
297 views

Moving relatively large amount of money from one account to another

During a summer I worked in Norway and made a decent amount of money (~ $10k). Due to tax reasons, I had to open a bank account there I am now living (and will soon be working) in the UK and I have ...
0
votes
0answers
20 views

See reported data under OECD AEOI?

In the US, we can access data about us (such as credit report data used by lenders) under FOIA or Freedom of Information Act. Since the US has FATCA for international account disclosure, other ...
1
vote
0answers
241 views

Opening a Swiss bank account for a non-resident [closed]

I'd like to open a personal account mainly to invest in stocks and bonds, in a Swiss bank. I'm a European resident, but the banks are crappy in my country (not Western Europe). So I'm looking for a ...
3
votes
1answer
497 views

How to wire transfer from Europe to a CIBC account please?

I am trying to receive money from a European company to my Canadian CIBC account. I received the SWIFT CODE - CIBCCATT from my bank. The company also asked for a BSB NUMBER. The person I spoke to at ...
2
votes
2answers
1k views

Please help: Is it safe to give this personal and banking information to someone? [closed]

Is it safe to give this information to someone? Name of Account Holder: Name of Bank: Bank Account Number: Address of the Bank Branch: Bank Swift Code: Phone Number of ...
0
votes
2answers
1k views

Is there a limit of how much one can get wired to a US bank account from another bank account in a foreign country?

I know about the 10k limit if you deposit cash where you are required to fill out a form. But what about a bank to bank wire transfer? Is there a limit to how much you can receive before you have to ...
1
vote
1answer
185 views

How to know which bank will keep my data safer? (Europe, single country)

I was looking at four banks in one country, which are based in France, Belgium and 2 in Austria, and I was looking for something that would make me choose one over the other... So I thought what's ...
6
votes
1answer
249 views

Why does CDIC insure deposits only until $100,000?

$100K CAD appears a low maximum, esp. for retirees. FDIC does so until $250K USD.
1
vote
2answers
250 views

Bank account when owner dead

What does a bank typically do when the account owner dies, and nobody came to claim the money? Do they leave the money in that account ad vitam aeternam, or does it get collected and used at one ...
1
vote
1answer
49 views

Can I open an account in Europe or Turkey ,being just as a tourist?

is it possible for a foreigner, the person not residing there but can travel as a tourist, to open an account in Europe or In middle east countries like Turkey or Dubai?
2
votes
2answers
243 views

Checkbook was turned into police dept. Is there a way to figure out what checks (if any) are missing?

I know that bounced checks can bite me in the ass later, but I have no idea whether any of the checks were actually taken out of my checkbook. I thought about looking at my bank account, but I visit ...
2
votes
3answers
291 views

Can you withdraw money from my Swiss Bank account with just the account number and password?

Wondering if it works the way it does in the movies, where people only need an account number and a password to access their Swiss bank account.
0
votes
1answer
63 views

Transferring money [closed]

A friend working in South Africa had his American bank account closed due to a hacking incident. He now wants to get his payout check transferred into my Australian account as he is coming to ...