Questions tagged [bank-account]

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

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79 views

Can I have someone else cash the stimulus check in my account?

I have received my stimulus , but I'm living abroad. So it's been very hard to cash the check. A friend of mine is visiting, would it be possible for that person to take the check and deposit at a ...
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1answer
59 views

What US Agencies can help with unfair treatment by US Ba

Bank is in the United States. My Aunt (in mid-70s) found a check for a huge sum that was issued one part of her Bank (part A of Bank) about 10 years ago. She put it in a box while going through lot of ...
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2answers
188 views

chase has locked my account can i do?

I have a tenant that been waiting for months to get her unemployment she finally got it and she didn't have her own account and was getting ready to go out of state to take care of her mom who is ...
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2answers
352 views

Bank account limits: How do I pay for a house?

I am planning to buy a house next year, which is likely to cost $500k+. To fund the purchase, I’ve been selling stocks that I’ve acquired or been given by my employer over the course of many years. ...
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6answers
5k views

While transitioning to a new (online) bank is it OK to have my money split between two banks?

I used to keep all my money with one bank. I recently opened an account with another bank and have slowly been transitioning towards them. I have multiple jobs and sources of income. Now when someone ...
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1answer
218 views

Can bank accounts be locked down to prevent remote withdrawals? [closed]

IS it possible to secure a personal bank account so that deposits can be made remotely by somebody with the account number and sort code, but that withdrawals can only be made by somebody with direct ...
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2answers
207 views

Can somebody explain this thing about "US tax collectors" getting reports from banks about all accounts over $600?

I was reading on Slashdot about US tax collectors getting reports on accounts over $600. This quotes an Arizona Republic newspaper article discussing the proposal and a US treasury web page ...
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4answers
523 views

How someone can hack our bank account

Can someone hack and withdraw money from my bank account if they have my full name, bank name, last four digit bank account number and my phone number. Yes or No, Please explain why?
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2answers
179 views

In layman's terms, what happens to the average Joe, in a "bank bail-in"?

I've come across some scare stories that a "bail-in", being the opposite of a bail-out, is where a bank uses deposits to restructure their capital, and that the average Joe with savings ...
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0answers
85 views

Can I get my outstanding IRS balance paid to my bank account?

I am owed money from the IRS and live in Sweden. They sent me a check but I live in Sweden and it is very expensive to cash a foreign check here (or any check for that matter). On my tax return I ...
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0answers
74 views

How can I open a US bank account without a US address, as a non-resident US citizen?

I am a non-resident US citizen who has received some money as a check. I do not have a US postal address and have never lived there, nor do I intend to visit the US in the near future. Is it possible ...
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2answers
199 views

What really is a recurring deposit?

What I do not understand is what is really meant by the term "recurring"? Also why is the minimum time limit between recurring and fixed deposit so different (min :6 months and min :7days) ...
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1answer
232 views

What is the difference between a checking account and savings account?

I understand the exact difference will vary from bank to bank. But in general, I understand that savings accounts have a higher interest than checking. So if it's that simple why not always use the ...
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1answer
85 views

Error opening Sofi Money Account

When trying to open a SoFi money account (or SoFi investment account), I'm told that there was an error and they couldn't verify my identity... i have checked this information 10 times and know its ...
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2answers
132 views

Disadvantages of putting all cash in a chequing account

When I opened an account at a bank, I was given two bank accounts: a savings account, and a chequing account. I was also given a debit card that is linked to the chequing account. The chequing account ...
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1answer
130 views

Switching current accounts

I'm thinking about using Monzo as my current account, mostly because it gives a nice itemized breakdown of different types of payments going in and out of the account. I've seen that there's a current ...
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1answer
52 views

Set a direct debit with an UK bank as a EU citizen moving to UK

My girlfriend (EU resident - Italian) is moving to London for 5 months beginning next Jul for a research placement. The college where she's staying asked her to pay the rent via Direct Debit at an U.K....
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2answers
162 views

How much money is needed to get an investment bank account? [closed]

I heard somewhere that to open a bank account in the Lazard-Rothschild bank, you need to have 2 million euros. Is that true? More generally, I would like to know what is the minimal amount of money ...
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4answers
479 views

What is the easiest way to avoid using banks while still being able to store money safely?

I have had a bank account since I can remember, which I mainly used for saving money & having a physical card to spend money with. For a long time, this his seemed a logical thing to do as I would ...
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1answer
55 views

Open bank account in the US or Canada

I don't know this is the right place to place this type of question or not. I am an indian citizen and I have an Indian passport. But i want to open a bank account in the US or Canada. Is there any ...
49
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5answers
11k views

Why do banks seem to be indifferent about identity theft?

Several years ago, I was in a terrible relationship in which my girlfriend fraudulently opened a credit card in my name. I forget the specifics, but she ended up transferring the full cash advance on ...
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11answers
7k views

What is the purpose of budgeting if all I need to do is look at my bank/credit card statement?

I have read over Reddit's wiki on budgeting. I rarely pay with cash so I already have a record of transactions I made with payment cards. My pay stubs are e-mailed to me. So what's the point of ...
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1answer
53 views

What does same scheme account mean in banking purpose?

I'm planning to open an online savings account in a bank where i already have normal savings account. In the form though it asks me to declare that i don't have same scheme account in their bank. I'm ...
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1answer
498 views

On creating a new bank account for "sugar payments" [duplicate]

Recently, I became a sugar baby and found a daddy who wants me to create a new bank account for him to send money to. He doesn’t want to use a cash app because he has been scammed in the past. Is ...
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1answer
178 views

How can I find the VAT Nr of an organisation by looking at a money transfer?

I have an app in multiple appstores (ios, android, windows). I have received money from transactions in these stores, and the VAT is taken care of by the stores. Now I have to do my tax administration ...
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1answer
135 views

What does Turbotax mean by "This account did not have income, deductions, or credits associated with it in [year]"?

I use Turbotax to prepare my taxes in the United States. When declaring foreign financial account, Turbotax asks: What does Turbotax mean by "This account did not have income, deductions, or ...
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0answers
45 views

Why is a separate fiscal year needed different from that of a calendar year? [duplicate]

What is even a separate fiscal year different from that of a calendar year? A detailed answer to this is most welcome. I am asking this particularly in Indian context.
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3answers
4k views

Why a bank would propose a depositor to invest part of their money to mutual funds, instead of bank doing it itself?

Currently, some banks in Greece propose their depositors (via financial consultants) to invest their money in foreign mutual funds. Their main argument is that deposit interest rates are close to zero ...
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5answers
255 views

Why do some banks charge a fee for a low account balance?

I'm learning in economics that if your balance gets too low, you have to pay a fee. Why is this? Is it to help support the bank, or as a punishment? Or is it both?
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4answers
2k views

Can the bank legally deduct an amount from the coins I gave them? [closed]

If I take coins to the coin counter in a bank and don't have an account with them, can they give me half the amount worth and then refuse to give me back my change to go somewhere else?
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1answer
44 views

Link Australian and Canadian bank accounts

I used to live in Australia and still have my bank account active there Now I am in Canada and have Canadian bank account I want to add my Canadian bank to my paypal. Paypal allows to add US bank with ...
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1answer
68 views

Bank account in Germany for non-EU-residents?

I am a Brazilian student with a German PhD contract scheduled to start on April 1st, but due to the COVID pandemic which is significantly bad in Brazil, the local German consulate cancelled all visa ...
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2answers
217 views

How many accounts can a scammer take money from? [duplicate]

Someone wants to give me a check over the internet to deposit into my account. If I have a checking and savings account, can they access both? or can they just get to one account?
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0answers
118 views

Can I use an ATM to convert a cheque to money into my Revolut account?

I think the question in the title is clear enough. From here I understand it's not possible: Unfortunately we don't accept cash deposits or cheques to your Revolut account but I also read at the ...
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0answers
23 views

How to open up Fidelity Active Trader Pro Account for a contingent

Signing into Fidelity Active Trader pro requires a Fidelity account. But it seems that contingents -- a type of beneficiary -- of a Fidelity account are not allowed to make a separate account. As a ...
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2answers
85 views

Help Calculating Monthly Earnings with two co-existing APYs in same "Savings" Account from T-mobile Money

Background I have a T-Mobile Money (via BankMobile, a division of Customers Bank) interest checking account. I'm trying to track earnings per month but I'm a bit confused by their fine print and their ...
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1answer
970 views

Legality of Bank Inactivity Fees

I hadn't been paying attention to my checking account (in which I kept a minimum balance of $1500 just to avoid a monthly "maintenance fee") for about a year. But, yesterday I logged in and ...
6
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1answer
331 views

How do I stop a homeless person’s benefits from coming into my account?

This whole situation occurred in England where I attend university. Back in early December, a homeless person (X for short) I’d previously talked a couple of times to approached me. X told me they ...
30
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5answers
10k views

Paid off $5,000 credit card 7 weeks ago but the money never came out of my checking account

I paid off my credit card that had a balance of over $5,000. I sent a one time payment for the total amount, about $5,100 to be exact and my credit card company received the payment and reflected it ...
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2answers
14k views

Am I in a sugar momma scam? What’s should I do in my situation? [duplicate]

I was approached through direct message by a female account on Instagram (which seemed to be catfished) saying that she is a “sugar mummy” willing to pay $300 weekly for a sugar baby. “She” basically ...
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0answers
30 views

Is COT (cost of transfer) exsists in bank from a certain country to another? (Eg. Uk to philippines or othe country to philippines) [duplicate]

Heres the scenario: I have invested through bitcoin to a certain company but the thing is endless payments were being asked and i have complied with them. A few days i received from a certain bank ...
2
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1answer
127 views

Should i worry if i lied in my new bank that i have no association with another bank when i actually do?

I recently opened a new account. I already had an old account at a different bank, but I declined when they asked me if I had association with another bank. Does this matter?
2
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1answer
77 views

I'm traveling and need the info on my future business card

I'm about to open a business account, but all providers seem to provide physical credit cards for their business account. At the moment I won't be able to physically present myself at the place of ...
0
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1answer
101 views

When’s a right time for a 20 something college graduate to make their bank account independent of their parents?

When’s a good time for someone working on their masters subsidized by their parents, and income from a job that doesn’t make too much money to break the joint bank account with their parents and have ...
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2answers
238 views

single member LLC banking, do you have to open a "business account" or can you open a dedicated "personal account"

I have a single member LLC and was wondering about regulations around what banks advertise as "business account" vs "personal account". Do you have to open a business bank account ...
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1answer
1k views

Chase closed my account and is asking me to confirm the validity of my deposits. How can they do this?

Chase closed my checking account without any explanation at the end of August. When I contacted my branch in person, they were told over the phone from the main offices that I would receive a check of ...
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1answer
147 views

What to do now that "my" bank has finally removed the last bit of access to its alleged customers? [duplicate]

For a long time now, "my" bank (Nordea, in Sweden) has announced that it's removing what they used to call "simplified login". This "simplified login" actually meant &...
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1answer
422 views

My sugar daddy is threatening to get me in trouble because he has my ssn and all my personal information is this even possible if so what do I do [duplicate]

We exchanged phone numbers and all personal information and If I don’t give him what he wants he said he could get me in major trouble what do I do I can’t keep doing this? How do I know if this is ...
2
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0answers
151 views

Why does my bank wants me to send them a W-8BEN if I live in the US?

I have a bank account in Bank of America and they are adamant that I should send file a W-8BEN, even if I live in the US and I am taxable in the US. I already told them about that but they keep ...
2
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2answers
518 views

How is it secure to allow withdrawals from my bank by just giving an account number to a financial institution?

To pay my credit card, I just need to enter my bank routing and account number. (US institutions.) That's it. How is that secure? Anyone could enter my bank number and so withdraw my money.

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