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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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1answer
56 views

Paying bills by bank account

I paid the bill by bank account on nov.11. It has been 4 days but the payment wasn't recorded on checking acc yet. Should i call the bank or wait a few more days?
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1answer
47 views

Choosing a Trust Bank/Investment Account

Not that it matters for this question, but for people following my life story :), this is a follow up to this question: Options for Protecting Inheritance Before Death? So we have created an income-...
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2answers
122 views

Check is made out to my business name and personal name - can i deposit it in personal?

I have received a check made out to My Business Name My Personal Name My Home address Formatted like that. Can I deposit it in my personal checking account? Thanks!
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2answers
90 views

Can an non US citizen/non resident open an US bank account for his LLC with a tourist Visa?

I'm starting an ecommerce business from my origin country and I will sell products in the USA . I need to open an US bank account in my business name. I already have an LLC and I need to know is it ...
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3answers
213 views

When to schedule direct debits to maximise interest

Assuming my debit (current) account pays me interest on the funds that are in the account, my intuition is telling me that it makes sense to schedule direct debits for the day before I'm paid. This ...
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1answer
50 views

What's the double-entry bookkeeping method for tracking a Safe-to-Spend balance and amounts saved towards goals and expenses?

The bank Simple has three great features: Safe-to-Spend Goals Expenses The Safe-to-Spend balance is pretty simple: it's just the balance in your checking account minus the total amount set aside for ...
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3answers
199 views

How do I transfer funds from MY OWN card to MY OWN personal bank account?

Would anyone please be so kind to explain me how (where) could I transfer funds from my own debit and/or credit (particularly debit) card issued by X bank (USA) to my own personal checking bank ...
2
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1answer
92 views

Change in a joint account

My father and my mother are joint owners of a saving account in Punjab national bank Jalandhar Punjab. Now they want to change the nominee of the account. Do both of these joint owners require to ...
4
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2answers
287 views

Banking Travel Rule and Nomadic living

I'm currently a digital nomad and my bank has frozen my account when I tried to change my mailing address to a PO box due to the "Travel Rule". My bank tells me I must show them a utility bill with ...
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1answer
46 views

HUF Account India

We have a HUF (Hindu Undivided Family) account in a Govt Bank. My father is "Karta" of this account and me being his son is also a member. So, can I ask my employer (from part time job) to ...
2
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0answers
255 views

Italian bank will not freeze/close dead mother's account

This is a brief overview of what happened, there are complicated details, this is just the highlights. My mother-in-law died 4 years ago. She was an Italian citizen (born in the UK but lived in Italy ...
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1answer
194 views

How to force a French bank to close your account?

TL;DR: French bank fails to close an account despite having all the necessary paperwork and continues charging fees. Is there anything we can do (such as complaint to some higher authority)? Longer ...
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2answers
247 views

Remote job asking me for holder name bank name email address and phone number associated with bank account

This is the email that was sent to me i'm wondering if this is a scam can funds in your account be accessed with your holder name bank name email address associated with your account and phone number ...
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0answers
72 views

Town and out-of-town cheques: where are both payable?

In the term database of the Government of Canada, the definition is provided for an out-of-town cheque: A check [drawn] on a bank which is located outside the territory of the clearing house with ...
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0answers
76 views

How do I identify product code from a bank account number

I am trying to classify savings account and current account from a bank account number. Need to understand the pattern for Kotak Mahindra Bank
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0answers
93 views

Why wasn't my wire transfer delivered to my client's account in Turkey?

I was told initially that an international wire transfer normally takes 2 to 3 business days to deliver to my client in Turkey, but it has been more than 10 days now since I made the transfer and I ...
0
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1answer
124 views

What happens with a credit card account in Germany after the card is blocked/closed?

I have an everyday account in a bank in Germany and a Visa credit card account in the same bank. At the end of each month the negative credit card balance is automatically balanced by an automated ...
119
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14answers
16k views

As a 16 year old, how can I keep my money safe from my mother?

I am 16 and still in HS and work 20+ hours a week. I live with my mother (my Dad left us when I was a kid and I don't see him anymore). My mother is an alcoholic and has trouble keeping a job. I don't ...
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2answers
291 views

At What Point is it Worth Doing Something With Your Money?

I (a Canadian) have never done anything with finances, don't have an income nor any expenses. I have about 20K sitting in a pile in a TD Canada Trust Account due to the government sending HST checks ...
2
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3answers
493 views

How does “you got some unknown money” scam work?

My understanding of cheque and similar scams is that you receive a promise of payment (a cheque for instance) you give something of value in exchange (an item, or you wire money, ...) Essentially ...
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0answers
200 views

An honest mistake [duplicate]

I had a check that I had found while I was sorting through papers, and I figured it hadn’t been cashed because it was pretty much intact and still attached to the pay stub. So I deposited it, thinking ...
6
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2answers
195 views

How do I open a UK bank account under the following circumstances?

Similar questions here and here, but neither answers my question The facts: I am a UK citizen. I am not a resident of the UK. I have not lived in, worked in or visited the UK for the last 7 years. I ...
2
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1answer
149 views

What is Money multiplier deposit or MMD?

What is money multiplier deposit or MMD? How it works in Indian bank?
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1answer
54 views

What is the Income Tax treatment, if person A transfers more than fifty thousand Indian rupees electronically to Person B's saving account?

I wanted to know the income tax implications if A transfers more than fifty thousand Indian rupees to B's saving account electronically. The B is not a relative to A. Would B be taxed as he/she is a ...
2
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1answer
315 views

Can you ask a bank to delete all your personal info they might still have from any closed accounts?

I have an account with a bank that I closed many years ago. I'm not sure if they still have my personal information on file or not, but is there a way to request that they purge ALL my information? ...
3
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1answer
130 views

I did a wire transfer from my bank here in US to my client in Turkey but unknown to that his account was Euro account

I made a wire transfer to my client in Turkey using the swift code and the IBAN and other information, but the problem is that it was unknown to me that the turkey account he gave to me was Euro ...
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2answers
226 views

Why Do People Continue Using Expensive Payment Services Like Paypal And Western Union [closed]

Paypal - the 'industry standard' for online payments makes this opportunity inaccessible to Africans in most cases. Most, who qualify to be a part of the workforce for some internet companies are not ...
3
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1answer
125 views

Does it harm my credit score if open multiple current accounts?

I'm currently trying out mobile app banks Monzo and Revolut, but I would also like to try N26 and Starling; all these on top of my regular current account. Would opening all these accounts affect my ...
2
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1answer
98 views

How exactly does AER work?

I am planning on opening a savings account and will be putting a fraction of my monthly salary into it, around £1000 each month. To calculate the interest generated, as the total in the account ...
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4answers
204 views

Should I open a new checking account at another bank?

I don't know too much about banks and banking. But to start off, I have a Chase checking account my parents opened for me since 7-8 years ago. Now that I'm working, I'm helping my parents buy a house....
7
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1answer
176 views

Is there a general way to prevent fraudulent bank accounts from being opened in your name in Canada?

In the wake of the Desjardins data leak, several of my friends have become aware of fraudulent bank accounts (not credit accounts or lines of credit, to the best of my understanding) being opened in ...
2
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2answers
76 views

Tax implications of operating an LLC in Wyoming with an Idaho bank account?

I operate an LLC in Wyoming, but my local business banking options have high fees. An Idaho bank offers free business checking and is within a reasonable driving distance for the rare occasions I'd ...
4
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1answer
616 views

How to deal with account scam and fraud?

I gave someone my account information for my bank account because they said they could help me financially. They put $820 in my account and said I could keep some if I sent it to this guy. I never ...
3
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3answers
299 views

Can a bank not honor the full amount of a check drawn on their customers accounts?

A local bank, which my employer uses for payroll, is about to institute a policy where they will charge non-customers of the bank a $5 fee to cash a check drawn on one of their own customer's accounts....
5
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0answers
134 views

Used an incorrect SWIFT code for transfer. Will money return or still go through?

I made an international transfer from my bank in Italy to the U.S. The recipient account number and routing number were correct including the address, but I mistakenly used the SWIFT code of the U.S. ...
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1answer
448 views

How does ACH Deposit work (USA) - account holder name mismatch?

I would have a question related to ACH deposit where payment processor behind the website (i think it is Stripe processor) request, in Banking part of webpage section, only account number and routing ...
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2answers
217 views

Maintain Salary Account even after quitting job

This is very silly question I know , but there is a big debate happening between my colleagues. Say A is having Salary account with Bank AAA who is working in company ABC. Now A resign the jobs and ...
58
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4answers
14k views

Counterfeit checks were created for my account. How does this type of fraud work?

Two days ago, first thing in the morning I updated my quicken accounts and saw that my primary checking account had two unidentified checks totaling several thousand dollars, wiping out the account ...
-1
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1answer
231 views

Routing Number and Account Number

Why is my routing number showing up as a different bank then the one I bank with? When I enter my account and routing numbers, the bank shows up as Bank Y instead of my normal Bank X.
22
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9answers
8k views

Second (easy access) account in case my bank screws up

Sometimes banks screw up. At the moment I have a single login with a single bank (various accounts inside). I'm not that rich, so that's no biggie. I'm under the personal savings insurance limit, and ...
1
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1answer
245 views

How to close a bank account with six figure savings?

The bank is American and I am not happy with their recent policy changes. I do have other bank accounts. Now, some facts about me: I am an individual, not a business entity, not an investor. I've had ...
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0answers
103 views

Can I take my name out of a car loan? [duplicate]

I am in the process of buying a house and the bank requires that my name needs to be taken out of the car loan. My son is the cosigner, and my daughter (whom I bought the car for) is making the ...
7
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2answers
502 views

When did banks stop allowing minors to open their own bank accounts?

While reading Mother abusing my finances (and others like it in the past) I always remember when I opened my own checking and savings accounts as a 13 year old. No adult involvement at all, except ...
4
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3answers
236 views

What's the point of checking and brokerage accounts being separate?

On Schwab, I have both a checking and a brokerage account. When I want to buy stock/ETFs, I have to transfer money from one to the other. I can just do this from a webpage, relatively instantly. What'...
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2answers
1k views

Bank account got shut down for fraud from my sugar daddy? [duplicate]

I recently met some sugar daddy and gave him my bank username and password for him to deposit money into my account. I had about 9.00$ in my account and he tried depositing 800$, then next day I tried ...
1
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1answer
55 views

What are the risks of exposing your institution number/account number/transit number?

In Canada, this information appears to be on all every cheque in your chequebook, what could be done should someone have access to those 3 pieces of information? I'm asking in regards to whether this ...
3
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2answers
842 views

Is it safe ? Is it scam or real? [duplicate]

I started talking to this sugar daddy for a week. But we barely talk much... he said he would help me with ALL my bills. He only wants to see me 1-2 a month. I told him my bills. And he said he’ll put ...
3
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1answer
103 views

Bank account for clubs and/or community groups?

I run a community group which has an yearly fee to participate in. The funds are used to cover its own operating costs... no payments are made to anyone as it's all volunteered based. Currently the ...
2
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2answers
137 views

German Nationality, working for US company but living in Germany

I studied in the USA for 4 years and started working as a Software engineer in the USA. Now I was wondering if I could work full time remote from Germany for the same US company. After some research ...
1
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2answers
204 views

Bank account security

It is pretty common in the United States that employers direct deposit paychecks into bank accounts which require they have your routing and account number. Is there a mechanism that prevents the ...