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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

53
votes
3answers
11k 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
votes
1answer
157 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.
47
votes
8answers
11k views

How to organize bank accounts with wife

My wife and I are recently married, both of us are working hard. At the moment we currently have the same system as prior to our marriage. Which simply put is that both of have our own bank accounts ...
-2
votes
3answers
499 views

Physical Checks - Mailing

I am about to mail a check directly to a financial institution in the USA where the receiver holds an account, so that the money from the check can be deposited into the receiver's account. However, ...
21
votes
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
vote
1answer
145 views

How to allow some other person to access my bank (or PayPal) account in some emergency?

I was thinking in a situation for example like an accident, resulting in a coma or something like that. Is it possible to allow someone else to manage our bank or PayPal accounts in that case?
1
vote
1answer
215 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 ...
4
votes
2answers
404 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 ...
0
votes
0answers
101 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 ...
8
votes
2answers
1k views

Are there any drawbacks to using Fidelity for your primary banking account?

I've recently become fed-up with Bank of America (When they charged me a $10 overdraft fee the one time in 2 years I used the wrong card at the wrong time and all they did for that $10 was transfer ...
3
votes
1answer
3k views

How to add TransferWise Borderless Account as a Bank Account in Paypal

I want to withdraw my money in Paypal to TransferWise Borderless Account since the conversion rate offered by TransferWise is better than Paypal's. I want to add it as a Bank Account in Paypal but I ...
4
votes
3answers
222 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'...
1
vote
2answers
610 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 ...
2
votes
2answers
3k views

Hong Kong - What's the difference between Current Account and Savings Account here

I know there is already a question called “Savings” account vs. “current” account - what's the difference?" on the site but bear with me, I believe that doesn't answer my doubts. I know very well ...
1
vote
1answer
50 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 ...
32
votes
4answers
6k views

What are the advantages of a Swiss bank account?

I've heard about bank accounts in Zurich / Switzerland, but I don't fully understand the unique advantages of swiss bank accounts. What I do believe about these (but don't know for sure): They accept ...
3
votes
2answers
746 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
votes
1answer
82 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 ...
0
votes
1answer
86 views

L1 Visa US to India (and vice versa) transaction tax implications for Wire transfer and Cryptocurrencies?

My brother is moving to the United States with an L1 visa. What would be the tax implications for me and for my brother in the following scenario 1- I send $3000 as outward remittance to his account ...
2
votes
2answers
108 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 ...
0
votes
1answer
151 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 ...
1
vote
2answers
182 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 ...
3
votes
3answers
248 views

Retailer charged different amount on my card

A little bit of context: I did some online shopping. I added some items in the basket for total amount of 770 and payed online with my card. the 770 value transaction was status "pending" on my bank ...
2
votes
1answer
1k views

ACH data for Deutsche Bank, Germany?

For an international ACH transfer as part of the e-gold claims process, I need to specify in an online form: Financial Institution Name Financial Institution Address Financial Institution City ...
0
votes
1answer
52 views

What does “on non-bad debt and open balance accounts” mean here?

This sentence is from a policy of an organization I found on a leaflet. Can anybody please explain or paraphrase it for me? "on...debt" and "open balance accounts" are confusing me. "If the patient ...
8
votes
1answer
752 views

How to save and partition money for a University student

I'm about to start my first "professional" internship/job, but I will be getting paid. I will be making around $1100 every 2 weeks and saving around $8800 during the whole summer. This is more money ...
1
vote
0answers
45 views

Israeli bank account statement terminology

I have an account with Bank Leumi in Israel. Said bank provides me with account statements that look like this: Date Description ReferenceNumber Debit 01/03/19 DIRECT TRANS 1FEE 1 1.65 01/03/19 MIN ...
1
vote
1answer
209 views

Car payment getting paid but not taken out of bank account

I notice that my car payment hasn’t been taken out and, and saw that someone or something took out $33 from my savings. This meant I didn’t have the funds to pay my car payment anymore. Then saw ...
0
votes
1answer
819 views

Am I being Scammed [duplicate]

I met this one sugar daddy today and he is trying to access my Bank account with asking my passwords and everything. Then I checked where I met him from (Instagram) and I’m already blocked before Even ...
2
votes
1answer
59 views

What is a nominee in the jargon of opening a bank account?

I am opening a bank account for my company and in the registration form they ask about the director of the company, who is me. After setting my details, they ask if I am a nominee. What is that ...
0
votes
1answer
258 views

Free Money Payroll from Ghost Accounts [duplicate]

My friend said he knows this guy who will deposit money into my Chase bank account. The only requirements being that I have had the account for over 4 months and my balance is not negative. His name ...
1
vote
3answers
297 views

Opening account for family in my name

Sibling of mine asked me to open an bank account for her in my name. She wants to fill it with her savings and use it on day-to-day basis with a debit card. I have a strong feeling this could ...
3
votes
4answers
179 views

Give other entities access to only deposit funds in my account

I've had an account with OldBank, and recently opened an account with NewBank. In order to transfer money from OldBank to NewBank (both US banks), I could either give OldBank my NewBank login details (...
1
vote
1answer
63 views

Do I need to live in Canada to have a bank account in Canada?

I live in the US. I am considering opening a bank account in Canada. Do I need to live in Canada to have a bank account in Canada? If so, am I required to file tax in Canada?
7
votes
3answers
10k views

Why do banks require small businesses to open a business bank account instead of a cheaper personal one?

I understand the need to separate personal finances and the business finances, be it sole-proprietorship or incorporation. I also understand that in the former it's optional, but in the latter it is ...
1
vote
1answer
145 views

Switching Bank Accounts Gain The Most Interest

I intend switching banks. Santander offers 1.5% interest on balances up to £20,000 but charges a £5 monthly fee. HSBC pays £150 for switching and also has a 1 year Regular Saver account paying 5% ...
2
votes
1answer
139 views

Bank is not depositing my new account promotion bonus [closed]

I opened a bank account in response to a promotion in a big bank. Originally it was saying if I keep my money (50K) for 60 days, I get $600. The agent at the branch didn't say anything more. Then they ...
0
votes
1answer
231 views

Is it a normal practice to ask to return credit card when closing a bank account?

I have closed my bank account and the bank seems to have deliberatelly punished me for not returning the credit card to them. I would like to argue my case with them, but first I would like to know if ...
4
votes
2answers
367 views

Saving rate higher than the Fed rate: Too good to be true?

Recently I saw this Intrx company advertise a savings account with 2.91% APY on Facebook, and claim it would be FDIC insured up to 100M. They explain their business in the following: We are an ...
5
votes
2answers
11k views

Are all VISA cards connected with bank accounts?

I know that this is a question about fundamentals, but I couldn't find any explanation out there. I'm a bit lost in the world of credit cards. I got used to cards that are issued by a bank for getting ...
8
votes
1answer
12k views

Can I get my savings from my mom's bank now that I'm 18?

I turned 18 two weeks ago. My whole life I've had a savings account with my mom at Wells Fargo/Wachovia. However, I have a personal checking/savings account with my dad over at Bank of America which I ...
0
votes
2answers
136 views

Why does a gas station give a $.15 discount to link a bank account to member card?

I have a gas station nearby that offers a $.15 per gallon discount if you get a member card. A requirement of this card is a linked bank account. What do they gain from having a bank account linked to ...
3
votes
3answers
270 views

Splitting rental expenses between friends

I am moving in to a rented apartment in London with 2 other friends. Our contract is for 1 year, and we all intend to stay in the property for at least that long. We are trying to work out a good way ...
1
vote
1answer
83 views

Landsbankinn and OTP bank issue [duplicate]

A friend of mine sent me a sum of some 300 EUR (from Iceland to Croatia) but mistakenly used the IBAN of my bank and not my bank account. He included my full name and bank's SWIFT code. What is the ...
2
votes
1answer
88 views

Can I Report The Recipient of an ACH Transfer?

I made an ACH transfer through a business account. I willingly transferred the money. Later on, I discovered that they were a scam. I had to hold liability for the money I transferred. But, the ...
6
votes
1answer
24k views

Can I locate the name of an account holder by the account number and sort code? (U.K.)

I received an invoice from a landlord about a cleaning bill. I heavily dispute this (is seriously out of whack: charging 7 hours work for a 15 minute job). She's being all weird and cagey about things ...
0
votes
1answer
426 views

Storing Money Without a Bank [closed]

One way to store money without a bank account, could simply be keeping it in banknotes, however that's not very safe. So is there another way to store digital money that is not a bank account? ...
8
votes
6answers
5k views

Bank account in Germany for non-residents?

I'm an EU citizen currently working in Germany. I have a bank account there, but when my contract ends, I'll probably migrate to other country, but it's likely I'd return there after some time. I ...
3
votes
2answers
247 views

Filing a tax return due to US bank interest for non-US persons

Does the mere ownership of a US bank account that earns some interest require a non US person (say, based in Europe, EU in particular) to file a US tax return? Are there any other reporting ...
7
votes
2answers
33k views

Can Japanese banks receive payments via IBAN?

Can Japanese banks receive payments from outside Japan via IBAN? For instance, Japan Post Bank does not accept IBAN, so sending money to a Japan Post Bank account is very complicated. Is there no ...