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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

0
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1answer
85 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
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2answers
75 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
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1answer
150 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
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2answers
165 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
238 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
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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
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1answer
48 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
743 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
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0answers
42 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
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1answer
200 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
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1answer
489 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
55 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
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0answers
83 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?
0
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1answer
236 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
294 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
157 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
61 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
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3answers
9k 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
143 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
134 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
225 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
354 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
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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
11k 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
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3answers
131 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
262 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
80 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
85 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 ...
7
votes
1answer
22k 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
291 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
172 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
32k 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 ...
7
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5answers
21k views

The proper way a wife should endorse her husband's check?

What is the correct way for a wife, with her husband’s permission, to endorse (sign for deposit) his work check into her bank account?
41
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7answers
49k views

A guy scammed me, but he gave me a bank account number & routing number. Can I use that to take out what he owes me?

This is a really weird situation. A guy contacted me regarding a business I have. He offered far in excess of my stated fees and even told me he could help me financially if I needed it, which I do. ...
-3
votes
1answer
174 views

How Do I Get Citibank To Give Me My Money?

I was banking with Citibank online back in August. I was a good customer. I never went in the negative and I was very nice to all employees. I have my own business and I receive at least 7 to 10 ...
0
votes
1answer
42 views

How to properly document owner investment into business

Say you have a new business and want to invest your personal income into the business to start. Say you initially just invest $25 to satisfy the bank's requirement for a new account, and say you ...
1
vote
1answer
2k views

Can I receive payments (EUROS) from my International clients in my savings bank account in India for my business services

I am starting a small international outbound sales campaign and will be selling my web development services. 100% payment will be received in Euros through wire transfers in a bank account or through ...
1
vote
4answers
205 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 ...
5
votes
3answers
3k views

I still have my German bank account, but I'm not residing within the EU anymore. Can I use it to receive EU income?

I lived in Germany for 2 years (up until earlier this year) and used my Comdirect bank account to receive my salary while I was working there. Fast-forward and I leave my job and return to my home ...
2
votes
1answer
241 views

How can I recover an abandoned US bank account?

I have had problems to find out where, at which American bank, a company I worked for had deposited commission cash and given custody of some shares I purchased through options. But now that I found ...
1
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0answers
57 views

Issue with Debit Card Payment But My Bank Says There's No Problem

I have had some curious but unpleasant experience with my debit card and want to know if someone's familiar with the problem. Basically, I got my VISA debit card from the UAE but lives in the US at ...
2
votes
2answers
120 views

Why are banks sharing connection/synchronisation mechanisms?

I noticed that my banks (at least in France) start to offer the ability to consolidate accounts from other banks (in order to have a unified view of all belongings). This is not done though a public, ...
2
votes
0answers
44 views

Is a bank account or branch manager able to give higher interest rates on CDs to preferred clients? [duplicate]

Can an account manager or branch manager of your bank give you higher interest rates on savings or CDs (Certificates of Deposit) if you are a preferred client? For instance, if a long time client who ...
0
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1answer
39 views

What is considered “operating in Illinois” in regards to having an LLC?

Company: We formed a LLC in Delaware as a 50/50 partnership. We have an agent in Delaware, EIN, Operating Agreement, Articles of Organization. Our company will operate over the internet as a ...
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 ...
2
votes
2answers
149 views

Maintaining US account as EU citizen abroad

I'm an EU citizen. I've had a US bank account for the time I did my PhD, but after the program I've moved back to Europe. I have the option of keeping the account open, by keeping $2000 in the account ...
-1
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1answer
169 views

Is a savings account that earns 0% interest tax-free?

If I can find a savings account that doesn't earn interest and doesn't come with any sort of bonus, will my savings be tax-free?
5
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1answer
185 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 ...
0
votes
1answer
238 views

My account was charged for not maintaining the minimum balance. What should I do next?

I had a salary account in a nationalized bank for my two months of summer internship and then it got converted to a savings account. The minimum balance (monthly average balance) required was 10000 ...