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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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97 votes
10 answers
94k views

Scam or Real: A woman from Facebook apparently needs my bank account to send money

A woman on Facebook recently contacted my dad. She asked him to get a bank account so she could send him money, and he would send money to her employees (about 12 people), and she would pay him for ...
Ivana's user avatar
  • 1,053
129 votes
2 answers
833k views

Is it safe to give out one's bank account number?

I'm managing the utility of the house and I'm sharing with another person. He asks me to provide my bank account number, so that he can transfer his money to my account when paying the utility. I ...
Tim's user avatar
  • 5,883
48 votes
8 answers
14k 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 ...
Carol.Kar's user avatar
  • 593
33 votes
7 answers
124k views

Can I open a US bank account even if I don't live in the country?

I'm Swedish, but living in Switzerland at the moment. Can I open a US bank account? Either when in the US on vacation or through the internet/phone? There are lots of situations when I find myself in ...
Erik Tjernlund's user avatar
42 votes
7 answers
86k 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. ...
red river's user avatar
  • 477
62 votes
4 answers
33k 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 ...
EdStevens's user avatar
  • 633
19 votes
2 answers
27k views

How to access a really old, untouched bank savings account?

I was just going through old things and found a Wachovia account opened for me by my aunt - specifically, I found the checkbook and transaction record. The transaction book is dated April xx, 1998 and ...
Ricket's user avatar
  • 381
16 votes
9 answers
29k views

Is there such a thing as a deposit-only bank account?

My employer wants me to give my routing-numbers, social-security numbers, and basically everything else required to take money out of my account, to several third-party direct-deposit websites (one ...
BlueRaja - Danny Pflughoeft's user avatar
30 votes
8 answers
13k views

A friend wants to use my account for a wire transfer. Is this a scam or is it legitimate?

I have a friend since July online and Exxon owe him for a balance on a 2014 contract off the shores of Liverpool. He is presently in the Gulf of Mexico completing a contract that last for one year. ...
Theresa Smith's user avatar
14 votes
1 answer
6k views

Can a foreign bank manager name me as the kin of a deceased customer if I don't know the person?

A few days ago, someone emailed me and said he is the branch manager of an overseas bank. He asked me to join him in an agreement. He has a deceased customer who is a citizen of my country and who has ...
nunu's user avatar
  • 299
5 votes
2 answers
4k views

American living abroad and not working for an American company - tax reporting and bank accounts

I hope this question is appropriate for SE Money but based on this one I think it is U.S. citizen, working for U.S. company, living in Mexico: Where do I pay taxes? If you are an American citizen not ...
user avatar
5 votes
2 answers
849 views

In the US, will closing a bank account negatively affect your credit score?

In the US, will closing a bank account negatively affect your credit score? I've had it with my bank and I'm thinking of moving my money to a smaller Credit Union. Would this affect my credit score? ...
Matt's user avatar
  • 1,027
2 votes
2 answers
12k views

Opening US Bank account for US citizen while abroad [closed]

I am an American citizen with a social security number, but I'm currently living abroad and am not planning on visiting any time soon, and I don't have any state-issued ID. Is there a bank that will ...
clum's user avatar
  • 171
22 votes
9 answers
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 ...
Dannie's user avatar
  • 347
16 votes
7 answers
5k views

Savings vs. checking account -- when to prefer savings if interest is the same?

Let's say I'm opening a new checking or savings account, assuming: I already have another checking account All accounts offer the same interest rates Why would I ever choose to open a savings ...
user541686's user avatar
  • 3,369
15 votes
6 answers
12k views

Should I have separate savings accounts for various savings goals?

I have read through some personal budgeting articles and saving tips. Most articles and books mention saving money for emergency funds, large purchases, etc. Should emergency funds and saving funds (...
kitokid's user avatar
  • 961
13 votes
3 answers
2k views

What are the cons to using a brokerage account for day to day banking?

I've noticed (for awhile now) that my online discount brokerage account carries many features of a traditional bank account: Online bill pay Direct Deposit Checks ATM Card FDIC or SIPC coverage Cash ...
pilotcam's user avatar
  • 272
11 votes
3 answers
698 views

At what age should I begin discussing money - saving, spending, investing - with my child / children?

In addition, when should I open a savings account at our bank for my kids; and give them accountability over it?
Nat_Rea's user avatar
  • 8,683
10 votes
7 answers
7k 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 ...
user avatar
9 votes
3 answers
3k views

Checking/Savings accounts that have sub-accounts

I like to use the envelope system for budgeting, but I can't escape the convenience of debit cards, so a few months ago I set up 5 debit cards, one for my primary account, food, gasoline, household ...
kenwarner's user avatar
  • 191
7 votes
3 answers
4k views

Why would a bank refuse to open a bank account?

About 4 years ago, I try to open a bank account for my wife and they refused to open an account after they ran her passport. I asked the manager lady why, but she wouldn't tell me why or she refused ...
ThN's user avatar
  • 215
6 votes
5 answers
10k views

Joint bank account - is this normal?

I've recently opened a joint bank account with my fiancee. And yet, everything seems to be in his name, with me tacked on as an afterthought. Is this the normal way of doing things? If I were to move ...
Yamikuronue's user avatar
  • 1,319
4 votes
1 answer
3k views

What is the easiest way to open a foreign Bank Account?

I live in Argentina. Nowadays in my country it is almost impossible to buy foreign currencies as American dollars or Euros. I was thinking if it is possible to open a foreign Bank Account to be able ...
user1532587's user avatar
1 vote
2 answers
2k 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 ...
Shelly's user avatar
  • 11
-1 votes
1 answer
786 views

2016, USA banks with low/no fee for incoming OVERSEAS USD wire transfers? [closed]

Regarding incoming wire transfers (i.e., SWIFT transfers) from overseas (this question has no connection to internal USA transfers of any kind) denominated in USD (this question has no connection to ...
Fattie's user avatar
  • 13.8k
119 votes
14 answers
32k 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 ...
Djune286's user avatar
  • 861
62 votes
4 answers
18k views

Closed account, haven't received payment. When has the bank "stolen" my money?

Background I closed a checking account over 40 days ago at a large national bank in the US. I was told I would receive a check for the remainder (>$1000) in one to two weeks. I still have not ...
Jack's user avatar
  • 693
51 votes
7 answers
186k views

What is the purpose of endorsing a check?

Why do you need to sign a check on the back when you deposit it to your account?
Vitalik's user avatar
  • 5,473
45 votes
11 answers
18k 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 ...
Adelin's user avatar
  • 561
34 votes
6 answers
9k views

What risks are there acting as a broker between PayPal and electronic bank transfers?

I have a company offering a position as a transaction representative, they're located in Poland and say they can't take direct payments or use Paypal due to "money amount limits" on Paypal there. ...
Patricia Link's user avatar
27 votes
2 answers
22k views

Why does it take 3 days to do electronic transfers between banks? [duplicate]

It seems like electronic transfers can take 2 - 3 days to complete. For example, when I ask my online broker to transfer money from my checking account, the money won't actually be available to trade ...
EJoshuaS - Stand with Ukraine's user avatar
17 votes
3 answers
16k views

How does Wells Fargo use my phone number to find my Bank of America account?

I'm extremely confused about how Wells Fargo's SurePay transfers money to Bank of America. I've set up my Bank of America account to use my mobile phone number to receive payments. Now someone sent ...
user541686's user avatar
  • 3,369
16 votes
8 answers
33k views

PayPal wants me to "add a bank account", another funding source. Credit card isn't working. Why?

This is the second time in the last couple of weeks that I'm seeing the following error from PayPal. (Note: I've deliberately hidden the name of the merchant at the top.) "You cannot use this ...
Chris W. Rea's user avatar
  • 31.7k
12 votes
1 answer
24k views

How do multi-currency bank accounts work? What is the advantage?

I've recently read that banks are offering multi-currency accounts to their business customers. How do they actually work? Is it one bank account and the balance is available in, let's say for example,...
Roberto Fugazza's user avatar
12 votes
2 answers
8k views

What's the difference between wire transfer and ACH?

My sponsors have two ways to transfer money. I wonder what's the difference?
user4951's user avatar
  • 1,053
10 votes
3 answers
2k views

What exactly happens to Euro if one of European Union countries goes bankrupt?

What happens if one of the European Union countries goes bankrupt? Suppose I have money (bank deposits at local banks) in US dollars, Euros and local currency (I'm not in the US). Now one of EU ...
sharptooth's user avatar
  • 2,889
8 votes
4 answers
9k views

How can a U.S. citizen open a bank account in Europe?

Since interest rates are higher in the Eurozone than in the U.S., I'm exploring the possibility of opening a Eurozone bank account. For example, ING Direct is offering 3.5% on a 12-month CD, whereas ...
Tony the Pony's user avatar
8 votes
1 answer
919 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 ...
nopcorn's user avatar
  • 373
7 votes
1 answer
444 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 ...
user105666's user avatar
7 votes
1 answer
493 views

UK - Closed Company, Bank has frozen the remaining funds

I recently closed my small business and left a few hundred £s in the business account with Barclays. After receiving notification that the company has been officially struck off, I contacted Barclays ...
Dunhamzzz's user avatar
  • 243
7 votes
1 answer
351 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.
user avatar
7 votes
5 answers
50k 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?
Dawn's user avatar
  • 89
7 votes
2 answers
707 views

Does closing a normal bank account affect my credit like closing a credit line?

I have a checking account that I once opened to divide money into different piles. I have since stopped doing that and want to close the checking account. I still have other checking accounts with ...
MrChrister's user avatar
  • 25.2k
6 votes
1 answer
5k views

What are the risks of associating your PayPal account to your bank account?

What are the risks of associating your PayPal account to your bank account?
user avatar
5 votes
1 answer
6k views

Personal bank account for non-resident in UK

I have just received a job offer in the UK (for a UK company) and i want to open a personal account with a UK bank to receive my salary and avoid international fees. I've read around the web about UK ...
AlexL's user avatar
  • 151
5 votes
2 answers
1k 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 ...
Jackson's user avatar
  • 195
5 votes
1 answer
2k views

Why does my checking/savings account offer a higher interest rate than a standalone savings account?

I have a bank account with checking and savings bundled together; if I make enough purchases with my debit card, I earn a higher interest rate on the savings. Today I decided to look at other types of ...
Yamikuronue's user avatar
  • 1,319
4 votes
4 answers
23k 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 ...
Zildar's user avatar
  • 41
4 votes
1 answer
2k views

Can I have more than one current account

Is it possible to open more than one current account in the UK? and how will this affect my credit score. I only say this as there are current accounts that pay 3% interest on balances - which would ...
Husman's user avatar
  • 405
4 votes
1 answer
35k views

BoA Closed my Accounts and Froze my Funds. How can I get money back besides cashier's check?

Earlier this week I had tried to buy food with my debit card but the transaction was declined. I immediately contacted my bank (BoA) and was told there was a note left with a number to call. I called ...
Evan Johnson's user avatar