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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118
votes
2answers
725k 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 ...
93
votes
10answers
77k 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 ...
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 ...
30
votes
6answers
123k 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? Lots of situations when I find myself in need of ...
18
votes
2answers
21k 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 ...
13
votes
5answers
18k 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 ...
14
votes
1answer
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 ...
5
votes
2answers
556 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? ...
58
votes
4answers
12k 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 ...
3
votes
1answer
2k 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 ...
11
votes
3answers
592 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?
6
votes
3answers
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 ...
15
votes
7answers
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 ...
14
votes
6answers
9k 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 (...
5
votes
2answers
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 ...
7
votes
3answers
1k 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 ...
6
votes
5answers
7k 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 ...
1
vote
2answers
9k 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 ...
-1
votes
1answer
700 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 ...
47
votes
7answers
174k 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?
56
votes
4answers
12k 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 ...
12
votes
1answer
22k 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,...
8
votes
1answer
772 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 ...
3
votes
1answer
6k views

Opening a bank account in the USA as a foreigner

I am a mozambican citizen and would like to know whether I can open a bank account in the USA. I don't live in the US but am planning to buy a house and put it on rent. What requirements should I meet ...
2
votes
1answer
40k views

Can I transfer money from an NRE account to a USA checking account?

I want to transfer some money from USA checking account to my Indian NRE account to get the benefit of a good interest rate. But when I need this money back in USA, can I transfer money from my NRE ...
30
votes
8answers
11k 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. ...
24
votes
2answers
8k 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 ...
22
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 ...
10
votes
3answers
1k 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 ...
7
votes
5answers
24k 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?
3
votes
1answer
2k views

As a freelancer, how to receive money from overseas company to my individual bank account in India?

I am working as a freelance software developer. Recently I got a project from an overseas company. I asked them to send money through ICICI Bank Money2India. The first payment made it successfully ...
16
votes
8answers
21k 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 ...
12
votes
2answers
7k views

What's the difference between wire transfer and ACH?

My sponsors have two ways to transfer money. I wonder what's the difference?
8
votes
4answers
8k 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 ...
7
votes
2answers
605 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 ...
3
votes
2answers
4k 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 ...
2
votes
1answer
631 views

Moving to Europe, savings in the US, alien both in Europe and the US, trying to maximize exchange rates

This question has several parts, but the underlying story is the following: I currently live in the US, I am moving to Europe (specifically, France) in a couple of months, for at least two years. I ...
0
votes
1answer
981 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 ...
15
votes
3answers
15k 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 ...
7
votes
1answer
408 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 ...
6
votes
1answer
4k 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?
6
votes
1answer
284 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.
5
votes
1answer
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 ...
5
votes
1answer
5k 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 ...
4
votes
1answer
20k 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 ...
4
votes
1answer
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 ...
3
votes
1answer
151 views

Bank accounts that do not get overdrawn

Are there any banks (in the US) that do not have an overdraft facility? That is, an account which cannot have a negative balance and they simply reject/decline transactions that would take the account ...
2
votes
1answer
129 views

Is there any kind/type of bank accounts that does not show me the transaction history of my account? [closed]

I need to have a bank account for my NGO that can be accessible by anyone. In order to do that I will share my credentials. My problem is, I need no one to be able to see the transaction history of ...
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 ...
2
votes
1answer
58 views

How should get my PPF fixed

I opened (first) PPF account in Union Bank of India at City X-branch (I live in city-Y which is away from city-X by almost 3 hour travel by railways) where my dad used to work. Now he is retired so am ...