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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0answers
48 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
46 views

Chart of Accounts - Does a Bank Account also belong to a chart of accounts? [on hold]

I'm writing some computer software that display profit and loss. I'm confused if a Chart of Accounts includes all bank accounts, e.g banking, credit card, cash, etc. Could someone point me in the ...
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86 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 ...
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1answer
99 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 ...
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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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0answers
74 views

Awaiting a check reversal

Recently, I deposited a check in my account mistakenly (having already deposited it’s few months prior ). After talking to the bank, they said that the check would be reversed and the money would be ...
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2answers
275 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 ...
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3answers
446 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
193 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 ...
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2answers
160 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 ...
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1answer
55 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
53 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 ...
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1answer
305 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
116 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
217 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
114 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
70 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
185 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....
6
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1answer
161 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 ...
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2answers
71 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
578 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
282 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....
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0answers
116 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
122 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
190 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
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 ...
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1answer
183 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 ...
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1answer
237 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
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 ...
5
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2answers
443 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
229 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
914 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 ...
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1answer
54 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
817 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
89 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 ...
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2answers
120 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 ...
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2answers
192 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
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3answers
255 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 ...
0
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1answer
54 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 ...
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0answers
52 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 ...
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1answer
253 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
979 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
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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 ...
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1answer
160 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?
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1answer
276 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 ...
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1answer
64 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?
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3answers
306 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 ...
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1answer
151 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% ...
3
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4answers
189 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 (...