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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1answer
43 views

Open bank account in the US or Canada

I don't know this is the right place to place this type of question or not. I am an indian citizen and I have an Indian passport. But i want to open a bank account in the US or Canada. Is there any ...
47
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5answers
10k views

Why do banks seem to be indifferent about identity theft?

Several years ago, I was in a terrible relationship in which my girlfriend fraudulently opened a credit card in my name. I forget the specifics, but she ended up transferring the full cash advance on ...
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11answers
7k views

What is the purpose of budgeting if all I need to do is look at my bank/credit card statement?

I have read over Reddit's wiki on budgeting. I rarely pay with cash so I already have a record of transactions I made with payment cards. My pay stubs are e-mailed to me. So what's the point of ...
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1answer
43 views

What does same scheme account mean in banking purpose?

I'm planning to open an online savings account in a bank where i already have normal savings account. In the form though it asks me to declare that i don't have same scheme account in their bank. I'm ...
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1answer
296 views

On creating a new bank account for “sugar payments” [duplicate]

Recently, I became a sugar baby and found a daddy who wants me to create a new bank account for him to send money to. He doesn’t want to use a cash app because he has been scammed in the past. Is ...
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1answer
46 views

How can I find the VAT Nr of an organisation by looking at a money transfer?

I have an app in multiple appstores (ios, android, windows). I have received money from transactions in these stores, and the VAT is taken care of by the stores. Now I have to do my tax administration ...
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1answer
87 views

What does Turbotax mean by “This account did not have income, deductions, or credits associated with it in [year]”?

I use Turbotax to prepare my taxes in the United States. When declaring foreign financial account, Turbotax asks: What does Turbotax mean by "This account did not have income, deductions, or ...
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0answers
45 views

Why is a separate fiscal year needed different from that of a calendar year? [duplicate]

What is even a separate fiscal year different from that of a calendar year? A detailed answer to this is most welcome. I am asking this particularly in Indian context.
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3answers
4k views

Why a bank would propose a depositor to invest part of their money to mutual funds, instead of bank doing it itself?

Currently, some banks in Greece propose their depositors (via financial consultants) to invest their money in foreign mutual funds. Their main argument is that deposit interest rates are close to zero ...
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5answers
233 views

Why do some banks charge a fee for a low account balance?

I'm learning in economics that if your balance gets too low, you have to pay a fee. Why is this? Is it to help support the bank, or as a punishment? Or is it both?
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4answers
2k views

Can the bank legally deduct an amount from the coins I gave them? [closed]

If I take coins to the coin counter in a bank and don't have an account with them, can they give me half the amount worth and then refuse to give me back my change to go somewhere else?
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1answer
31 views

Link Australian and Canadian bank accounts

I used to live in Australia and still have my bank account active there Now I am in Canada and have Canadian bank account I want to add my Canadian bank to my paypal. Paypal allows to add US bank with ...
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1answer
49 views

Bank account in Germany for non-EU-residents?

I am a Brazilian student with a German PhD contract scheduled to start on April 1st, but due to the COVID pandemic which is significantly bad in Brazil, the local German consulate cancelled all visa ...
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2answers
193 views

How many accounts can a scammer take money from? [duplicate]

Someone wants to give me a check over the internet to deposit into my account. If I have a checking and savings account, can they access both? or can they just get to one account?
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0answers
60 views

Can I use an ATM to convert a cheque to money into my Revolut account?

I think the question in the title is clear enough. From here I understand it's not possible: Unfortunately we don't accept cash deposits or cheques to your Revolut account but I also read at the ...
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0answers
15 views

How to open up Fidelity Active Trader Pro Account for a contingent

Signing into Fidelity Active Trader pro requires a Fidelity account. But it seems that contingents -- a type of beneficiary -- of a Fidelity account are not allowed to make a separate account. As a ...
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2answers
43 views

Help Calculating Monthly Earnings with two co-existing APYs in same “Savings” Account from T-mobile Money

Background I have a T-Mobile Money (via BankMobile, a division of Customers Bank) interest checking account. I'm trying to track earnings per month but I'm a bit confused by their fine print and their ...
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1answer
695 views

Legality of Bank Inactivity Fees

I hadn't been paying attention to my checking account (in which I kept a minimum balance of $1500 just to avoid a monthly "maintenance fee") for about a year. But, yesterday I logged in and ...
6
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1answer
291 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 ...
30
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5answers
10k views

Paid off $5,000 credit card 7 weeks ago but the money never came out of my checking account

I paid off my credit card that had a balance of over $5,000. I sent a one time payment for the total amount, about $5,100 to be exact and my credit card company received the payment and reflected it ...
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2answers
2k views

Am I in a sugar momma scam? What’s should I do in my situation? [duplicate]

I was approached through direct message by a female account on Instagram (which seemed to be catfished) saying that she is a “sugar mummy” willing to pay $300 weekly for a sugar baby. “She” basically ...
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0answers
26 views

Is COT (cost of transfer) exsists in bank from a certain country to another? (Eg. Uk to philippines or othe country to philippines) [duplicate]

Heres the scenario: I have invested through bitcoin to a certain company but the thing is endless payments were being asked and i have complied with them. A few days i received from a certain bank ...
2
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1answer
122 views

Should i worry if i lied in my new bank that i have no association with another bank when i actually do?

I recently opened a new account. I already had an old account at a different bank, but I declined when they asked me if I had association with another bank. Does this matter?
2
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1answer
74 views

I'm traveling and need the info on my future business card

I'm about to open a business account, but all providers seem to provide physical credit cards for their business account. At the moment I won't be able to physically present myself at the place of ...
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1answer
95 views

When’s a right time for a 20 something college graduate to make their bank account independent of their parents?

When’s a good time for someone working on their masters subsidized by their parents, and income from a job that doesn’t make too much money to break the joint bank account with their parents and have ...
4
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2answers
119 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 ...
4
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1answer
585 views

Chase closed my account and is asking me to confirm the validity of my deposits. How can they do this?

Chase closed my checking account without any explanation at the end of August. When I contacted my branch in person, they were told over the phone from the main offices that I would receive a check of ...
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0answers
46 views

When sending money within the US does the name have to match the account and routing numbers?

If I provide an organisation in the US with the correct US account number and routing number, but they send the payment with an incorrect name, will I receive the money? Note: I asked a similar but ...
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1answer
112 views

What to do now that “my” bank has finally removed the last bit of access to its alleged customers? [duplicate]

For a long time now, "my" bank (Nordea, in Sweden) has announced that it's removing what they used to call "simplified login". This "simplified login" actually meant &...
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1answer
330 views

My sugar daddy is threatening to get me in trouble because he has my ssn and all my personal information is this even possible if so what do I do [duplicate]

We exchanged phone numbers and all personal information and If I don’t give him what he wants he said he could get me in major trouble what do I do I can’t keep doing this? How do I know if this is ...
2
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0answers
69 views

Why does my bank wants me to send them a W-8BEN if I live in the US?

I have a bank account in Bank of America and they are adamant that I should send file a W-8BEN, even if I live in the US and I am taxable in the US. I already told them about that but they keep ...
2
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2answers
503 views

How is it secure to allow withdrawals from my bank by just giving an account number to a financial institution?

To pay my credit card, I just need to enter my bank routing and account number. (US institutions.) That's it. How is that secure? Anyone could enter my bank number and so withdraw my money.
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2answers
387 views

A man asked for my username, password, account number and routing number. Do I need to be worried? [closed]

A man wants to transfer money to my Green Dot debit card. He asked for my username, password, account number and routing number. However, there is no money in the account. Should I still be worried?
2
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1answer
175 views

Lost Deposit. Which bank is responsible? [closed]

I'm currently dealing with a clusterF around a deposit that was credited to the wrong bank account. Neither bank has the target account number where the deposit was credited. Both banks pointing ...
3
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0answers
33k views

Payment from Wells Fargo Customer Remediation to compensate for fraud hold, but I didn't have an account

I received an unexpected $150 check from Wells Fargo. The accompanying letter said they conducted a review of holds that were placed on consumer deposit accounts due to suspected fraud. Their research ...
6
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3answers
2k views

Depositing a check with both wife's and my name into my sole account

Not thinking, I deposited a check written out to both my wife and me into my sole account. The check seems to have cleared and it has been a few days since then. The check said "and" between ...
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1answer
108 views

How to reconcile a checking account against bank statements?

My first thought on this matter, is that if the balance is off by a certain amount, one or more missing transaction should add (withdrawl or deposit) to the missing amount. The software I am using for ...
-4
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1answer
825 views

A stranger told me he would give me a weekly allowance. Is that a scam?

A stranger told me he would give me a weekly allowance if I gave him my bank name, account number and routing number. Is that a scam?
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1answer
125 views

Wiill banks refuse my application for a current account if I don't pay a salary in?

I want to apply for a second current account to put funds into and also for some perks that they have (I don't want any interest due to religious reasons). But my salary will not be going into this ...
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1answer
62 views

What's the point of filing the FBAR in addition to one's US tax returns, which include Form 8938 (“Statement of Specified Foreign Financial Assets”)?

What's the point of filing the FBAR (FinCEN form 114) in addition to one's US tax returns, which include Form 8938 ("Statement of Specified Foreign Financial Assets")? FBAR seems to contain ...
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1answer
455 views

Will I get in trouble for sending money to an account specified by my sugar daddy? [duplicate]

I met a guy on an app and we talked for about a couple of weeks. Then, he asked if he could help me with my bills and I said yes. However, he wanted information on my bank account, so I gave him my ...
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1answer
2k views

Can I withdraw EDD funds without the account number?

I have money issued from the Employment Development Department (EDD), but I don't have the Bank of America EDD Debit Card yet. Can I use my ID to go into the bank and withdraw money even if I don't ...
0
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1answer
67 views

Is there a convention about how to make it easy or accessible for customers transfer money to an overseas bank account by email?

I don't reside in Israel and I don't have a business associated with the Israeli tax authorities but I have an online business aimed primarily to Hebrew speakers which the vast majority of them reside ...
30
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4answers
8k views

Possible customer wants me to handle payment to another contractor. Is this a scam or not?

I'm going to do some possible contract work in my field and I've had an offer for some work I found through a reputable venue. However, that venue doesn't handle payments or anything like that. I seem ...
0
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1answer
93 views

Landlord wants etransfer and claims he did not receive cheque in the mail

I want to stop a rent cheque that i mailed to my landlord 13 days ago and he claims he did not receive it and that I must send him an etransfer immediately now? How long does the process take when I ...
1
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1answer
197 views

Can I keep a German Bank account as non-resident

Last year (2019) I(non-european) did an exchange in Aachen, Germany (for 1 year) and had to open a bank account in Germany. I left it open on purpose when I left (around October) because I had an ...
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2answers
184 views

Should I tell my broker representative my bank routing and account number?

I am trying to add my bank account to my brokerage account via their web interface. It is not working because I have a non-traditional phone number as my contact number, and the webpage refuses to ...
2
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1answer
186 views

Is it possible to steal money from an account/card by knowing only the card number and PIN?

I have an ATM card, it is a local bank issued card without any international payment service like Visa, MasterCard or such. If someone knows only the 16 numbers on the card and the PIN (and also ...
0
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0answers
74 views

Why would a major bank not accept opening new accounts during the Covid-19 pandemic?

I'm in the United Kingdom and asked HSBC about opening a joint bank account with my partner as we're in the process of purchasing a house and wanted one for mortgage payments and household bills. We ...
2
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2answers
95 views

Can paypal transfer to bank?

When you purchase an item through PayPal that is linked to your bank account when PayPal received a refund does the refund automatically transfer from your PayPal account into your linked bank account?...

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