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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2
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0answers
70 views

Nonresident Travel Money (Card or Bank Account) Solution with Emergency Cash Feature in Euros?

I'm from the new EU so my country's banks are not that advanced that they can offer me this feature. So this will be a nonresident account for travel money. The solution I am looking for is like AMEX'...
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3answers
3k views

What could a malicious party potentially achieve by having *just* a name, account number, and sort code?

There seem to be many conflicting points on this issue, most prominently this story published in the Daily Mail not so long ago , so I ask the nice community on stackexchange to shed (researched) ...
9
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3answers
46k views

How can I get free or discounted checks for my bank account?

I bank with chase and my account type does not qualify me for free check books. I have to pay a fee to get a check book. Is there a way I can: Get a free check book for my account? Print my own free ...
4
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2answers
1k views

Digital money pots?

I want to be able to create digital money pots, similar to the physical piggy banks people keep at home, i.e. Pot 1: Money for food per month Pot 2: Money for car fuel per month Pot 3: Money for fun ...
12
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3answers
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 ...
7
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1answer
5k views

How to reactivate my dormant bank account in the US as non US resident?

I opened a bank account with Capital One in 2009 when I was in the US for work and travel. Last year I started Android app development and I used this Capital One account for Android app sale ...
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1answer
1k views

As an individual Indian freelancer, do I have to create trade license & Current account?

I am an individual Indian citizen. I am 23 years old. Currently, I am working as an individual freelancer in freelancer.com. I have a savings account in State Bank of India. I do not have PAYPAL ...
8
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1answer
15k 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 ...
4
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1answer
17k views

leaving the amount on a check blank

Suppose a person writes a check out to someone that they owe $500, but does not specify the amount on the check and instead tells the person to fill out the amount for five hundred and cash it. If the ...
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1answer
2k views

Must all details match exactly if receiving payment via my personal bank account?

I want to use my personal bank account to receive payment for my work e.g. as a first-time software developer. I found a company who wants to list my application for sale in their online store. To ...
2
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1answer
2k views

Why might I be declined when opening a new current account?

I just attempted to open a new current account and was declined. I apparently have to wait to receive the details as to why by post. What are the possible reasons for this to happen? I am a recent ...
8
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2answers
7k views

Common practice to closing a checking and savings account?

Is there a common practice to closing a checking & savings account? For example, should I transfer all the funds electronically to my other bank then call and close it or is it better to get a ...
3
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3answers
14k views

Difference between the multiple cash withdrawal options on these ATMs?

I always get confused when selecting the options. I just go for the normal cash withdrawal option. But, I would like to know the difference in them. And, is the bank charging you different to use the ...
7
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5answers
52k views

Are bank account numbers unique?

If somebody sends me money and I write the swift code wrong, will the money go somewhere else? I know bank account numbers are unique within a bank, but will are they unique globally? Update: I ...
6
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2answers
52k views

If a deposit of $1200 is being processed but hasn't yet been cleared, then can I immediately use that money to pay with my debit card?

For the record, I use Bank of America. I have a $1200 deposit (from the account of my parents) that's being processed, but that's still waiting to be cleared. The available balance adds it in though. ...
8
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6answers
2k views

How can my friend send $3K to me without using Paypal?

My friend is a paraplegic. He can't go to the bank and wire the money. He used to send money from our partnership via paypal. Now I am banned from paypal. What's the alternative? Google checkout? I ...
6
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4answers
1k views

How do companies like paypal work with international customers?

I am just curious. In US there is this thing called ACH. But that requires a routing number and banks in Indonesia do not have a routing number. So how does paypal do it? ACH? Transfer?
12
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2answers
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?
125
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2answers
825k 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 ...
5
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1answer
222 views

How do I evaluate risk exposure to my U.K. bank in light of the possible collapse of the Euro or Eurozone economies?

I understand there are concerns about runs on banks in Eurozone countries like Greece and Spain. Should this happen, it might put pressure on banks elsewhere. How can I evaluate the risk exposure of ...
3
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1answer
2k views

How are days counted when funding a new account within 10 days

I just opened a new CD today and it told me I have 10 days to fund the account. I think the specific wording said "within 10 days." I'd like to know how these days are counted as I am unsure if any of ...
6
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2answers
12k views

Is it important that I check the correct “Account type” box for direct deposit/withdrawls?

On tax returns and direct deposit forms you fill out your bank's routing number, your account number, then tick a box for checking or savings. How important is checking the right box, however? At my ...
2
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3answers
11k views

How is interest in my bank account calculated?

I am a software professional. I have one question. How do banks calculate interest on money deposited, if I get, say, 10% per annum? Say I deposit say Rs.1000 on the 1st day of the month; then I ...
3
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2answers
255 views

How can I request and verify that my identity information is purged from a bank I no longer use?

I have consolidated a lot of finances from several banks (Chase, a Credit Union) and brokerage houses (Schwab, Fidelity) and since I no longer use these institutions I would like to request a complete ...
3
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3answers
1k views

Bank statements - should I retain hardcopies for tax or other official purposes (or keep digital scanned copies)?

Should I retain bank statements hardcopies for tax or other official purposes? Or are scanned digital copies valid in such circumstances? I am a salaried employee with no other income and fairly ...
3
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1answer
213 views

Better rate for investment between CD or savings

I have been considering either renewing my CD (Certificate of Deposit) from my local Credit Union which is at 1.35% APR (1.3591 %) dividend rate (monthly compounded) for one year. I recently noticed ...
4
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1answer
5k views

MICR and self-printed check acceptance requirements at Federal Credit Unions?

I read that you can print your own checks, but many banks will not accept or place fines on checks which don't have the routing and account number not written in magnetic ink. My related questions ...
1
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3answers
114 views

Are there any indicators as to whether an ACH debit is automatically scheduled?

If I have a bank account from which money is automatically withdrawn via "automatic withdrawals" is it possible to identify which payments are automatic vs manually initiated ACH debits? Examples: ...
2
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3answers
2k views

Is it possible that your bank balance goes to negative

Recently I was in Spain and I withdrew all money from my account while returning. At night I checked my balance online and it showed -250 Euros. Is it possible? Should I have done something about it?
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2answers
1k views

Can I setup a PayPal account or Google Checkout account without providing a bank account?

I want to set up an account on PayPal or Google to simplify online transactions. However, for security reasons, I do not want to link it to a bank account. I can get a friend to fund the PayPal/...
4
votes
1answer
635 views

What tips would be useful for a Canadian student taking part in an internship in the US?

I'm a Canadian student doing a four month internship in the US (California), starting in January 2012. I had a few questions about managing my money in the states: What is a good bank to use for ...
5
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2answers
640 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? ...
15
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6answers
11k 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 (...
6
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5answers
8k 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 ...
3
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4answers
7k views

Best bank without incoming wire transfer fees, for receiving money regularly? [duplicate]

I'm going to be receiving monthly wire transfers, and I found out that my bank (US Bank) charges $20 for each one. Are there any good banks that don't charge for incoming wire transfers?
5
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3answers
289 views

Are there any catches with interest from banks? Is this interest “too good to be true”?

Here's the long put short: I'll have £100,000 in my possession soon (inherited). I'm 17 so I have a NatWest Adapt account (teenager bank account) with an interest of 1.09%. Now, if I was to put the £...
5
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2answers
4k views

Ramifications of closing my Wells Fargo cash secured credit card only 3 months after opening

How do I continue using my Wells Fargo cash secured credit card once they change their ToS and start charging a $15+ monthly account service fee in addition to the $18 secured credit card fee from ...
2
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1answer
2k views

Open bank account in CHF

I'm living and working now in the Netherlands. Here you can easily open a bank account in EUR but I am interested in an account in Swiss franks. Browsing web pages of several Dutch banks I haven't ...
4
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1answer
106 views

Financial Power of Attorney

My mother is getting older, and we decided that I would gradually start taking over her finances, and that we would start getting all our ducks in a row well in advance of her having any type of ...
4
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4answers
1k views

Why don't banks calculate interest in CDs using continuous compounding?

Why don't banks calculate interest in CD using continuous compounding (which is higher than compounding quarterly)? While in the case of a mortgage they use continuous compounding.
18
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2answers
25k 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 ...
8
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7answers
4k views

If the U.S. defaults on its debt, what will happen to my bank money? [closed]

Will I still be able to withdraw from my bank account if the U.S. defaults?
8
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4answers
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 ...
6
votes
3answers
13k views

What's up with this weird Wells Fargo account nickname policy?

This question is super random, but I have a savings account that I want to throw 10% of my money in per month for savings. I wanted to nickname it "Tithing", and Wells Fargo gave me this error: What'...
8
votes
1answer
771 views

Is there a reason to link my bank account to Paypal?

A lot of smaller merchants use using Paypal checkout now. While I prefer to pay for everything with a credit card to get rewards, Paypal doesn't prefer that and makes me manually update each payment ...
7
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1answer
433 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 ...
3
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1answer
339 views

Who issues bank numbers in the United States?

I was inputing my routing number for a new bank account to do direct deposit and I started to wonder why every bank has the same format for routing and account numbers. Who issues the numbers? Is ...
11
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1answer
867 views

10 yr old checking account in USA closed automatically by the bank due to no activity, can I recover the money?

I used to have a checking account in a US bank (Suntrust). I've long ago stopped using it because I moved out of the country. There was no activity on the account for 10 years, and the bank closed ...
8
votes
1answer
884 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 ...
20
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7answers
199k views

Can foreigners holding US tourist visa create a bank account in USA?

I am not a US citizen and want to visit USA as a tourist. Since withdrawing money from my home-country bank account will cost much, it is better to open an new bank account in US (after arriving) ...

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