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

Filter by
Sorted by
Tagged with
1
vote
2answers
1k views

Money transferred to an account in error

Just for reference, this is um, theoretical. What is the legal/banking position if an employer transfers a large (very) sum of money into a staff members bank account? Is said person obliged to ...
2
votes
2answers
761 views

Any tips for asset allocation across multiple retirement accounts?

My family has 4 brokerage accounts: 1 traditional IRA & 1 Roth for both my wife and me. I would like to do a single asset allocation (such as the one below) across the 4 accounts? Is this a good ...
6
votes
4answers
3k views

Dealing with credit cards and bank accounts when moving from US to UK

My wife and I will be moving to the UK from the US on a work visa sponsored by my employer. One of things I'm most unsure about it how to deal with our current financial accounts. We have one joint ...
33
votes
7answers
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 ...
8
votes
5answers
1k views

Checking to brokerage transfer latency: Why does it take 3 days to move money, even at the same bank?

It takes my bank 3 days to transfer money back and forth to my brokerage account, even though my checking and brokerage accounts are both with the same bank. I don't understand why in the digital age ...
10
votes
3answers
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 ...
11
votes
3answers
28k views

Is transferring money in multiple small transactions dangerous?

I've got a transfer limit of 1k on my account at a bank. At one point in time, I wanted to transfer a larger sum (upper 4 digit range) from this account to another account at a different bank. To work ...
8
votes
4answers
625 views

What is an alternative to bank CD accounts that would pay slightly more interest?

I am looking for an FDIC (or other reliable body) insured account that pays more in interest than CDs. What is the next step up, interest wise, from CDs, even if it means tieing up the money longer ...
8
votes
3answers
2k 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
1answer
66 views

Can a monetary settlement be placed into an account that provides gradual access to the funds?

I want to place a lump sum into an account that will give the account holder gradual access to it so they won't immediately spend the lump sum on frivolous large purchases (or at least not until later)...
49
votes
7answers
183k 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?
5
votes
1answer
213 views

Common practice of holding payment funds on checking account?

I was about to make a payment the other day to an new loan account and was going to authorize a direct bank account transfer. There was a notice that the company would perform the charge twice on the ...
9
votes
3answers
1k views

If banksimple.com is not a bank, what is it?

I came across Banksimple.com, and I was wondering whether or not it is safe to entrust your money to. The About Us page says We partner with select deposit-taking institutions. We spend our time ...
3
votes
2answers
160 views

Is there a catch to offers of $100 when opening up a new checking account?

Is there any hidden catch in offers like this sample offer? I just can't understand what is the idea behind this offer --- What's the benefit for PNC if they give 100$? Sorry if it is a dumb question,...
6
votes
2answers
26k views

Can a foreigner open a bank account in the UK?

I am from Hungary and I will visit the UK for about a month (just for fun). I would like to open a bank account there. Can I do that? What are the latest regulations? Are there any special ...
6
votes
7answers
1k views

Is it a bad idea to transfer all my money via ATM?

I recently moved out of state and have all my money in the bank where I used to live. I've opened up an account at a credit union here, and want to transfer my money from my first bank to this one. ...
7
votes
2answers
627 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 ...
7
votes
2answers
2k views

How can I limit the value of my bank account tied to PayPal?

How can I limit the value of my bank account tied to PayPal?
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?
4
votes
3answers
544 views

Monthly pre-authorized payments/purchases: Use a bank account, or credit card? When/why?

Do you prefer using your bank account or your credit card for your monthly pre-authorized purchases? Are there certain kinds of bills you'd prefer to pay with your bank account or credit card? Why ...
3
votes
2answers
37k views

What's the difference between a Chequing account and a Savings account?

Because I know you can draw cheques from a savings account, so what gives?
6
votes
2answers
466 views

Is there a (legitimate) website on which I can check to see if I have any unclaimed money from past bank accounts?

It may seem silly, but I wonder if I've got a bank account out there in which I have unclaimed money. Wouldn't that be cool? How can I check?
5
votes
2answers
5k views

How do I get a US credit or debit card if I reside outside the US?

I am from Hungary and I would like to purchase sometimes from US web services like iTunes and so on. They require US cards and billing address. Is it possible to have one without traveling to the US? ...
35
votes
5answers
10k views

What are the advantages of a Swiss bank account?

I've heard about bank accounts in Zurich / Switzerland, but I don't fully understand the unique advantages of swiss bank accounts. What I do believe about these (but don't know for sure): They accept ...
12
votes
2answers
2k views

Bank of the Sierra: Are they legit? How can the checking interest APY be so high?

As of February 8th, 2009, Bank Of The Sierra offers a free checking account which earns a 4.09% APY. It looks like the catch is that you pretty much have to use them as your main bank. You need to ...
11
votes
3answers
641 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
4answers
181 views

How can I save on banking charges?

What tips and tricks do people use to keep the cost of banking down?
16
votes
8answers
30k 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 ...

1
8 9 10 11
12