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To be used for any generic banking question. If there is a product-specific question, specific tags like credit-card, savings etc. should be used. If there is an entity-specific question, descriptive tags like merchant, community, consumer, small-business should be used.

0
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1answer
95 views

Transferring money for someone [duplicate]

I met someone and we have been chatting via phone for awhile. He asked me to access his bank account and transfer money to someone else because he is in Thailand on business and he can't access his ...
1
vote
1answer
230 views

Is it illegal to going to someone's bank account and do a transfer?

A person I've been talking to for a while asked me to go into his bank account and make a transfer to a US beneficiary account. It's a continental account. It showed the date that the account was ...
-4
votes
1answer
35 views

private trading [on hold]

I recently heard that some banks (even some major banks) offer their trading platform, to their VIP customers and that sometimes the dividends can reach up to 90 percent a month on their investment. ...
1
vote
1answer
42 views

How to transfer money to a bank account overseas from a bank account tied to my phone?

Suppose I move to another country and open a bank account there, how will I be able to transfer money from my account in another country to this new overseas account when my old account is tied to my ...
0
votes
0answers
32 views

Any experience with neat.hk and that new category?

I'm not really sure what the "category name" is of the new banking (/whatever ..quasi banking) "fast access" providers who have popped up in Asia Problem ... for a year or more now no banks are ...
45
votes
7answers
34k views

A man on a work project in West Africa asks me for 2000 - is this a scam?

A man that I met on Facebook was called to do a job in West Africa. He got there and found out that there is a problem with his Swiss bank account. He needs 2000 to finish the job so he can come home....
1
vote
1answer
14 views

What does “Re-registration pending” status means in bank for ECS?

Recently i have provided my BOB account details for LIC ECS. After banking process i got one message from bank site like : policy no xxxxxxx with amt xxx.xx registered for ECS. debit date ...
26
votes
5answers
10k views

Why do credit card issuers offer a grace period?

I am wondering why most credit card issuers offer a grace period after the statement date, provided they're not obliged to? Is it required by law (I'm 99.99% sure it's not but just in case)? Does ...
1
vote
1answer
90 views

How do I find out if an old bank account still exists and if I still have funds available in that account? [duplicate]

I have an old savings account from old Shawnee Bank in Shawnee Kansas. It shows a balance in it from 1970. How do I find out if it still exists?
34
votes
3answers
11k views

Should I pay myself back for paying family's rent out of our pool of money?

A few months ago, I paid the $1,500 rent on the house where my family and I lived. My siblings and I are in college and we work part time jobs to get by. My father could not afford to pay the rent ...
2
votes
1answer
106 views

The amount received being less than the amount required

I live in Europe and I ordered a product from a Moroccan company. They asked from me to transfer the money to the company bank account in Morocco, which I did. Shortly thereafter, a company agent ...
3
votes
2answers
179 views

Does FDIC insurance at one bank cover each account?

I was reading that FDIC insurance covers accounts up to $250,000. Does this mean each account you have at a bank is insured up to $250,000 or is $250,000 the maximum for all accounts at a bank? Also,...
2
votes
1answer
85 views

Do I need both the account number and also the sort code to make a deposit into friend account or can I just use the account number?

Is it possible to make a payment into someone's account using only their account number and name or do I need to give a sort code as well??
3
votes
2answers
195 views

Is Paypal registered as a real bank? Is it FDIC insured?

It works kindof like a bank, in that you can send, receive, and store money in it as a secure account for as long as you'd like. So is it FDIC insured? And is it registered as a bank, or merely a ...
1
vote
2answers
41 views

Information about fee via 3ds secure protocol [closed]

I've made a transaction between my 2 cards issued by different Financial institutions (Banks). I've confirmed the transaction amount in 3DS window. But the total amount was decreased on a fee volume. ...
1
vote
1answer
149 views

Check that has void

Working for walmart I was payed on the 4th and on the 6th the company took the money out of my account and wrote me a paper check. A few days later I try to mobile upload to netspend, the first step ...
0
votes
1answer
95 views

Opening a bank account in the UK for a non-resident friend

I live in the UK. I have a non resident friend who wants to invest his money and set up a business here. He asked me to do an enquiry about opening a private bank account. This will be his first step ...
1
vote
1answer
201 views

What are some good options to save money? I have the only income, as a father of 1 and husband, France-Canada

I'm already past 30 years old and so is my spouse. We have a two years old child and plan to have another one in a near future. I'm currently doing a PhD and I have about 1500 euros per month as ...
0
votes
0answers
62 views

Bank Issuing Check rather then sending money back to square

I sent money to a friend bank account at United State from Hungary. The United States bank thinks it's a fraudulent transaction. Initially my friend said that the money will be returned back to square ...
-2
votes
2answers
114 views

is it possible make initial deposit for opening a new bank account from a friend's bank account in USA? [closed]

I have my friend's account number and routing number. When I'm opening a new checking account can I use his bank account to make initial deposit into my new account? I know there is verification that ...
0
votes
0answers
86 views

How to get a bank account in the USA as a South African resident? [duplicate]

How to get a bank account in United States Of America if you are a foreigner?, I am a South African resident willing to get a bank account in Usa.
1
vote
1answer
285 views

Right Iban but Wrong Swift Code [duplicate]

I have sent some money (in euro) to Netherlands (ING Bank) from Turkey. The IBAN is correct but the swift code is INGBNL2AXXXX instead of INGBNL2AXXX. The recipient did not get the money and the money ...
1
vote
1answer
74 views

Reactivate a dormant account with Bank of America as a nonresident

I am a French Citizen, I opened an account with Bank of America in 2009 that I used every year during my vacations, but I have not been to the US for 5 years so the account seems to be dormant. I ...
0
votes
1answer
102 views

Is there an IBAN for US banks?

Do US banks have an IBAN number? Im trying to wire money through my Bank’s website and they’re asking for the IBAN is there one for us banks? And if not what do I do?
1
vote
1answer
121 views

How can I find out how to trace where Mobile Deposits to my checking account came from?

There have been several checks deposited into my checking account over the course of the year. The checks are not payable to me and the checking account is in my name. The back of the checks are not ...
0
votes
0answers
60 views

Open an estate account without going into a branch

I'd like to know if this is possible. Presently, the administrator is located in another country from the deceased. She has all of the necessary documentation, but will be unable to go to a US branch ...
1
vote
1answer
81 views

Is it legal if I transfer money to my retired pensioner father who will create FD (fixed deposit) out of it?

Details: I am based out of India. I have already paid TDS on my salary and have also filed by tax-return for the same. Now, I will transfer some part of this money to my dad's account. I will also ...
0
votes
3answers
204 views

what am I missing - why do I need to have accounts with “conventional” retail banks (in US) in 2018?

Chase, Citi, BoA and Wells Fargo are in my book the "conventional" retail banks. In 2018, they offer close-to-zero interests in most of their accounts and only offer managed investment accounts. In ...
1
vote
2answers
36 views

International Wire Transfer Currency Conversion

If I wire money internationally say from my Israeli account to a US account does the money currency change from ILS to USD after the money have been sent? Or does it stay in the same currency unless I ...
2
votes
1answer
75 views

Comparing bank to bond ETF

Let's say I have a bank savings account giving this interest: Rate: 1.736% APY: 1.75% (rate accounting for compounding interest) And there's a bond ETF SCHZ with these rates: TTM: Distribution ...
1
vote
2answers
45 views

International to U.S. wire transfer

Is there a limit by government regulations on large amount transfer from international account to U.S. account. Same person on both accounts. Or is limit set by bank?
2
votes
1answer
118 views

What kind of customer tier should I be aiming at? [closed]

I have about 2M EUR of savings, in all kind of supports (the choice of the supports was random or historic - not driven by any reasonable financial analysis). Since I have no interest in managing ...
29
votes
6answers
6k views

Bank rotation to exploit promotional deposit rates for new funds

Banks in my country often offer deposits with promotional rates for new funds - calculated as funds exceeding amount accumulated on selected date. Now there are several banks practicing such ...
0
votes
0answers
40 views

Is it fine to transfer funds between 2 paypal accounts that you own but are individually linked to different cards that you also own?

I have 2 different bank accounts, one from Wells Fargo and another in Bank of America which was opened by Payoneer because I signed up on Payoneer a long time ago. I also have 1 paypal account (...
6
votes
2answers
3k views

If Checking Account's and Saving Account's interest rates are the same, what is the point of having a Savings Account? [duplicate]

In this question I am using Wells Fargo as an example. https://www.wellsfargo.com/savings-cds/consumer-account-rates/ You will see that the interest rate for a checking account is the same as for a ...
1
vote
1answer
122 views

Avoiding Chase monthly checking account fee

With my checking account I have maintained a daily balance greater than 1500 dollars to avoid the 12 dollar monthly fee. As I earned more income I started moving it to a savings. Now I have ...
1
vote
2answers
181 views

Why don't bank accounts have an asymmetric deposit number? [duplicate]

Why doesn't every bank account come with a "deposit only" number? I.e. why do I have to give my account number (and thereby give the ability to withdraw money from my account) to someone whenever I ...
1
vote
2answers
222 views

Joint Bank Account

I have a joint bank account with my sister that requires both signatures to withdraw money. She recently opened a personal account at the same bank. She transferred all the money into her personal ...
0
votes
1answer
49 views

linking external bank accounts to other banks

A well known bank in my area mentions you can link external bank accounts and superannuation funds to your one bank account so you can conveniently see all your funds and net worth in one place, but ...
0
votes
1answer
93 views

How to receive funds from outside India in Personal Indian Bank Account number?

I have an account in HDFC bank at Gurugaon district of Haryana. Now I have to receive the money from some foreign party , Can I accept the payment in above account? Will there be any TDS deduction ? ...
41
votes
11answers
11k views

Why is a transfer from an account to another not done instantly when it's not the same bank?

I own accounts at two different Romanian banks. When I transfer money to another account at the same bank, the money is transferred immediately. However, when I transfer money to an account at a ...
0
votes
1answer
49 views

How to send check from US Bank to US location when I am abroad without checks

I am in Europe and I am being asked to send a check via mail to a location in the US. I do have a PNC Bank Account I do not have any checks with me Is there a way that I could achieve this quickly?
1
vote
3answers
462 views

Spent money from unexpected deposit. Do I have to pay this back?

A check was deposited into my account of 2,500$ I didn’t think anything of it and I used the funds now they’re forcing me to pay it back. My name was forged. I was told, the bank it came from had 5 ...
1
vote
2answers
168 views

What happens if there is a typo in a wire transfer?

Does the banking system check the recipient's name and/or address when doing (domestic) wire transfers? What happens if there is, say, a typo in the bank account number? Is the money essentially ...
1
vote
1answer
118 views

Giving out bank information

I asked a guy i know for one hundred dollars. He said send me your bank information so he could send it to me. Should i give it to him or use something else like paypal?
2
votes
1answer
150 views

When one bank's CD yields are one hundred times the market

I just learned about the "certificate of deposit" or CD. Looking at a comparison between the annual yields on these CDs across different banks, I was shocked to see that the yields on the CDs issued ...
0
votes
2answers
56 views

Will it be faster if I give someone in another country a Cashiers check (as opposed to a personal check) in USD to deposit it in their account?

I have a US bank account and the other person in a south Asian country does not. What are the fees involved?
20
votes
5answers
4k views

Does a direct deposit arrangement also enable direct withdrawals?

Suppose, for example, an employer in the United States deposits employees' paychecks directly into their bank accounts. If they determine (whether correctly or incorrectly) that a former employee was ...
2
votes
2answers
190 views

Should we keep our savings in several different accounts?

I read a story about a bank's closure and its assets being seized, depositors losing their money. I want to ask if one should be keeping his money divided into several different banks instead of one ...
0
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2answers
131 views

Can my company deposit cash received from customers into their business account [closed]

My company receives cash from many of our customers for payment of an invoice. Can we deposit this cash in our business checking account?