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Questions tagged [banking]

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.

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0
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3answers
120 views

Sugar daddy allowance with bitcoin [duplicate]

I met guys online as sugar daddies without sugar.I have never given my bank password but some guys request me buy google play card and I answered I wouldn’t use my cash for it.The guy said “ I would ...
5
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2answers
2k views

Islamic Banks and Personal Lending

As per my previous question on "The difference between Islamic Banks and Western Banks", it was answered that Islamic Banks do not charge interest but instead agree on a percentage of profits the ...
23
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6answers
6k views

What are the advantages to banks being located in the City of London (the Square Mile)?

This question is about the City of London, i.e., the Square Mile, not greater London. There are an awful lot of international banks located in the City of London. What advantages are there to having ...
2
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2answers
171 views

Why would I open a low-rate 9 month CD instead of a higher rate savings account?

One specific (popular online) bank is offering a 9 month 1.25% CD, while it's savings account is 1.90%. There's no way I see interest rates tumbling in the next nine months, so why should I -- why ...
38
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3answers
11k views

How to prove that invoices are really unpaid?

When it comes to official business documentation (USA) between a company and a client who is either another company (B2B) or individual person (B2C), how can the company providing the invoices, prove ...
-5
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3answers
168 views

How do I transfer funds from MY OWN card to MY OWN personal bank account?

Would anyone please be so kind to explain me how (where) could I transfer funds from my own debit and/or credit (particularly debit) card issued by X bank (USA) to my own personal checking bank ...
-1
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2answers
270 views

How to bank on my own?(self hosted bank account) [closed]

I'm from Poland and I do not want to have a bank account but I want be able to use a card and do all of that nice online stuff. It would allow me to do automated stuff and maybe other cool other ...
2
votes
2answers
466 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 ...
1
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1answer
32 views

HUF Account India

We have a HUF (Hindu Undivided Family) account in a Govt Bank. My father is "Karta" of this account and me being his son is also a member. So, can I ask my employer (from part time job) to ...
1
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1answer
90 views

Declining Binding Arbitration on credit card accounts

Recently Chase was making a change to its user agreement and was automatically assuming your consent to abide by binding arbitration unless you opted out explicitly by sending them a snail mail with a ...
11
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4answers
2k views

Can I cancel a credit card without negatively affecting my credit?

Some background: I have no debt, have never carried a balance on the card, and have never used more than 10-15% of the credit limit per month. I'd much prefer to pay with debit/cash, but I got the ...
2
votes
2answers
90 views

How do app-initiated bank transfers work?

Normally, if I want to initiate transfer of funds from a bank I have to at least login to their secure banking website to initiate it. Sometimes it has to be by phone or in-person for smaller banks. ...
0
votes
1answer
94 views

How do I divide my total money into small sums for different purposes? [closed]

I was wondering if any bank/app has a user interface where I can virtually divide my total money into sub-accounts. For example, if I have 10000 USD, then 2000 USD for travel, 500 USD medical, and the ...
0
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0answers
23 views

What happens to net assets in case of increasing NPAs(Non-Performing assets)?

The bank's profit is measured as Return on Assets which is the ratio of Bank’s net profits and Net assets. In case of increasing NPAs, the bank's net profits will decrease, but what will happen to net ...
1
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2answers
496 views

How safe is my money with Bank of America?

I have some money in BOA savings/checking, and I am afraid of someone stealing the money, through credit card or of someone getting access to my online account credentials, and transferring all the ...
0
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1answer
75 views

Is it safe to use Capital One Bank? [closed]

After the recent Capital One hack, is it safe to keep a savings account with Capital One ?
2
votes
1answer
119 views

What is Money multiplier deposit or MMD?

What is money multiplier deposit or MMD? How it works in Indian bank?
0
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0answers
71 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
1
vote
4answers
256 views

Is it still hawala if the money is transferred via bank at the destination?

My family needs to send me approximately $3000-5000 for my expenses here in Michigan and they found a relative coming to US in coming days. They would give him cash in my country and he would carry it ...
2
votes
1answer
123 views

Can my spouse/friend purchase a cashier's check for me?

I roughly understand that cashieir's checks lifts the money from your account at the time of issue and can be cashed by the named recipient. Can I use a Cashier's check issued to my spouse/friend ? (...
3
votes
2answers
222 views

Received an unexpected windfall and have no skills or knowledge of finance (UK)

Good Evening, I work and live independently with a lifestyle that isn't lavish but is perfectly comfortable for my needs. Recently, I was the beneficiary of a sum that is about 10 times the amount of ...
0
votes
1answer
173 views

Should I enter spaces when entering the IBAN for online transactions? [closed]

The IBAN number of the account I want to transfer money to is NL99 INGB 9999 1234 99. When entering these details in the my online banking portal, do I have to insert spaces as shown or type the 18 ...
0
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0answers
198 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 ...
1
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4answers
237 views

Is it possible/easy to get some rare banknotes and/or coins that worth more than the face value?

Today I got a few Eisenhower dollars from my bank and it seems they worth slightly more than one dollar each as they are rarer. In general, is possible/easy to get some rare notes and/or coins that ...
2
votes
1answer
189 views

Buying business product for a business associate that's abroad

I was wondering if there's any legalities regarding the purchasing of product for a business associate that is abroad? I would buy the product and he would reimburse me the money. The products are ...
-9
votes
4answers
260 views

How much would a trading robot which doubles money in a period of time sell for? [closed]

How would factors of this calculation change for the rate of doubling, scalability (the maximum amount at which it begins to become less efficient), risk and other factors you might bring up a ...
0
votes
1answer
162 views

Can you sue for half of the equity and mortgage payments? [closed]

EDIT: Name is both mortgage and deeds. Im trying to remove a name from a mortgage, the other party is requesting a payout of a large sum of money. They never paid a penny to the mortgage, upkeep. ...
1
vote
1answer
174 views

Can I apply for immigration if I have a house mortgage to pay?

I am planning to continue to pay the mortgage after immigration. But I don't know if the bank will allow me to pay house mortgage from another country.
0
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4answers
198 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....
3
votes
7answers
11k views

Is it a scam if a Military commander from the army deposit money into my account then I send to an army female? [duplicate]

Is it a scam ? Talking to a female person in the army, she was deported to Africa (which of course red flags came up). She told me her mother can't because she doesn't feel good so her commander is ...
0
votes
4answers
80 views

What is a “rates division”?

Deutsche Bank is shuttering its equities sales and trading business, while trimming its "rates division". It will also create a "bad bank" for €74 billion ($83 billion) in assets that eat up too much ...
4
votes
1answer
607 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 ...
2
votes
2answers
173 views

if I/some credit card keep applying how low the score can get

This seems a hypothetical question. Suppose a person has a already low credit score( I suppose it can not be less than 300) . Question1: And if that person apply for 2 different credit cards at ...
8
votes
3answers
1k views

How do banks maintain reserves?

I'm just starting to learn about the fractional reserve banking system. Suppose a bank has deposits of $100 and the reserve requirement is 10%. The bank gives the remaining $90 as loans. Now suppose ...
0
votes
1answer
695 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 ? ...
3
votes
1answer
651 views

I received a seemingly legitimate welcome email for a bank account I did not open. What do I do?

I received an email which was apparently from Sun Trust Bank. It was welcoming me to their online services. I have not signed up for such services. I looked at the following data and it appears ...
4
votes
2answers
653 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 ...
4
votes
0answers
162 views

Cashier checks purchased in the 80's at a bank that is now closed - the State Treasury Dept can't find them

My dad who is deceased purchased cashier checks in the 80's and the bank has since closed. I reached out to the States unclaimed property; they found several checks but there are a few left that they ...
0
votes
0answers
32 views

What is the ACH Number for the TD Cross Border Account?

I have a TD Cross Border Account and an employer in the USA that pays in USD's. What is the ACH number for the TD Cross Border Account?
0
votes
0answers
45 views

Is there a specific term for a collateral with a value less than what has been declared?

In other words, a collateral value has been estimated more than its real value. Is there a term for this type of collateral? Is the term "over-declared collateral" correct in this sense?
0
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0answers
103 views

A check with the spelled out amount left out [duplicate]

I received a check with the amount filled in as a number say $2000 but the spelled out portion (which should have been "Two thousand and 00/100") left blank. This was an oversight by the sender (out ...
1
vote
1answer
308 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 ...
-3
votes
1answer
500 views

Is this a scam or not a scam?

I received the below email. Is is a scam or not a scam? Attention: Mohamed Atef, May the peace of the Lord be with you. Yes He left an ATM/VISA CARD with me before he traveled out of the ...
0
votes
2answers
204 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 ...
1
vote
2answers
209 views

How can Stripe charge my bank account in case of negative balance?

I was thinking of opening Stripe account and then saw this. This page says that if I have negative balance due to a charge back, Stripe can contact my bank and request funds from my bank account ...
6
votes
3answers
2k views

Why do banks have daily deposit limits for check deposits with app?

I have a bunch of accounts at Fidelity and use their app to deposit checks on my phone. Each account has a daily deposit limit that is based on a number of factors, but the most important appears to ...
1
vote
1answer
173 views

Taking a loan with a low interest and putting it into a Savings deposit with High interest [duplicate]

Can I make money from taking out a loan from a country with a low interest rate (such as Switzerland, that has an interest rate for loans from 4.9%) and put it into a fixed savings deposit account in ...
16
votes
3answers
30k views

Is there a way to know the number of a lost debit card?

I am stuck in the situation where I want to know the card number of my lost debit card (lost in 2013). I have an account in the Bank of India. I checked all my entries in bank pass-books but there is ...
-1
votes
1answer
220 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.
-1
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1answer
81 views

Is KYC information placed in a global database like bank accounts?

When I open a bank account or credit card, it is instantly accessible nationwide just like a credit report. What about opening an exchange account and filling out KYC information in the U.S. or ...