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Questions tagged [deposits]

related to depositing cash or check into a Bank Account or in general deposits kept for various purposes like securing a rental property etc. Additional context specific tags like bank-account, rental-property to be used as appropriate.

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3 votes
4 answers
2k views

Someone wants my account details and password to transfer money to me

Someone in another state asked me to be his personal assistant. From the start I was suspicious. He said he was doing a lot of projects in my state and needed my help. Then he said he needed to ...
AJ OREE's user avatar
  • 31
11 votes
6 answers
76k views

Are there special endorsement requirements for US Government checks to two parties?

At a bank where I have a checking account in my name only, I regularly cash a dividend check made out to my wife AND me. My wife endorses the check at home and then I stroll down to the bank and add ...
Ast Pace's user avatar
  • 297
14 votes
1 answer
6k views

Can a foreign bank manager name me as the kin of a deceased customer if I don't know the person?

A few days ago, someone emailed me and said he is the branch manager of an overseas bank. He asked me to join him in an agreement. He has a deceased customer who is a citizen of my country and who has ...
nunu's user avatar
  • 299
13 votes
5 answers
5k views

Is the money that you get back from deposits or rebates taxable?

Please help me understand if the following two items are taxable or if they should be included at all on the tax report: Rent deposit. A few years ago, when I moved in my previous apartment I put a ...
Jason F's user avatar
  • 133
5 votes
4 answers
12k views

Does a bank have to tell me if a check made out to me was cashed there?

I moved out of a place and I was supposed to receive my last pay check there. I think my housemate deposited it in his account. I know banks are not supposed to, but it's in a small town so people ...
Elijah Ratliff's user avatar
15 votes
3 answers
62k views

Calculate Future Value with Recurring Deposits

I am familiar with the formula for calculating FV and compound interest of a deposit, but I am wondering if there is a formula that will allow me to calculate how much money I will have after ...
ColorWP's user avatar
  • 151
13 votes
7 answers
291k views

How can I have someone deposit a check for me?

I'm currently out of US territory, someone needs to pay me, so he made a check to me, with my name and CHASE account number on it, of course. Can I ask some other friend to go and deposit that check ...
andres's user avatar
  • 133
9 votes
2 answers
17k views

As a regular person, can I perform/simulate a direct deposit?

As a regular person (not a bank or an employer or any such thing), can I take some money I have on hand and perform a direct deposit into a bank account for which I have all the necessary details? ...
senshin's user avatar
  • 549
7 votes
2 answers
2k views

What are some drawbacks to Interac's e-transfer auto-deposit option?

As a user, what are the drawbacks for Interac e-transfer auto-deposit and what I should consider before using it?
user98094's user avatar
7 votes
2 answers
1k views

How does bank deposit insurance work in Singapore?

When I check bank web sites in Singapore, they usually post something like below: Singapore dollar deposits of non-bank depositors and monies and deposits denominated in Singapore dollars under ...
kitokid's user avatar
  • 961
6 votes
2 answers
523 views

Should I try to hedge my emergency savings against currency and political concerns?

I'm planning to save 15% of my income for emergencies. I live in Ukraine and I am concerned that the local currency may not be stable long-term. I'm also worried about the possibility of banks closing....
greyd.omh's user avatar
4 votes
2 answers
311 views

Investing in stocks & shares ISA- when to make deposits?

To start with, let me say that I am very new to investing- have no prior experience of it... Last year, I opened a stocks & shares ISA for the first time (it is a Lifetime ISA), and my intention ...
Noble-Surfer's user avatar
4 votes
3 answers
26k views

I'm Canadian, but I've worked in the United States. Why did I get a $1,200 payment from the IRS?

I'm Canadian, but have been working in US 3 years 2015-2018 on TN visa. In 2018 I returned to Canada, filed IRS return for 2018, but didn't do it for 2019, because that year I didn't work in US. But ...
Alexan's user avatar
  • 740
3 votes
6 answers
1k views

Deposit and lending real money

It is universal that banks use deposits for lending and make money in the form of interests. My query is if bank utilising the deposit for lending,why it isn't reflected in depositors account? Say for ...
Deepak Kumar's user avatar
1 vote
2 answers
554 views

Deposit Reclassification

My last statement from a given bank contained the following notice: Deposit Reclassification: Under federal law, the Bank is required to classify our deposits a certain way for regulatory banking ...
Mooseman's user avatar
  • 113