Questions tagged [online-banking]

To be used for any questions related to banking transactions that can be carried out online [web based]. There is another broader tag online-tools if the questions is not specific to Banking

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88
votes
8answers
223k views

Is it a scam if the person only wants to deposit into my account, not make a withdrawal?

A man in west coast Austria wants to deposit money into my account. I'm in Alabama. I had to get an online account. I did that, but he says his bank manager needs all this information: DOB ...
82
votes
7answers
41k views

Is this work legal? Someone promises payment for converting money transfers to Bitcoin

An online company hired my friend as an account assistant. They told him they are a business consulting firm, and that they need an account assistant in every area. His job is the following: Some ...
81
votes
11answers
39k views

Why don't banks give access to all your transaction activity?

In the era of big data, I find it surprising that banks and credit card companies only offer access to a ridiculously small number of transactions - often only your last 180 days, if that. The longest ...
72
votes
6answers
231k views

Sugar daddy wants my online banking login info to make deposits — is it a scam?

Someone is offering to pay me in a sort of sugar daddy/sugar baby arrangement. They want to make online deposits to me, and they're asking me for my online banking username and password. Is that ...
51
votes
5answers
26k views

Why is transferring money online to someone else's bank account so difficult in the U.S.?

I used to live in a poor, third world country (India) where I freely transferred money between my bank account (a savings account) to accounts held by my friends in different banks, and different ...
49
votes
5answers
11k views

Why do banks seem to be indifferent about identity theft?

Several years ago, I was in a terrible relationship in which my girlfriend fraudulently opened a credit card in my name. I forget the specifics, but she ended up transferring the full cash advance on ...
45
votes
11answers
17k 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 ...
40
votes
4answers
3k views

Are bank customers allowed to provide username & password to sites like Mint.com?

This question is not about whether Mint.com is secure, or not. That is beside the point. (Refer to this question on the subject of trusting Mint.com and similar services.) Rather: Are bank ...
31
votes
7answers
15k views

Under what circumstances can a bank transfer be reversed?

Under what circumstances can a UK high street bank reverse, refund or cancel a bank transfer and do they need to contact the account holder beforehand? I had been under the impression that if I log ...
26
votes
2answers
15k views

Why does it take 3 days to do electronic transfers between banks? [duplicate]

It seems like electronic transfers can take 2 - 3 days to complete. For example, when I ask my online broker to transfer money from my checking account, the money won't actually be available to trade ...
25
votes
3answers
7k views

What information do scammers need to withdraw money from an account?

There is a story currently on the BBC news website. The relevant points are: Scammers called Alex pretending to be BT (telecommunications provider). Alex provided scammers with information / help ...
22
votes
5answers
11k views

Why do banks encourage me to use online bill payment?

In the US, most consumer banks offer online bill paying. It's convenient for me, but what's in it for the bank? Many vendors take payment electronically, but some require a paper check sent via the ...
19
votes
6answers
25k views

US bank w/ free online incoming/outgoing international wire transfers, no monthly charges, online application [closed]

What US banks let me do the following: % Send and receive international wire transfers for free % Send wire transfers online % Pay no monthly fees % (optional) Apply for an account online. ...
17
votes
5answers
271k views

How do I make a one of payment to my HSBC credit card bill with a HSBC debit card UK

I need to pay my HSBC credit card bill with a HSBC debit card and I can't transfer money between accounts (it doesn't show up on the list of accounts). When I click on the direct debit details it says ...
16
votes
3answers
6k views

How do you link two checking accounts from two different banks in two different countries?

My fiancé wants to transfer a substantial amount from his Norwegian bank account to my U.S. bank account in a different and unaffiliated bank. He says he does not want to wire transfer the money. ...
16
votes
5answers
219k views

Why is there a delay on credit card transactions showing up on my online statement?

If I make a purchase with my credit card there is a delay of a few days before it shows up on my online statement. If I make a purchase with my debit card it usually is displayed that day. Why the ...
16
votes
2answers
14k views

How does mint.com connect to online banks in order to get or download transaction data?

How does mint.com connect to online banks in order to get or download banking transaction data? Do banks have a standard mechanism for mint.com to connect, or is mint.com simulating a real person ...
16
votes
6answers
9k views

How easy is it for people from Nepal to open a foreign bank account via the internet?

Has anyone attempted opening a foreign bank account from Nepal as a Nepalese citizen, if so what was your experience? how easy was it? Which country's banks will allow this?
15
votes
7answers
5k views

Why don't banks allow more control over credit/debit card charges?

Why don't most banks have a system where, when you charge something on your credit or debit card, you then have to log into the bank and approve the transfer of funds? Alternatively, why don't they ...
15
votes
7answers
24k views

Is there such a thing as a deposit-only bank account?

My employer wants me to give my routing-numbers, social-security numbers, and basically everything else required to take money out of my account, to several third-party direct-deposit websites (one ...
15
votes
4answers
5k views

How to understand payment due date for a credit card

I just recently got my very first credit card, the Discover It Card. I knew it was crucial to have one, as a great credit score is needed for important things. The question I have is in regards to the ...
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
4k views

How can a freelancer get a credit card? (India)

I work freelance for clients, in other countries, and paid via Paypal and other methods. When I applied for a credit card in my country, it was rejected. They mention as I don't get a salary and I ...
11
votes
4answers
21k views

How to change a large quantity of U.S. dollars into Euros?

What is the best way to change $30,000 dollars from the U.S., into Euros to Europe ? Is an international bank account the best solution? If not, then what?
10
votes
3answers
9k views

Should I pay rent electronically?

I'm renting an apartment from an individual. The landlord and I discussed the possibility of paying rent electronically. My bank (BofA) has some kind of electronic payment option where I'd enter the ...
10
votes
4answers
561 views

Remote Deposit a check (By scanning) for non-business users?

Does anybody have a first hand experience with scanning a check and posting it (either by email or a bank web interface) and willing to comment about the experience ? What Banks in the US support "...
9
votes
8answers
1k views

How do you maintain your personal financial account #s and passwords?

I've done the larger estate planning questions for myself and my growing family, but on the less tangible and digital keys, how do you maintain a list of your financial information? I know nearly all ...
9
votes
8answers
2k views

Is ING Direct Orange Savings a decent online savings account?

I'm looking for a good savings account that's 100% online and provides a good interest rate. I saw ING Direct (http://home.ingdirect.com/products/products.asp?s=OrangeSavingsAccount) and it this ...
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 ...
9
votes
2answers
220 views

What do I do with the paper check when I make a deposit over the Internet

Just opened an account at a credit union that allows me to make deposits over the Internet with my scanner and a Java app. I assume I need to keep the actual check for at least until the money shows ...
9
votes
1answer
16k views

Why doesn't Bank of America or Wells Fargo have free ACH push or pull funds transfer?

Using my credit union's account I can do free ACH push or pull from both of my Bank of America or Wells Fargo checking accounts. However, I was wondering why doesn't Bank of America or Wells Fargo ...
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 ...
8
votes
2answers
3k views

Why different interest rates for checking and savings?

I have recently become financially independent (21 yo student in US) and I am starting an independent bank account. I noticed that the interest rates on savings accounts are significantly higher than ...
8
votes
1answer
665 views

Capital One Free Credit Report - Effect on Credit Score

I have a Capital One credit card. As part of their online services, they offer free credit score requests. I recently began using that service, up to twice or thrice per month. Capital One ...
8
votes
4answers
630 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

How to continue using the online banking feature of GnuCash (AqBanking) with PSD2 in effect?

I'm running GnuCash 2.6.19 (with AqBanking 5.7.8.0) on Ubuntu 18.04.3 LTS. Ever since the European Commission's Revised Directive on Payment Services (PSD2) came into effect online banking with the ...
7
votes
3answers
548 views

Is a "secure key" token for authenticating to online banking really more secure?

I have one of these secure key things, that I have to use to log into my bank account. It is extremely annoying, and makes mobile banking awkward. So I want to know if it's worth it. The key, once I'...
7
votes
3answers
20k views

Disadvantages of online checking accounts?

My parents helped me set up checking and savings accounts through Wells Fargo when I was a teenager and got my first job. Only now, ten years later, I’m realizing that the Wells Fargo accounts aren’t ...
7
votes
7answers
5k views

Is threatening to close the account a good way to negotiate with the bank?

I have an account with Bank of America who removed some features of the account without my consent and I want to get back those features for the same price it cost when I opened it. I guess that ...
7
votes
3answers
822 views

When do institutions exchange physical currency from electronic payments?

This question always been on my mind and I never truly understood the concept. I’ve done some digging and haven’t found the answer that is comprehensive. I want to understand at what point does a ...
7
votes
2answers
31k views

What is the best way to dispose of old checkbooks?

I have a checkbook from my US-based online bank, but the address on the checks is now out of date. What is the best way to destroy the checkbook? Do I need to notify my bank that I am not using the ...
7
votes
1answer
3k views

What is the usual delay for a SEPA transaction?

I wired some money from France to someone having an account in Germany, using a SEPA (Single Euro Payments Area) My bank acknowledged the transfer, and the person is telling me his didn't. He is ...
6
votes
5answers
9k 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 ...
6
votes
3answers
235k views

What is the difference between the closing date and due date for a credit card?

I just got my first credit card ever to begin building a credit. I got the chase credit card called Freedom. I have heard so many stories of credit cards that I got a little scared and that is why ...
6
votes
2answers
9k views

Transferring money between two banks in the U.S

Why does it take so many days to transfer money between two banks in the US? I have accounts with two different banks in the USA, and whenever I transfer money online between those two banks, it takes ...
6
votes
2answers
25k views

How do I know my Citi credit card account number, for setting up a Virtual Account Number?

I have a credit card from Citibank, and I want to create an Online Account¹ (a virtual credit card number) but it asks me for my "Credit Card Account Number". Upon entering my credit card number (...
6
votes
1answer
7k views

Are ACH transfers between individuals possible?

All the information I've found on ACH transfers for individuals apply to the scenario in which the individual makes payments to an institution of some kind (usually a business). But are ACH transfers ...
6
votes
2answers
133 views

Do there exist any wikipedia type sites for evaluating financial service providers?

How do people go about getting a feel for the soft features of financial service providers? My biggest criterion in purchasing financial services, such as bank accounts or investment accounts, aside ...
6
votes
2answers
109 views

How can I evaluate a bank's online connectivity?

How do I evaluate a new bank or credit union's online system? I use quicken and I currently have problems like unexpected down time from the bank or quicken saying there are no more transactions ...
6
votes
1answer
440 views

Which non-bank-specific online money management applications work for Canadian banks?

Mint.com has languished for years (over three now) in not supporting Canadian banks. Given that we only have a few, you would think it to be a small amount of work. Update: Mint.com now supports ...

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