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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5
votes
1answer
731 views

Am I putting myself at any security risks by putting all my money in one bank institution?

Currently, I'm putting all my savings into one bank institution, but spread into several accounts. Are there any security risks in this approach? It is convenient for me as all my money can be ...
5
votes
7answers
6k views

What are the drawbacks to using my bank's online billpay service?

I'm thinking about signing up for my bank's online bill-pay service, but I'm concerned about putting someone in between me and my service providers. My questions: Have you had any problems with ...
5
votes
1answer
173 views

Closing business bank account. What records should I download from my bank for record keeping?

We are about to close our small business bank account. I need advice on what information I should download from online-banking before I actually close the old account. I imagine that getting these ...
5
votes
3answers
12k views

What foreign exchange rate is used for foreign credit card and bank transactions?

I am an Indian. I would like to know about how foreign transactions work. I have paid my GRE $185 fees through my SBI credit card. I was charged something around 11k rupees. How is the dollar rate ...
5
votes
1answer
300 views

MM account disappeared after NetBank failure. How to recover funds?

First-time poster. :O) In 2002 I opened and funded an online-only account with NetBank; the terms of the promotion required funds remain untouched for an extended period. Once the account was funded ...
5
votes
3answers
219 views

Which bank(s) allow you to open AND close CDs online?

Most banks allow you to transfer money into a Certificate of Deposit (CD) using their website. However, once you open a CD you usually have to call to close or otherwise modify the CD account when it ...
5
votes
3answers
836 views

Is there any site to compare the security of (online) banking services?

I work in the computer industry, and I know a few things about security, like the fact that those "security questions" that you're asked for are pretty much completely bogus and not useful as security....
5
votes
1answer
4k 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 ...
4
votes
1answer
306 views

Is it OK that my bank's routing number is nowhere near me?

I have an HSBC account. The checks on said account have a routing number of 021001088. From what I found, this number has a location of Buffalo, Ny. That is a little weird since I live in NYC and the ...
4
votes
1answer
20k views

Sort Code, Account Number, but no account name

I'm trying to pay money into an account. I have the Sort Code and Account Number, but no account name. I know the company that owns the account, but I'm sure they have MANY accounts. Can I put just ...
4
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2answers
1k views

Digital money pots?

I want to be able to create digital money pots, similar to the physical piggy banks people keep at home, i.e. Pot 1: Money for food per month Pot 2: Money for car fuel per month Pot 3: Money for fun ...
4
votes
1answer
552 views

What should I be wary of when opening a savings account?

I'm looking to open a savings account (probably online) but I want to make sure I avoid any pitfalls. After looking at Bankrate.com I put toegether a bit of a list, but is there anything else I should ...
4
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1answer
2k views

What is the easiest way to open a foreign Bank Account?

I live in Argentina. Nowadays in my country it is almost impossible to buy foreign currencies as American dollars or Euros. I was thinking if it is possible to open a foreign Bank Account to be able ...
4
votes
2answers
1k views

investing - where to trade online? (Greek citizen) [closed]

I wanted to know if you could help me a bit because online searches didn't bring back many results (at least what I was looking for, ie non-Greek banks, etc). Can you recommend any sites where EU-...
4
votes
1answer
230 views

Feedback regarding online services of credit unions like Alliant

I am considering opening an online account that I can operate over the internet with a CU. Would it be possible given that I am a international student on a F1 Visa in the US and not a US Citizen or ...
4
votes
2answers
2k views

What banks work best with accounts in multiple states?

Many years ago I opened my first account at Citibank thinking it's a "global" bank and I can use it for years. Since then i moved many times and eventually to a different state. As I found out to my ...
4
votes
2answers
2k views

Is there a way to open a U.S. bank account for my LLC remotely?

I'm operating a company remotely — I'm not in the U.S. Is there a way to open a bank account without going to the U.S.? I've called a few banks and most of them require myself to go the a ...
4
votes
1answer
838 views

Which institutions in Canada offer true read-only guest accounts? [closed]

I've been reading a lot about Mint.com and Yodlee, but I just can't get over the fact that they store a set of credentials which could be used to empty your bank account if they fell into the wrong ...
4
votes
1answer
116 views

What are the some banks for businesses looking to handle *everything* online?

My business works with contractors and customers around the world and I have plans for long-term travel for myself. The small local bank I'm currently with doesn't seem like a good fit for my company. ...
4
votes
1answer
271 views

Opening a bank account in France [closed]

I just moved in France, and it seems to be vital to have a bank account here. Even to buy a sim card you need one, and of course if you are going to work legally. I would like to ask you if it is ...
3
votes
8answers
2k views

Are there any banks with a command-line style user interface? [closed]

I am bit fed up with my local banks that are click-click-click-...click type of banks, every time I use them I get a sense of absurdism. If I am doing anything a bit more specific like doing abroad ...
3
votes
2answers
209 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 ...
3
votes
2answers
2k views

Why are interbank payment (settlement) systems closed for weekends and holidays?

Why are interbank payment (settlement) systems (TARGET2, for example) closed for weekends and holidays? Are they saving on the electricity of their servers or something? Or are they really checking ...
3
votes
2answers
518 views

Tangerine's Android app asked me something about noting my location. What did it ask, and what did I agree to?

I live in Canada. I use Tangerine (formerly ING Direct). Tangerine is the "direct banking" division of Scotiabank. The upside of using Tangerine is that it charges no monthly fees. The downside is ...
3
votes
2answers
5k views

Potential phishing scam?

Made a large purchase order on a site with a safe Norton rating and A+ BBB rating. Noticed I put the wrong shipping address, called the number on the site, and I got the order canceled and received an ...
3
votes
3answers
541 views

Online savings or money market account with a guaranteed rate?

I'm planning to move my rainy-day fund into an online savings or money market account in the near future. For a couple of months, I've been keeping an eye on rates and recommended accounts at sites ...
3
votes
1answer
353 views

Is it possible as a non-Indian citizen to create an Indian bank account (denominated in rupees) that can exchange & repatriate its funds?

I'm not of Indian origin or nationality and I do not live/work in India, but I would like to open an account in India into which I can deposit funds and repatriate them if need be. Looking into it, I'...
3
votes
1answer
854 views

ACH Transfer limits

I belong to a Credit Union and they tell me that the maximum amount I can transfer via ACH is $500. That seems very low to me. Is that normal?
3
votes
2answers
1k views

How does Wells Fargo can detect my right account if I have multiple accounts when I am transferring money?

I have 4 different bank accounts with 4 different banks. I wanted to transfer money from my account in Wells Fargo to my account in some other bank ONLINE. But I don't see any option to add my other ...
3
votes
1answer
101 views

Is there a limit to how large a bill I can pay from a bank account?

If I have a checking account, can I use it pay large bills using online banking without encountering any difficulties? I intend to pay a bill of $20k+ to an educational institution. It will be a bill ...
3
votes
2answers
189 views

Does my bank's use of Voice ID put my assets at risk?

This week, I learned that Chase has introduced voice ID for my account, meaning when I call them, they will match my voice with their stored information, and allow phone access to my account based on ...
3
votes
1answer
114 views

Do online billpay/banking force NSFs when they can?

When online banking and payment systems first came out, I remember they used to have a lot of issues with giving indicators (visual/email payment confirmation) that a payment was 'locked in', but then ...
3
votes
1answer
218 views

KMyMoney: Extract payee from memo field using regular expressions

short version: How does the "Extract payee from memo field" feature in KMyMoney work? You can find it here: KMyMoney > Accounts > Choose account > "Edit Account" > "Online Settings" > "Extract payee ...
3
votes
2answers
394 views

Minor child scammed into thinking he could make money using his bank account [closed]

If a minor child with a bank account falls for a scam in which he is told he can make money and must give his personal bank information to the person telling him this, what can happen? Has anyone ...
3
votes
0answers
66 views

What is the SEPA optional category?

When I'm writing a wire transfer (both with my personal and with my company's accounts), my bank allows me to enter "optional SEPA fields", most of them look redundant or useless, but one is a bit ...
3
votes
2answers
273 views

UK Issuing Bank blocked Debit Card. Said card was used fraudulently on ecommerce website. How can this happen?

I was using my UK bank account debit card in India, to buy few flight tickets for my inter city travel. Using my own laptop, in a co-working space. Website used : www.makemytrip.com -- is one of ...
2
votes
4answers
855 views

Does transferring $10 to various bank accounts count as money laundering?

I am making an app that rewards users with real money for using the app. The money comes from the profit I get from ads the user views. Basically, I am sharing my ads profit with my users. However, ...
2
votes
2answers
2k views

Automatic bill payment - direct deposit or automatic checks through mail?

I have a personal account with BOA and I'm curious how I should set up my automatic payments (to utilities, landlord and friends). Should I A) go directly to the companies (that have to pay) and ...
2
votes
1answer
3k views

Cashed a check twice

I recently had the stupidest idea to change my direct deposit from Wells Fargo to Bank of America (my BOFA account is about 6 months old). Since I changed it 2 weeks in advance I was shocked when I ...
2
votes
2answers
349 views

It is usual practice for the most relevant part of online banking services (making payments) to only be available during working hours of a bank?

Where I live (Central Europe) it doesn't seem to be possible to make a transaction between two bank accounts of two different banks that is outside their office hours. This also applies to online ...
2
votes
3answers
2k views

Is it possible that your bank balance goes to negative

Recently I was in Spain and I withdrew all money from my account while returning. At night I checked my balance online and it showed -250 Euros. Is it possible? Should I have done something about it?
2
votes
1answer
147 views

Bank Accounts that use a common number

Why do some sorts of accounts not have their own account numbers? Instead they appear to pay into some sort of general account, relying on a roll number or reference to distinguish them. My Mortgage ...
2
votes
2answers
137 views

Why are banks sharing connection/synchronisation mechanisms?

I noticed that my banks (at least in France) start to offer the ability to consolidate accounts from other banks (in order to have a unified view of all belongings). This is not done though a public, ...
2
votes
1answer
18k views

How long does it take for a Tangerine no-fee money-transfer email to be delivered?

I live in Canada. I use Tangerine (formerly ING Direct). Tangerine is the "direct banking" division of Scotiabank; it has no monthly fees but also no tellers. They let me send "Interac email money ...
2
votes
1answer
158 views

So I was used as a money mule and now I have a CIFAS marker I desperately need to get rid off?

so some time back I was used as a money mule without realising by someone I trusted very much. Once he had everything he wanted (money) he then blocked me leaving me with a debt of more than £5000. I ...
2
votes
1answer
141 views

Will an only-online checking account work for a new worker? (18 years old)

I am completely new to opening banking accounts and using checks and all of that. I just got a job at McDonald's and I can get paid with a money card (not sure what that is yet) until I open a ...
2
votes
2answers
762 views

How to prove that I did not receive a payment

I'm working with an online company that sends payments through a bank. I sent them a payment request a while ago with my IBAN + the bank SWIFT and other details provided, so they could transfer the ...
2
votes
3answers
212 views

Other ways besides USPS/FedEx/etc to deposit LARGE checks into online banks?

Mobile Deposit is great and all, but most mobile apps have pretty low deposit limits. Even though Ally's limit is high ($50,000), checks can of course be higher. Thus, what's the alternative to ...
2
votes
2answers
153 views

Are there any catches to no penalty CDs?

My bank offers a a 2.25% savings account. They also offer a 2.35% no penalty CD. This sounds like a straight upgrade with no downsides (ignoring a 7 day minimum holding period). This sounds too good ...
2
votes
2answers
475 views

Different card for each budget category

My wife and I are having trouble with the daily task of entering payments into our budget tracking system. Furthermore, we are never able to verify how well we're going against our actual bank ...